28.10.202514:26:46UTC+00Ibovespa Gains Ahead of Major Earnings Results

On Tuesday, the Ibovespa slightly increased, remaining above the 147,000 mark as markets anticipated key earnings announcements. Banco do Brasil performed strongly, leading the major banks traded in São Paulo. Meanwhile, Bradesco saw a slight uptick, whereas Santander experienced a minor decline ahead of their upcoming earnings reports. Vale also showed a small gain prior to its earnings release on Thursday, with expectations of strong profits fueled by high iron ore prices and record production levels. Conversely, Ambev declined by 0.7% before its earnings announcement. Azevedo & Travassos surged by 5.4% after its subsidiary, Heftos, secured a R$1.3 billion contract with Petrobras, which itself rose by 0.5%. Brava Energia advanced by 0.6% after JPMorgan revealed a 5.15% ownership stake. Additionally, Três Tentos climbed by 5.6% following the announcement of a biodiesel-related collaboration with Ultrapar’s Ipiranga unit. Overall, the broader market retained its positive outlook, buoyed by optimism surrounding a potential trade agreement between the US and Brazil after their Presidents' recent meeting.