2025.09.0114:00:54UTC+00Ibovespa Nears Record High on Softer Inflation Projections

On Monday, the Ibovespa marginally increased, hovering around 142,000, nearing its all-time high, as investors evaluated the Central Bank of Brazil's monetary policy outlook. The BCB's Focus report revealed a continued decline in inflation forecasts for the 14th consecutive week, with the IPCA estimate slightly adjusting from 4.86% to 4.85%. This week, market participants are also closely monitoring the Supreme Court trial of former President Jair Bolsonaro concerning coup attempt allegations. In terms of stock performance, Itaú Unibanco rose by 1% and Caixa Econômica by 2.3%, while Petrobras experienced a modest increase of 0.4%. Conversely, Vale's shares dropped by 1.2% following disappointing manufacturing and construction data from China, impacting the prospects for one of the iron ore giant's key markets. Retail stocks showed mixed results, with Raia Drogasil declining by 2.7% and Renner posting a 0.5% gain.