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Ibovespa Closes 2025 With 34% Rally, Capping Best Year Since 2016

A record-low 5.2% unemployment reading highlights a tight labor market that points to a cautious path for Selic cuts.

Overview

  • On the final session of the year, the index rose 0.40% to 161,125.37 points.
  • Bank shares recovered and Petrobras gained, supporting the advance during thin year-end trading with about R$11.5 billion in index volume and R$15.7 billion on B3.
  • IBGE reported unemployment at 5.2% in the three months to November, the lowest in the series, reinforcing expectations of delayed rate cuts.
  • Localiza shareholders approved the creation of preferred shares and a R$2.06 billion capital increase through the issuance of 41,638,625 bonus PNs.
  • The Federal Police took testimony at the Supreme Court from Banco Master owner Daniel Vorcaro, former BRB president Paulo Henrique Costa, and Central Bank supervision director Ailton de Aquino Santos.