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Ibovespa Sets New Intraday Record on Fed Cut Bets as Banks and Vale Lead

Traders cite rising confidence in additional U.S. easing as a key driver of foreign buying.

Overview

  • The benchmark touched 147,558.22 points early Monday, eclipsing the prior intraday peak set last week.
  • Gains clustered in heavyweight financials, Vale and Eletrobras, while Petrobras slipped alongside weaker oil prices.
  • Braskem dropped after hiring advisers to evaluate its capital structure, with analysts warning of potential shareholder dilution.
  • Projected turnover of roughly R$14.7 billion pointed to a thin session that could magnify moves.
  • Investors awaited U.S. payrolls, Brazil’s CAGED data and central bank remarks to reassess policy paths, with the Focus survey still placing year‑end Selic at 15% and 2025 inflation near 4.8%.