Ibovespa Stalls After Record Run as Petrobras Slumps on Lower Oil

Overview

• Ibovespa slipped 0.07% to 157,633, ending a 15‑session advance that delivered 12 record closes after trading between 156,560 and 158,134.
• Petrobras shares fell sharply (ON −2.99%, PN −2.56%) after OPEC+ lifted its non‑OPEC supply projection to 900,000 barrels per day, with Brent down 3.75% to $62.71.
• Vale rose 1.11% as iron ore futures in Dalian climbed 1.38%, helping limit the index’s decline.
• Futures rates eased at intermediate and long tenors, with Jan‑2027 DI at 13.64%, tracking lower U.S. Treasury yields, while short maturities were capped by hawkish remarks from BCB president Gabriel Galípolo.
• The dollar gained 0.37% to R$5.29 as investors focused on a likely U.S. government funding deal and earnings, with the Dow setting a record and the Nasdaq edging lower.