Mixed U.S. Labor Signals and Venezuela Oil Sales Cool Brazil Markets

Overview

• Ibovespa fell about 1% to 161,975 as bank shares weighed, while Petrobras and Vale gains helped limit deeper losses.
• The dollar edged up to roughly R$5.386, pausing the real’s recent rally in a low‑liquidity session focused on external cues.
• ADP showed 41,000 private jobs added in December and JOLTS reported about 7.1 million openings in November, a mixed read that left Wall Street split and nudged Treasury yields lower.
• The U.S. Energy Department said Venezuelan oil sales have begun with proceeds held in U.S.-controlled accounts after President Trump’s announcement, pressuring oil and energy stocks.
• Rate markets saw only modest repositioning as traders awaited payroll and key Brazilian data, with Citi noting softer U.S. labor trends support expectations for Fed cuts during 2026.