Ibovespa Lacks Direction at Week's Start
The Ibovespa fell 0.1% to 178,721, pausing its rally as investors awaited key monetary policy decisions. The Central Bank is expected to maintain the Selic rate at 15%, while the Fed is also likely to hold rates steady. Mixed sector performance saw banks rise, with Banco Do Brasil up 0.5%, Bradesco and Itaúsa both up 1.3%. Petrobras gained 0.6% after announcing R$2.9 billion in investments, while WEG surged 3.1% with its new rare-earth magnet project. Vale dropped 2.5% due to weaker iron ore prices.
Trading Economics·