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17.12.202521:23:07UTC+00Ibovespa Closes at 3-Week Low

On Wednesday, Brazil’s Ibovespa index dropped by 0.8%, closing at 157,300—its lowest point since November 25th. This downturn occurred during a session affected by options expiration. Investors were keenly evaluating the future of monetary policy in both the United States and Brazil. Politically, focus started to shift toward the next year's elections, with increasing indications that Flávio Bolsonaro is expected to enter the presidential race. Bank stocks faced downward pressure: Banco do Brasil fell by 0.7%, Banco Santander Brasil decreased by 2.2%, Banco Bradesco slipped by 1.1%, and Banco Itaú Unibanco dropped by 1.2%. Additionally, Embraer saw a decline of 2.6%. Conversely, Vale rose by 0.6% and Petrobras advanced by 0.9%, thanks to rising prices in iron ore and oil.

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