empty
 
 

27.10.202520:21:40UTC+00Ibovespa Reaches Record High

The Ibovespa index advanced by 0.6%, reaching a new record high of 146,969 on Monday. This upswing was attributed to positive sentiment following the meeting between former U.S. President Donald Trump and Brazilian President Luiz Inácio Lula da Silva at the ASEAN summit in Malaysia. During the talks, President Lula indicated that Trump had "guaranteed" a bilateral trade agreement aimed at suspending the existing 50% tariffs on certain U.S. products. Additionally, U.S. Treasury Secretary Scott Bessent highlighted a "very successful framework" for the discussions between Trump and China's President Xi Jinping, further boosting global risk appetite. Investors interpreted these developments as a definitive reduction in tariff-related risks, with the anticipated deal potentially including a postponement of China's restrictions on rare earth exports, the avoidance of the planned 100% tariffs, and a resumption of Chinese purchases of soybeans. This market optimism was reflected in the banking sector, where Banco do Brasil's shares rose by 1.7% and Banco Santander Brasil saw an increase of 1.1%. Cyclical stocks also outperformed, with notable gains observed in Marfrig, which jumped 7%, Magazine Luiza, which rose by 5.6%, and Companhia Siderúrgica Nacional, climbing 3.7%.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback