11.12.202513:40:33UTC+00Ibovespa Declines as Copom and Fed Offer No Forward Guidance

The Ibovespa index decreased by approximately 0.5%, falling below the 158,500 mark on Thursday, as investors reevaluated their positions in light of the Central Bank of Brazil's decision to maintain the Selic interest rate at 15% without providing any indication of future adjustments. Internationally, the Federal Reserve reduced interest rates by 25 basis points, setting them within a 3.50%–3.75% range, yet it too offered no explicit direction concerning upcoming actions. Significant banking institutions saw declines, with Banco do Brasil decreasing by 0.5% and Caixa Econômica dropping by 0.7%, while Itaú and Bradesco experienced slight losses. The utilities sector underperformed, notable with Axia falling over 1% and Sabesp declining by 0.7%. Oil company Petrobras saw a 0.6% decrease due to weakened oil prices, and mining giant Vale fell by 0.3% as iron ore prices sagged. Meanwhile, WEG's shares dipped by 0.3%, despite announcing the acquisition of the Indian firm Sanelec, expected to achieve a 29% EBITDA margin in 2024.