FX.co ★ Brazil Stocks Hold Near Record

The Ibovespa was stable around the 164,500 mark on Friday as investors anticipated U.S. inflation figures that could influence expectations for a Federal Reserve rate cut in the coming week, coinciding with the Copom decision. Confidence remains robust that the data will not disrupt the Federal Reserve's trajectory toward easing. In corporate developments, Santander Brasil remained unchanged after issuing R$2.363 billion in subordinated financial notes to bolster its core capital. Brava declined by over 1% after experiencing a 17.5% drop in monthly production. Meanwhile, Petrobras (+0.2%), WEG (+0.5%), and Axia (+0.7%) saw gains, whereas Vale and Ambev saw slight decreases. Among the major banks, Itaú fell by 0.2%, and Bradesco dropped by 0.4%. On the macroeconomic front, the Producer Price Index (PPI) decreased by 1.82% year-over-year, marking the ninth consecutive negative reading.