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2025-09-16 21:52:57
[Brazil Stock Indices Continue to Hit New Highs Awaiting Central Bank and Federal Reserve Decisions] ⑴ Brazil's Ibovespa index rose 0.6% on Tuesday, breaking through the 144,000-point mark and setting a new all-time high. Markets are focused on the Central Bank's Monetary Policy Committee (Copom) meeting. ⑵ The market generally expects the Central Bank of Brazil to maintain its benchmark interest rate, the Selic, at 15% on Wednesday. ⑶ Data showed Brazil's unemployment rate fell to 5.6% in the quarter ending July, the lowest since 2012 and at the lower end of market expectations. ⑷ The Federal Reserve will announce its interest rate decision on Wednesday, and the market is fully pricing in a 25 basis point rate cut to a range of 4.00%-4.25%, primarily due to weak labor market conditions and tame inflation. ⑸ Among individual stocks, Petrobras rose 0.4%, Vale rose 0.6%, Azul rose 2.2%, and Minerva rose 2.9%. ⑹ The share price of home improvement retail giant Casas Bahia surged by over 6%, becoming the leading stock of the day.
