Ibovespa Rises on Stronger Services Data


‘,
buttonPrevHTML: ”,
};

function adaptBreadcrumbs() {
let breadcrumbs = document.querySelectorAll(‘#header-breadcrumbs’);

for(i = 0; i < breadcrumbs.length; i++) {
let title = breadcrumbs[i].querySelector(‘.breadcrumbs-title’);
let btns = breadcrumbs[i].querySelector(‘.btn-container:last-child’);

if(btns && btns.children && btns.children.length) {
if(parseInt(title.getBoundingClientRect().top + title.getBoundingClientRect().height / 2) == parseInt(btns.getBoundingClientRect().top + btns.getBoundingClientRect().height / 2)) {
title.style=”flex-grow:1;”;
} else {
title.style=”flex-grow:0;”;
}
} else {
title.style=”flex-grow:1;”;
}

}
}

window.addEventListener(‘resize’, adaptBreadcrumbs);
document.addEventListener(‘DOMContentLoaded’, adaptBreadcrumbs);

The Ibovespa rose 0.7% to close at 174,070 on Friday as investors digested May industrial production figures and June services PMI data. The S&P Global Services PMI indicated that the sector expanded at a slightly faster pace in June amid improving demand, bolstering domestically oriented stocks.

Retail names led the advance, with Ultrapar up 3.5% and Magazine Luiza gaining 4.2%. Financials also traded higher, as Itaúsa added 0.7% and B3 climbed 1%.

In commodities, oil prices hovered near pre-conflict levels on optimism surrounding potential US-Iran peace efforts, easing fears of energy-driven inflation. Petrobras advanced 0.8% despite softer crude prices, supported by the inauguration of its Pre-Salt Technology Center, a semi-industrial-scale research facility built with R$300 million in funding.

On the macro front, industrial production increased just 0.2% year-on-year in May, sharply undershooting expectations for a 1.3% rise. Investors also kept an eye on the United States’ decision to launch a public consultation on Brazil’s trade policies and practices.




Source link

Scroll to Top