Ibovespa Climbs as Global Stocks Rebound


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The Ibovespa rose 1.2% to close at 172,742 on Thursday, in line with the upbeat mood in global equity markets. A rebound in major chipmakers supported gains worldwide, while falling oil prices improved risk appetite as investors largely shrugged off renewed tensions between the US and Iran. Financials led the advance, with Itaú and Bradesco up 1.7%, Itaúsa gaining 1.9%, and Banco do Brasil climbing 2.4%. Most utilities also traded higher, highlighted by a 2.6% rise in Sabesp. Axia was a notable outlier, dropping 2.7% after Goldman Sachs cut its adjusted EBITDA projections for the second quarter. Among other strong performers, Rede D’Or added 3.1% and Embraer gained 2.9%. In contrast, Petrobras slipped 1.4% as oil prices pulled back from earlier highs.




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