Ibovespa Marks Historic High | Forex News 2026.02.20 (en)


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The Ibovespa advanced 1.1% on Friday to close at a new record high of 190,534, reversing earlier losses after a landmark ruling by the US Supreme Court against global tariffs triggered a late-session relief rally. The court struck down reciprocal duties, easing an important obstacle for Brazilian exports, but the upside was limited when President Trump immediately responded by imposing a new 10% global tariff via executive order.

Among index heavyweights, Vale gained 2.7% as iron ore prices found support. Major banks Banco do Brasil, Santander Brasil, and Bradesco each rose around 2%, helped by the decline in trade-related legal uncertainty. In contrast, Petrobras slipped 0.7% as oil prices trimmed earlier gains, while Ambev lost 1.1% amid concerns over consumer demand.

Even with a weaker US GDP reading of 1.4% and persistently firm 3% core PCE inflation keeping the Federal Reserve cautious, Brazil’s benchmark index still recorded a robust 2.2% advance for the week.




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