Key Points
The Ibovespa gave back Tuesday’s bounce, slipping 0.70% Wednesday to 168,619 and settling back near its key long-term support line.
The real held steady but weak, with the dollar near 5.18 reais, parked close to its strongest level against the real in months.
US inflation climbed to a three-year high of 4.2% over the past year — but the jump was almost entirely down to higher energy prices, not a broad price surge.
Underlying inflation was actually mild, a reassuring sign that the oil-driven spike has not yet spread through the wider economy.
