Key Points

The Ibovespa jumped 0.64% on Thursday to 172,788, touching a one-month high above 174,000 before easing back, as a weak US jobs report lifted the mood.

The United States added just 57,000 jobs in June, roughly half what was expected, cooling fears that American interest rates might rise.

Softer US data pushed down American borrowing costs and pared back bets on a rate hike, a helpful backdrop for emerging markets like Brazil.

The real held its ground, with the dollar steady near R$5.21, still anchored by the 14.25% Selic rate.