Key Facts
The Ibovespa surged 2.97% to 177,866.37 points, its strongest close since 14 May 2026, with over 98% of index constituents rising in a broad-based rally.
The Brazilian real barely moved, last trading near 5.1075 per dollar, confirming that the repricing was driven entirely by domestic interest-rate expectations rather than currency relief.
Rate-sensitive cyclicals led the charge, with retailers Magazine Luiza and Cogna surging over 7% and 6% respectively, and large-cap banks Bradesco and BTG Pactual jumping more than 4.5%.
Industrial laggards bucked the trend, as WEG slumped 4.56% and iron-ore giant Vale lost 2.06%, though they were among the few decliners in a sea of green.
