Key Facts
The Ibovespa fell 1.52% to 174,042, its steepest drop in over a week, dragged lower by heavy selling in oil giant Petrobras and a subdued session for iron-ore exporter Vale.
The Brazilian real was little changed at 5.0873 per dollar, holding its ground after three straight central-bank rate cuts left the Selic at 14.25%, keeping Brazil’s carry-trade appeal intact for now.
Petrobras preferred shares lost 2.4% while common shares shed 1.7%, making the state-controlled oil producer the session’s biggest drag as crude prices eased and investors locked in recent gains.
Trading volume concentrated in commodity and financial heavyweights, with Petrobras, Vale and stock-exchange operator B3 alone accounting for nearly a quarter of the day’s total turnover.
