Key Facts
The central bank lowered the Selic, its benchmark rate, by 25 basis points to 14.00% cementing expectations of a continued easing cycle and reshaping the carry-trade appeal of the real.
Petrobras reported a net profit of R$ 52.4 billion, a 97% jump powered by higher oil prices and increased production, setting the stage for a potential jumbo dividend.
Bradesco posted a tenth consecutive quarter of profit growth, with earnings reaching R$ 7.1 billion as its return on equity climbed to 16.2%, supported by healthier loan-loss provisions and falling defaults.
The Ibovespa’s three-day losing streak leaves it well below its 52-week high with the board indicating a test of psychological support levels as the index opens in negative territory.
