2025.04.2520:25:14UTC+00Ibovespa Edges Higher on Friday

The Ibovespa index saw a modest uptick of 0.1%, closing at 134,739 on Friday. This movement came as market participants digested new inflation data, evolving trade developments on the global stage, and a series of lackluster earnings reports. Among the standout performers were industrial leader WEG and meat producers JBS and BRF, with gains ranging from 2.1% to 4.4%. However, mining giant Vale experienced a decline of 2.4%, following an announcement of a 17% decrease in first-quarter profits compared to the previous year. The mid-month IPCA-15 inflation gauge for April showed a year-on-year increase of 5.49%, which aligned with forecasts but remained high enough to bolster expectations that Copom will continue raising interest rates, thereby maintaining stringent lending conditions. Meanwhile, initial indications of potential tariff reductions between the U.S. and China did little to alleviate widespread market uncertainty, causing many investors to remain cautious. Despite the restrained advance on Friday, the Ibovespa ended the week with a robust 3.9% gain.