The Ibovespa edged up 0.1% to close at 119,007 on Monday, bolstered by gains in Petrobras and banking stocks despite persistent global risk aversion stemming from uncertainty over U.S. interest rate policy. A decline in Brazil's future interest rates signaled easing monetary policy pressures, offering additional support. Although inflation projections for 2025 and 2026 were revised upward, confidence in Brazil's economic outlook remained resilient, underpinned by key governmental dialogues, including President Lula's engagement with financial authorities. Globally, investor sentiment was cautious ahead of major macroeconomic events, particularly the upcoming U.S. CPI report.
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