The Ibovespa hovered above the flatline at the 121,300 level on Friday, setting the São Paulo exchange on track for a weekly gain of over 2% as investors digested a range of external economic data, including stronger-than-expected fourth-quarter GDP figures from China, while also adjusting positions ahead of Donald Trump's inauguration as the next U.S. president. Chinese demand-linked equities, notably mega-cap Vale, gained over 1%, buoyed by data showing China's economy grew robustly in the final quarter of 2024, meeting the government's annual growth target of 5%. Meanwhile, markets remain cautious to Trump's imminent return to the White House, with expectations of a flurry of executive orders upon his swearing-in on Monday. On the downside, Ambev, B3, and Localiza led decliners, with losses ranging from 1.7% to 2.5%.
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