On a Friday filled with optimism in the US, Wall Street indices climbed despite a stronger than expected March jobs report, showcasing a robust addition to the workforce.
Contrarily, Brazil’s Ibovespa index took a downturn, dropping by 0.50% to settle at 126,795.41 points, resulting in a weekly loss of 0.96%.
This scenario complicates the inflation outlook, potentially delaying any rate reductions.
In Brazil, market movements were notably impacted by major companies.
Petrobras ended the day on a positive note amidst speculations of a management change, while Vale faced a decline due to falling iron ore prices.
Meanwhile, B3 experienced a rise, and 3R Petroleum saw a drop despite an increase in its proven reserves.
One standout was IRB, which surged following an upgraded recommendation from a significant bank.
This mix of performances reflects the market’s sensitivity to both domestic and international economic signals.