The Ibovespa index in Brazil showed positive momentum on Thursday, buoyed by significant stocks like Petrobras and Vale.
As of 11:30 AM in Brasília, the index had climbed by 0.57% to reach 126,878 points. Simultaneously, the dollar's value rose by 0.55%, trading at R$ 4.93.
Investors are reacting to U.S. inflation data, which met expectations, suggesting the Federal Reserve's current monetary policy may be adequately restrictive.
This speculation is fueling discussions about potential interest rate cuts by the Fed in the coming year.
The core Personal Consumption Expenditures (PCE) Index, a. . .
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