bovespa Rises on Energy and Mining Gains
The Ibovespa gained 0.5% to close at 187,197 on Thursday, supported by energy and mining stocks. Petrobras rose 1.3% as the oil rally accelerated after reports that the US is sending a third aircraft carrier strike group to the Middle East. Vale gained 0.6% during a session without iron ore trading in China due to the Golden Week holiday. Major banks ended mixed amid elevated global bond yields and energy-driven inflation concerns. Banco do Brasil fell 0.2%, while Bradesco rose 0.3%. Itaú and Santander declined 0.3% and 3%, respectively. Retail stocks performed well, with Magazine Luiza extending gains from the previous session to rise 1.5%. Azzas jumped 7% amid new proposals for Farm. Meanwhile, Datafolha is due to release a new election poll after the bell. Globo will also host a debate among presidential candidates at night, marking the end of the campaign. Senator Flávio Bolsonaro confirmed his attendance, while President Lula is unlikely to attend.
5% to close at 187,197 on Thursday, supported by energy and mining stocks. 3% as the oil rally accelerated after reports that the US is sending a third aircraft carrier strike group to the Middle East. 6% during a session without iron ore trading in China due to the Golden Week holiday. Major banks ended mixed amid elevated global bond yields and energy-driven inflation concerns.
3%. 3% and 3%, respectively. 5%. Azzas jumped 7% amid new proposals for Farm.
Meanwhile, Datafolha is due to release a new election poll after the bell. Globo will also host a debate among presidential candidates at night, marking the end of the campaign. Senator Flávio Bolsonaro confirmed his attendance, while President Lula is unlikely to attend.