FX.co ★ Ibovespa Advances for 2nd Session

The Ibovespa index increased by 0.6% to close at 145,721 on Thursday, marking its second consecutive session of gains, bolstered by easing external risks and notable gains in the energy sector. The announcement from the White House regarding President Trump's upcoming meeting with President Xi next week helped alleviate bilateral trade concerns, giving a boost to risk assets. Concurrently, the banking sector gained momentum following JPMorgan's indication of anticipated steady, though not outstanding, performance in the third quarter. The bank highlighted that agribusiness loans present challenges, particularly for Banco do Brasil, while non-performing loans and risk costs might see a slight increase but are expected to remain at manageable levels. Loan growth has surpassed expectations thus far in 2025, although a deceleration is anticipated in the third quarter. In the energy sector, Petrobras saw a 0.5% rise, driven by higher oil prices. Mega-cap WEG surged by 3.5%, continuing its upward trajectory following a robust third-quarter performance reported on Wednesday.