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2025.12.1714:06:17UTC+00Ibovespa Retreats to Three-Week Low

Brazil’s Ibovespa index experienced a decline of over 1% on Wednesday, dipping below the 157,000 threshold for the first time in approximately three weeks. This downturn occurred during a session characterized by options expiration. Major banking institutions were among the top decliners, with Banco do Brasil decreasing by 1.8%, Banco Bradesco slipping 2.3%, and Itaú Unibanco falling by 1%. The education and steel sectors also saw declines, including stocks of Cogna Educação, Companhia Siderúrgica Nacional, and Usiminas, all dropping by 2.5%. Conversely, there were gains in certain areas: Vale increased by 0.8%, and Petrobras rose by 0.6%, buoyed by rising iron ore and oil prices. Additionally, Embraer registered slight gains, going up by 0.2%.

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