INSUBCONTINENT EXCLUSIVE:
climbed by 0.65%, reaching 127,351 points, an increase of 825 points.Despite this, it remains down by 0.59% for the month
May 1st.Market optimism surged last Friday as investors increased their risk exposure
Attention is now on the potential impact of U.S
next COPOM meeting on May 7-8 or settle for a more conservative 25-point reduction.Ibovespa Climbs Amid Global Earnings Season
uncertainties continue as new U.S
autonomous vehicles in China
However, major indexes later wavered and ended near stability.Casas Bahia (BHIA3) significantly outperformed other stocks, soaring 34.19%
after announcing plans for extrajudicial recovery.This comes amid $4.1 billion ($795.15 million) in debt, supported by its main creditors,
Bradesco and Banco do Brasil.According to Gustavo Senday, a retail analyst at XP, the recovery plan will provide short-term financial
relief, facilitating operational adjustments like store closures and inventory reduction.Other market highlights included Hypera (HYPE3),
robust profit dynamics and solid governance.Ongoing Tax Reform Discussions in BrazilIn the political realm, tax reform and fiscal issues
remain central, with intense discussions ongoing in Brazil.Bernard Appy, the special secretary for tax reform, indicated that the proposed
tax changes on consumption could lower the average tax rate by eliminating benefits worth about 2% of GDP.However, challenges persist as
Senator Daniella Ribeiro plans to adjust the Perse program for inflation.This could potentially increase the fiscal impact of these tax
incentives, a concern for Finance Minister Fernando Haddad.This development coincides with the government reporting a worse-than-expected
