INSUBCONTINENT EXCLUSIVE:
The Ibovespa index maintained its position above 119,000 points, buoyed by strong performances from major banks and Vale
This stability followed the release of inflation data from the United States, which eased market concerns.On Tuesday, January 14, the
Ibovespa closed up 0.25% at 119,298.67 points
Meanwhile, the dollar ended trading at R$ 6.0464, reflecting a decline of 0.85%.Domestically, Finance Minister Fernando Haddad announced
plans to wait for the election of new leaders in the Chamber of Deputies and the Senate before proposing changes to the Income Tax
These elections are scheduled for February 1.Haddad also confirmed that Lula directed the government to maintain income tax exemptions for
individuals earning up to two minimum wages, or R$ 3,036, in the 2025 budget.Ibovespa Holds Steady at 119,000 Points with Support from Major
higher as trading approached its conclusion
Cyclical stocks experienced a brief uptick due to falling interbank deposit rates amid moderate inflation data from the United States.Market
MovementsPetz (PETZ3) emerged as a standout performer within the Ibovespa
of America noted a possibility of a short squeeze, suggesting that investors betting against Petz may need to buy shares to cover their
Shares of Petrobras (PETR4; PETR3) also reversed previous gains due to fluctuations in oil prices.In the United States, Wall Street reacted
to weaker-than-expected Producer Price Index (PPI) data
the past year leading up to December, the PPI rose by 3.3%, compared to a 3.0% increase in November
