[Brazil] - Brazilian Stocks Post 5% January Gain, Breaking Four-Month Losing Streak

INSUBCONTINENT EXCLUSIVE:
The Ibovespa index rose 5.03% over the month, signaling renewed investor confidence in the Brazilian economy.On January 31, the Ibovespa
fell 0.61% to 126,134.94 points, influenced by negative sentiment from Wall Street
against the U.S
dollar
The greenback closed at 5.8366 reais, marking its tenth consecutive day of decline
January saw a substantial 5.56% depreciation of the U.S
December, slightly above expectations
Despite this, the annual average unemployment rate for 2024 fell to 6.6%, down from 7.8% in 2023, marking the lowest annual rate since
January Gain, Breaking Four-Month Losing Streak
markets
While American indices closed the month with gains, they faced challenges in the final week.The Nasdaq rose about 1.5% in January, while the
S&P 500 and Dow Jones saw more substantial increases of 2.6% and 4.7%, respectively
As Brazil enters February, investors will closely watch global economic developments.They will also pay attention to domestic policy
decisions
The positive start to the year provides a foundation for potential further gains, but challenges remain in an uncertain global economic
landscape.