Ibovespa Hits 128,000 Points Amid Petrobras Surge and Lula’s Approval Decline

INSUBCONTINENT EXCLUSIVE:
for the week, driven by strong performances from blue-chip stocks like Petrobras (PETR4) and cyclical sectors
recommendation.The state-controlled oil company extended its gains after the Datafolha poll results, leading trading activity on the B3
stock exchange
Meanwhile, Caixa Seguridade (CXSE3) started the day as a top gainer after releasing solid fourth-quarter results.However, it lost momentum
and closed in negative territory
(Photo Internet reproduction)Cyclical stocks also led gains as interest rate curves flattened
Conversely, Suzano (SUZB3) faced pressure from the strengthening Brazilian real against the U.S
The U.S
dollar fell 1.29% to R$5.5962, its lowest level since November 7, marking a weekly decline of 1.68%.Globally, U.S
markets reacted to mixed economic data and geopolitical developments
Retail sales in the U.S
dropped 0.9% last month after a revised 0.7% gain in December, according to the Commerce Department.Economists had expected a smaller
decline of 0.1%
Despite this, Federal Reserve rate cut expectations remained unchanged, with September seen as the likely timeline for any adjustment.In New
York trading, the Dow Jones fell 0.37% to 44,546 points, while the S-P 500 dipped 0.01% to 6,114 points
The Nasdaq bucked the trend with a 0.41% rise to close at 20,026 points