INSUBCONTINENT EXCLUSIVE:
The Ibovespa benchmark index soared 2.64% to 128,957.09 points on March 14, marking its highest level of 2025 and securing a weekly gain of
3.14%.Market analysts attributed this strong performance to a combination of domestic and international factors
Brazilian real strengthened significantly against the US dollar
The exchange rate fell 0.98% to R$5.7433, representing a weekly decline of 0.81% for the American currency
Vale (VALE3) jumped 3.6% to R$67.42 as iron ore prices climbed on renewed Chinese demand expectations
and Magazine Luiza Lead 2.64% Rally
The retailer skyrocketed 13.7% to R$4.82 after reporting a 37% year-over-year increase in adjusted net profit for Q4 2024
Despite slightly missing some analyst expectations, improving operational metrics impressed investors.Other notable gainers included CSN
Azzas 2154 (AZZA3) dropped 15.3% amid reports of potential management discord less than eight months after the Arezzo&Co and Soma merger.The
positive Brazilian market performance contradicted previous global trends
Wall Street indices recovered Friday but registered weekly losses
The Dow Jones experienced its largest weekly decline since March 2023.Investors now await the Federal Reserve meeting next week
