The Ibovespa reversed early session losses to close 0.2% higher at a fresh 141,264 record on Friday, buoyed by a Supreme Court ruling that suspended both the Executive’s and Congress’s IOF-tax measures, removing a significant fiscal cloud, and by a divergence between cooling activity and central-bank guidance.
May’s PPI plunged 1.29%, and industrial output slipped again under a still-restrictive 15% Selic, yet traders focused on the bank’s pledge that rate cuts will hinge on durable disinflation rather than transient weakness. Heavyweights Ambev, WEG, Eletrobras, and B3 led the advance, each adding over 0.9%, while exporters braced for July?9th tariff notices from Washington. Lighter volumes amid the US holiday and the newfound political clarity on IOF were enough to cement the benchmark’s climb, cementing a weekly advance of 3.2%.
