2025.08.2114:13:38UTC+00Ibovespa Edges Lower Amid Trade Tensions

The Ibovespa index saw a modest decline of 0.2%, slipping below the 134,500 mark on Thursday. This movement came as market participants closely monitored the ongoing trade tensions between Brazil and the United States, as well as various political developments within Brazil. Internationally, the focus remained on the Federal Reserve’s annual gathering at Jackson Hole. Domestically, tax revenue data from July reflected a total of R$254.2 billion, marking a 4.6% increase compared to the previous year. This uptick was largely fueled by increased receipts from the Financial Transactions Tax. In the meantime, investors maintained a cautious stance ahead of Federal Reserve Chair Jerome Powell’s anticipated speech on Friday, which may shed light on potential interest rate cuts in the United States. From a corporate perspective, Petrobras experienced a slight decrease of 0.3%, Ambev dipped by 0.2%, while Vale saw a minor increase of 0.1%. Major banks experienced a downturn, Eletrobras rose by 0.7%, and Sabesp made notable gains with a 1.9% advance.