INSUBCONTINENT EXCLUSIVE:
points.Stronger-than-expected United States inflation data, falling oil prices amid potential progress in Ukraine ceasefire talks, and
significant declines in banking stocks drove the downturn
Meanwhile, the dollar ended slightly lower at R$5.7631, a 0.08% decrease.Carrefour Brasil (CRFB3) led gains on the Ibovespa after its French
parent company, Carrefour S.A., proposed converting the Brazilian retailer into a wholly owned subsidiary, signaling its potential delisting
from the B3 exchange.TIM (TIMS3) also posted gains for the second consecutive session following its announcement of a share buyback program
shortly after releasing its fourth-quarter 2024 results.However, heavyweights like Petrobras (PETR4; PETR3) and Vale (VALE3) extended losses
Petrobras mirrored declining oil prices, while Vale remained under pressure.Ibovespa Drops Over 1% as Bradesco and Wall Street Weigh
The Consumer Price Index (CPI) rose 0.5% in January compared to the previous month and climbed 3% year-over-year, exceeding market
Currently, United States interest rates sit between 4.25% and 4.50%.Following the CPI release, financial markets shifted expectations for
rate cuts in 2025, now anticipating a single 0.25 percentage point reduction delayed from June to September.Powell acknowledged progress
Major United States indices reflected mixed sentiment.The Dow Jones fell 0.50% to close at 44,368.56 points, the S-P 500 dropped 0.27% to
6,051.97 points, while the Nasdaq edged up 0.03% to finish at 19,649.95 points.This mix of domestic and international pressures underscores
growing uncertainty in global markets
Investors continue to weigh inflationary trends and geopolitical developments.
