INSUBCONTINENT EXCLUSIVE:
below market expectations of 1.35%.Investors welcomed the slower-than-expected inflation as it reduced fears of more aggressive monetary
billion.Magazine Luiza (MGLU3) and LWSA (LWSA3) followed closely, rising 7.42% and 7.14%, respectively, as investors showed renewed
confidence in retail and tech sectors
On the downside, MRV Engenharia (MRVE3) dropped 4.67% to R$5.10 amid concerns over rising borrowing costs affecting real estate demand.Yduqs
(YDUQ3) and Hapvida (HAPV3) also posted significant losses, falling 4.42% and 4.48%, respectively, as weak consumer sentiment weighed on
education and healthcare stocks.The Brazilian real remained stable against the United States dollar, closing at R$5.75 after briefly
surpassing R$5.80 earlier in the day
Higher as Inflation Eases Concerns and Global Markets Waver
(Photo Internet reproduction)Globally, markets offered mixed signals
In the United States, the Dow Jones gained 0.37%, while the S-P 500 and Nasdaq fell 0.47% and 1.35%, respectively, as investors awaited
In Asia, geopolitical tensions and rising energy costs kept most indices subdued.Commodities also faced pressure, with crude oil prices
falling 2.26% to $69.10 per barrel
Gold dropped 1.13% to $2,929 per troy ounce
ETF flows reflected cautious sentiment; Brazil-focused ETFs like BOVA11 saw outflows of R$50 million, while international funds mirrored
similar trends with limited inflows.Technically, Ibovespa remains below its 50-day moving average but held its support level near 125,000
The Relative Strength Index at 42 suggests the index is nearing oversold territory, offering potential for recovery if global conditions
stabilize.Investors now look ahead to further economic data and geopolitical developments for direction
