INSUBCONTINENT EXCLUSIVE:
index briefly surpassed 140,000 in early trading but reversed as fiscal caution and banking sector weakness outweighed gains in mining and
The US dollar dropped 0.75% to 5.4202 reais, its lowest level since August, reflecting strong foreign currency inflows.Fiscal uncertainty
The president described the move as necessary to ensure effective governance.These developments kept traders cautious, especially as the
banking sector, a heavyweight in the index, faced renewed pressure
Industrial production data released during the day showed a 0.5% decline in May from April, marking a second consecutive monthly
(Photo Internet reproduction)However, output rose 3.3% compared to May 2024, matching market expectations
A cyberattack on a technology provider affected six financial institutions, but authorities confirmed no impact on client accounts or
internal balances.Commodity-linked stocks provided some support
Iron ore prices closed above $100 per ton for the first time since May, lifting mining and steel companies
CSN led the winners, rising 6.13%, followed by Usiminas with a 5.37% gain.Bradespar and Vale also advanced, with Vale up nearly 4%
Petrobras shares climbed about 2% as Brent crude rose almost 3% to $69.11 per barrel
Magazine Luiza fell 6.59%, and Smartfit lost 6.06%
These declines reflected a broader move away from rate-sensitive stocks at the start of the month.Trading volume reached 801.7 million
shares, above recent averages, indicating active repositioning
No official data on ETF inflows or outflows appeared for the day, but foreign investors continued to favor large-cap and defensive
stocks.Global peers showed mixed results
The S&P 500 and Nasdaq set new records, while the Dow Jones edged lower
Technical analysis of the daily chart reveals the Ibovespa remains in an uptrend but faces resistance near 140,000.The 20-day moving average
supports the price, while the 50- and 200-day averages confirm the trend
The RSI stands near 57, indicating mild bullish momentum but not overbought conditions.The MACD shows a recent bullish crossover, though the
histogram suggests momentum is flattening
Bollinger Bands place the price near the upper band, signaling possible short-term resistance
Volume confirms the significance of the recent moves.The Ibovespa underperformed global benchmarks as local fiscal and regulatory risks
overshadowed commodity strength
