Brazil’s benchmark Ibovespa index posted a solid gain, rising 0.87% to close at 171,990 points on June 25.
The broad-based rally marked a reversal of recent selling pressure, driven by improved sentiment around the country’s inflation outlook.
Investors responded positively to a softer-than-expected inflation print, which helped ease concerns about persistent price pressures in the Latin American economy.
The market move was supported by data from Brazil’s official Focus survey, which ended a 15-week streak of rising inflation forecasts.
Analysts held their projections for the IPCA consumer price index steady, alongside stable expectations for the Selic benchmark interest rate.
This stabilization in macroeconomic indicators provided a clearer path for monetary policy, reducing uncertainty for equity investors.