Brazil Stocks Hit Fresh Records as Foreign Inflows Swell in Best Week Since 2020

Overview

• Ibovespa closed at 178,858 (+1.86%) after briefly topping 180,000 intraday, sealing an 8.53% weekly gain, the strongest since April 2020.
• Foreign investors bought a net R$12.35 billion of Brazilian equities in January through Jan. 21, the fastest monthly pace since late 2023.
• Global rotation toward emerging markets followed President Trump’s rollback of tariff threats and a moderated stance on Greenland, reducing perceived tail risk.
• Petrobras and Vale advanced with higher oil and iron ore prices, reinforcing commodity-led leadership in the index’s climb.
• The real traded near R$5.28 and longer-dated local yields eased modestly as risk premia fell, with traders focused on upcoming Fed and Copom decisions.