Nvidia Beat Leaves Tech Rally Uneven as Brazil’s Real Hits 21‑Month High and Yields Ease

Overview

• Nvidia reported revenue and profit above expectations, yet U.S. stocks opened mixed with technology shares softer and financials firmer as investors reassessed the AI trade.
• The dollar fell to R$5.125, its weakest level in 21 months, as foreign flows supported the real and the Ibovespa briefly set an intraday peak above 192,000 before closing slightly lower on profit‑taking and earnings reactions.
• Brazil’s fixed income rallied after a well‑bid 1.5 million NTN‑B sale, pulling long‑dated rates lower and driving the DI Jan‑2031 close below 13% for the first time since early December 2025.
• FGV data signaled mixed domestic momentum, with commerce confidence down 4.0 points to 87.3 and services off 0.7 to 90.2, while industry rose 0.6 to 96.7 and the IGP‑M fell 0.73% in February, leaving a 12‑month decline of 2.67%.
• European equities notched fresh records in Paris and Frankfurt on corporate results as tech shares lagged slightly, oil prices eased, and U.S. jobless claims came in at 212,000, near expectations.