The Ibovespa fell 0.7% to below 136,000 on Thursday, amid softer bets of Fed rate-cuts and pessimistic corporate earnings. In Brazil, the “Sovereign Brazil” plan and a R$30 billion credit line for companies raised fiscal concerns, pushing up long-term interest rates. Data showed services grew 0.3% in June, hitting a record and beating forecasts. Earnings drove market moves: Casas Bahia (-6.7%) posted a Q2 net loss of R$555 million, reversing last year’s R$37 million profit; JBS (-3.6%) saw adjusted EBITDA fall 7.4% to US$1.75 billion, with US tariffs weighing on meatpackers; Ra