The Ibovespa jumped 1.5% to close at 136,528 on Friday as hopes for a government package to offset President Trump’s 50% tariff on Brazilian exports bolstered investor confidence and long-term rates fell sharply. News that Finance Minister Fernando Haddad will meet US Treasury Secretary Scott Bessent next week to seek tariff exemptions added to the relief, even as traders await detailed fiscal measures. Domestically, Eletrobras shares surged 8.8% on a bumper R$4 billion dividend payout, while major banks Banco Do Brasil, Santander advanced over 1% on resilient July credit data and a Central Bank statement confirming the Selic pause. Industrials such as Rede D'Or Sao Luiz (4.5%) and Suzano (1.3%) also outperformed after reporting solid Q2 results, and a stronger-than-expected rebound in June industrial production further underpinned the rally by pointing to gradual recovery in domestic demand.