The Ibovespa fell 0.2% to close at 141,800 on Thursday, ending a two-day rally after lawmakers rejected a proposal to raise the financial transactions tax, easing concerns over fiscal expansion. Brazil’s monthly and annual CPI readings came in below expectations, although electricity prices spiked following the end of the Itaipu bonus. Investor sentiment was also weighed down by political developments, as Finance Minister Fernando Haddad said the government would take time to consider alternative strategies to support the national budget after a setback in Congress. Sector performance was mixed, with financials and utilities showing resilience while industrials and materials lagged. Among individual stocks, Panatlantica led the decline, dropping 8%, while B3 SA Brasil Bolsa Balc