The Ibovespa gained 0.3% to close at 144,873 on Wednesday, buoyed by strong mega-cap results and a rebound in key commodities. Vale climbed 2% after reporting its highest quarterly iron-ore output since 2018, up 3.4 million tonnes year-on-year to 94.4 million tonnes in Q3 2025, and iron-ore futures rallied on optimism around easing US–China trade tensions and potential Chinese stimulus. Meanwhile, state-owned Petrobras rose 1.6% as oil prices firmed, while industrial heavyweight WEG advanced 1.3% after reporting a robust Q3 profit of R$1.65 billion, up 4.5% year-on-year. Financial names also contributed, with major lenders trading higher and Ita