29 October 2025, 17:26  Brazil: Ibovespa Hits Record on Earnings Optimism.

The Ibovespa rose over 0.5% toward 148,500 on Wednesday, hitting a new record high amid upbeat corporate news ahead of the US Fed’s rate decision. Santander advanced 1.9% after posting an adjusted net profit of R$4.01 billion in Q3, up 9.4% year over year and above forecasts. Bradesco traded 0.8% higher ahead of its results, expected to confirm continued operational recovery. Genial Investimentos projects recurring profit of R$6.3 billion, while JPMorgan sees improving profitability. Vale climbed 1% ahead of its earnings release, with analysts forecasting stronger revenues. Ambev was flat, and Gerdau rose 1%, both set to report next week; Gerdau is seen posting higher revenue but weaker profit. Axia Energia gained 1% after agreeing to acquire Juno Participacoes, the controlling shareholder of Tijoa Energia, for R$247 million, securing control of the Tres Irmaos hydro plant. Fleury rose 0.3% after announcing the R$34 million purchase of Laboratorio Sao Lucas.

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