The Ibovespa inched higher to trade near 149,000 on Friday, a new intraday record, supported by some upbeat corporate results and low unemployment. Vale rose 0.3% after posting 3Q25 net profit of US$2.68 billion, up 11% year-on-year, above the $2.1 billion projection. Azul advanced 3.6% on 3Q25 adjusted EBITDA of R$613.8 million and total revenue of R$1.831 billion, with an operating margin of 20.6% and EBITDA margin of 33.5%. Irani gained 1.6% after 3Q25 net profit rose 5.3% to R$42.1 million, with adjusted EBITDA up 15.9%. Vulcabras jumped 4.4% as recurring net profit grew 11.6% and unadjusted profit nearly tripled. The unemployment rate remained at a record-low 5.6% for the quarter ended September, supporting market optimism. On the downside, Gerdau fell 1.3% after 3Q25 adjusted net profit declined 23.9% to R$1.09 billion. Vivo lost nearly 3% despite positive results, while Multiplan dropped 2.2% and Marcopolo fell 5.5% on weaker-than-expected profits.