The Ibovespa rose 1.7% to over 157,500 on Tuesday, a fifteenth consecutive session of gains to a new record high amid signs of lower inflation and positive corporate earnings. The Brazilian headline inflation rate was at 4.68% annually in October, below forecasts to approach the central bank's upper tolerance band of 4.5%, to support expectations that the BCB may start its cutting cycle in the first quarter of next year. The development countered the cautiously hawkish tone in the BCB minutes, which warned against demand-driven services inflation. Meanwhile, Ita