The Ibovespa rose 1.6% to close at 157,749 on Tuesday, marking its fifteenth consecutive session of gains and a fresh record high as easing inflation and solid corporate results underpinned the rally. Brazil’s headline inflation eased to 4.68% year on year in October, below consensus yet still slightly above the Central Bank’s 4.5% upper tolerance band, which has increased market bets that rate cuts could start in the first quarter of next year. That development partly offset the cautiously hawkish tone of the central bank minutes, which flagged risks from demand driven services inflation. Corporate news added support with Itausa up 2.7% after net income rose 6% year on year and BTG Pactual gaining 2.5% after adjusted profit climbed to R$4.54 billion from R$3.21 billion a year earlier; B3 advanced 3.4% ahead of its results. On the downside Oi was officially delisted after bankruptcy proceedings, leaving it down 35.7% in the previous session.