The Ibovespa rose 0.6% to close at a fresh record of 150,454 on Monday, supported by fresh corporate news. The central bank’s Focus Bulletin showed 2025 inflation forecasts were revised down for the sixth straight week to 4.55% from 4.56%, reflecting softer price signals and supporting a backdrop for rate cuts next year. Major banks advanced on hopes of improved credit, with Banco do Brasil, Santander, Bradesco and Itausa adding between 0.5% and 1.1%. Ambev gained 1%, WEG jumped 1.8% and Eletrobras added 0.8%. Azul rose 2.6% after securing a creditor agreement in its Chapter 11 process. Petrobras inched up 0.5% after OPEC+ downplayed plans for large output hikes in the first quarter of next year. Conversely, Vale fell 0.6% as iron ore prices slipped in China, Raizen slipped 1% after announcing a corporate reorganization and Rede D’Or lost 1% following the sale of its stake in GSH Corp.