The Ibovespa fell 1% to trade below 161,000 on Tuesday, erasing the previous session’s strong gains, as investors digested the minutes from Brazil’s latest central bank meeting while looking ahead to key US payrolls data. The minutes struck a broadly positive tone but emphasized that inflationary pressures remain adverse, reinforcing caution in local markets. Abroad, investors awaited US labor data for clues on the Federal Reserve’s policy path next year. Petrobras dropped more than 1% as oil prices slid on prospects of a Russia-Ukraine peace deal that could ease sanctions. Utilities also weakened, with Axia down 1%, while banks traded lower, led by Ita