The Ibovespa fell 0.8% to close at 145,306 on Thursday after touching a record in the prior session as weaker US markets and tightening domestic signals weighed on risk appetite. US Q2 GDP was revised sharply higher which lifted global yields and reduced demand for cyclical growth names, while domestic mid month inflation accelerated to 5.32% year over year strengthening the case for the Central Bank to keep policy restrictive for longer. At the sector level Petrobras was among the top laggards, down 1.8% amid falls in crude benchmarks. Major banks Banco do Brasil, Santander, Itausa, and Bradesco each lost between 1% and 1.5% and Cosan plunged 6.3% after HSBC cut its rating to moderate sell on weak earnings. Vale rose 0.6% after ship trackers showed a jump in iron ore exports while steel producers such as CSN and Gerdau traded lower amid softer global steel prices.