Brazil: Ibovespa Closes the Week in the Red.

The Ibovespa fell 0.8% to close at 186,293 on Friday, as profit taking in heavyweights and persistent pressure in financials outweighed relief from softer US inflation and lower domestic rates. Vale dropped 2.8% after its 4Q25 results and weaker iron ore prices, while Banco do Brasil slid 2.3% and BB Seguridade plunged 9.6%, leading losses across the banking complex. Petrobras was broadly flat despite crude gains, as US sanctions relief for Venezuela reinforced expectations of ample global supply. The January US CPI came below the expectations, easing Treasury yields and pushing Brazilian DI rates lower. Retail sales are projected to post a ninth consecutive annual increase in 2025, albeit remaining below 2024 levels. The Ibovespa will resume trading on February 18th after the Carnival holiday.