Brazil Stocks Hold Near Record Ahead of Fed and Copom Decisions
Brazil's Ibovespa index remains steady near 164,500 as investors await US inflation data and decisions from the Fed and Copom. Santander Brasil issued R$2.363 billion in subordinated financial bills. Brava's production fell 17.5% monthly, causing a 1% stock drop. Petrobras, WEG, and Axia saw slight gains, while Vale, Ambev, Itaú, and Bradesco declined. The PPI fell 1.82% year-on-year, marking the ninth consecutive negative reading.
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