Ibovespa gains 0.66% to 172,457.76 points on Friday

Brazil's Ibovespa ended Friday, November 13, at 172,457.76 points, up 0.66% from Thursday's close of 171,324.31 points. The benchmark gained 2.35% over the week as investors weighed the government's fiscal measures and a new set of corporate results.

UOL reported that the recovery was supported by Petrobras and large banks while investors evaluated the fiscal package approved in an initial Senate vote. The proposal was viewed as falling short of earlier market expectations, leaving attention focused on the measures that will ultimately be approved and implemented.

Fiscal package remains in focus

The session's advance came despite continued caution over Brazil's public finances. The fiscal package was presented as a step toward containing spending, but investors continued to seek greater clarity on its impact on the government's debt trajectory and economic policy.

Third-quarter earnings also contributed to the day's tone. According to Valor Economico, Petrobras and Itaú were among the highlights, alongside shares linked to Brazil's domestic economy. The index traded between 171,132 and 172,715 points during the session, while financial turnover reached 18.6 billion Brazilian reais on the Ibovespa.

Wall Street offered a mixed backdrop

US markets provided no uniform signal. The Nasdaq fell 0.91% and the S&P 500 declined 0.40%, while the Dow Jones rose 0.10%. The mixed international backdrop left Brazil-specific developments, including corporate earnings and the fiscal debate, central to the session.

The Ibovespa's weekly gain marked a partial recovery after earlier losses linked to political and fiscal uncertainty. Investors now face the next stages of the fiscal package's legislative process and further corporate disclosures as they assess whether the rebound can broaden.

More coverage is available on the Ibovespa topic page.