Brazil Stock Market Week Ahead: Ibovespa steadies near 161k as Selic guidance, politics and Petrobras strike shape B3 outlook (Updated 14 Dec 2025)
The Ibovespa closed at 160,766 on December 12, up 1.63% for the week, recovering most of the previous Friday’s sharp drop. Brazil’s central bank held the Selic rate at 15% for a fourth meeting, maintaining a hawkish stance and offering no timeline for cuts. Investors remain sensitive to political developments and rate guidance. Heavyweights Petrobras and Vale tracked global commodity shifts.