São Paulo Stock Exchange (B3) Update on Dec. 21, 2025: Ibovespa Ends Week at 158,473 as 2026 Forecasts Reach 250,000
The Ibovespa closed Dec. 21 at 158,473.02, down 1.43% for the week, as election polls and hawkish Copom minutes weighed on sentiment. The dollar and euro rose over 2% against the real. Brava Energia led weekly gainers, while Direcional fell sharply post-dividend. Major banks project 2026 Ibovespa targets ranging from the high 100,000s to above 250,000, hinging on fiscal credibility and interest rates.