Brazilian stocks rally on US GDP revision and lower inflation

The Brazilian real weakened, with the commercial dollar slipping 0.47% to R$5.177, while the Ibovesma index rose 0.89% to 172,027.88 points after investors digested a third‑quarter estimate revision that raised U.S. first‑quarter 2026 GDP to an annualized 2.1%, above the prior 2% reading. Central Bank President Gabriel Galípolo’s remarks on monetary‑policy communication were also seen as supportive of a flexible stance.

In the same week the Ibovesma gained 2.98% overall. Retail chain Assaí (ASAI3) led gains, jumping 15.4% on easing domestic inflation and lower future‑rate expectations, while the petrochemical firm Braskem (BRKM5) plunged 16.7% after announcing a mediation process with creditors and filing a precautionary court request, prompting analysts to cut its target price dramatically. Brazil’s IPCA‑15 inflation indicator slowed to 0.41% in June, below forecasts, though the 12‑month rate rose to 4.8% and the probability of breaching the inflation target increased sharply.