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Brazilian Markets React to Hawkish Central Bank Signals as Petrobras Drags Ibovespa Lower

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Brazil’s Ibovespa benchmark index fell 0.65% to 125,147 points on Tuesday, marking its second consecutive decline this month, as Petrobras (PETR4) shares slumped over 1% amid weaker-than-expected Q4 2024 production data. The dollar dropped 1.75% against the real to R$5.7724, extending its longest losing streak since the currency’s 1994 launch. Reuters reports Petrobras produced 2.628 […]