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Brazil's Ibovespa Retreats from Record High as Banking Sector Drags Market

Summary by The Rio Times
The Brazilian stock market closed at 139,187 points on Friday, May 16, 2025, declining 0.11% after reaching an all-time high the previous day. Despite this minor setback, the Ibovespa index posted impressive weekly gains of 1.96%, marking its sixth consecutive week of advances. This represents the longest winning streak since December 2023 and brings the […]

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The Rio Times broke the news in Brazil on Saturday, May 17, 2025.
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