São Paulo Stock Exchange rises 0.64% driven by US employment data

Brazil's stock market experienced a rebound on Thursday, with the São Paulo Stock Exchange's main index, the Ibovespa, climbing 0.64%. The index closed at 172,787 points, recovering after two consecutive days of losses. The positive performance was largely attributed to the release of U.S. employment data, which indicated a cooling labor market.

Traders reacted optimistically to the U.S. jobs report, as the weaker-than-expected figures diminished the likelihood of a near-term interest rate increase by the U.S. Federal Reserve. This eased pressure on international markets and bolstered investor sentiment. The Brazilian real also showed stability, appreciating slightly by 0.03% against the U.S. dollar, which closed at 5.207 reais for buying and selling.

Among the day's top performers were shares of the supermarket chain Pão de Açúcar, which saw a 4.37% increase in value. The infrastructure company Ecorodovias also performed well, with its shares appreciating by 2.75%. Conversely, the meatpacking giant Marfrig experienced a significant drop, with its shares falling 4.78%. The tourism operator CVC also saw its stock decline by 4.38%.

Trading volume on the exchange was robust, exceeding 19.417 billion reais (approximately $3.734 million or €3.291 million) across more than 3 million financial operations by the end of the session.