Ibovespa closes flat at 173,714 points with Petrobras support, but falls 2.33% for the week
The Ibovespa ended Friday trading (17) slightly down 0.06% at 173,714 points, supported by a 2.53% rise in Petrobras shares amid the oil surge.
2026-07-20
Weekly Investment Bulletin - 2026-07-20
Weekly recap covering a stable Ibovespa, the dollar, Selic, IPCA, oil, Petrobras, U.S. stocks, Bitcoin, Ethereum and top gainers and losers.
Weekly Bulletin - Brazil
Dollar rises to R$5.11 on risk aversion and Middle East tensions; weekly move is near zero
The U.S. currency closed at R$5.111, up 0.24% on Friday (17), driven by demand for safe-haven assets amid U.S.-Iran tensions.
Selic at 14.15% per year in July 2026; Focus points to 14.00% forecast for year-end 2026
Brazil baseline interest rate remains at 14.15% per year this month, with market projections indicating a small decline to 14.00% by year-end.
IPCA accumulates 4.64% in 12 months and stays above the 4.5% inflation target ceiling for 2026
With the target set at 3.0% per year (±1.5 percentage point), the accumulated index has exceeded the upper limit since June 2026, pressuring the rates outlook.
Ibovespa follows Wall Street lower on risk aversion; B3 turnover totals R$23.62 billion
Friday trading reflected global caution over the closed Strait of Hormuz, and the index ranged between 173,285 and 174,505 points before closing at 173,714.
USIM5 leads Ibovespa gains with a 4.17% rise; steel sector gains momentum for the week
Usiminas shares advanced at the close of Friday trading (17), with HAPV3 and PETR3 also among the index biggest gainers.
Cyclicals pressure Ibovespa: Vivara and MRV fall more than 3%; Direcional and Yduqs drop over 2%
Consumer and construction-linked shares led Friday losses, reflecting higher futures rates and a tense external backdrop.
Ibovespa breaks three-week winning streak; oil sector supports index with Brent at US$88.10
Brent crude accumulated about 16% for the week, limiting losses in Brazil index and lifting Petrobras by more than 2.5%.
Analysis: tariffs, elections and fiscal backdrop weigh on Brazilian market sentiment
CNN Brasil commentary highlights that domestic uncertainty and U.S. tariff policy contribute to investor caution toward emerging-market assets.
Dollar closes at R$5.37 on July 18; weekly change is almost flat amid global caution
The U.S. currency was stable for the week, accumulating a small 1% depreciation in July and a 6.88% decline for the year.
Top Gainers
- USIM5 (Usiminas): up 4.17%, driven by renewed appetite for steel shares and improved demand expectations.
- HAPV3 (Hapvida): up 3.92%, with interest in healthcare names after sector moves.
- PETR3 (Petrobras ON): up 2.62%, boosted by the strong rise in Brent crude (+16% for the week).
- PETR4 (Petrobras PN): up 2.53%, following the move in the oil company preferred shares.
- PRIO3 (Prio): up 1.86%, benefiting from higher barrel prices.
Top Losers
- VIVA3 (Vivara): down more than 3%, pressured by risk aversion in cyclical and consumer shares.
- MRVE3 (MRV): down more than 3%, with selling in construction-linked shares.
- DIRE3 (Direcional): down more than 2%, affected by higher futures rates and caution in real estate.
- YDUQ3 (Yduqs): down more than 2%, amid rotation in education and consumer shares.
- VALE3 (Vale): slight negative move in the session, with investors awaiting signals on Chinese iron ore demand.
Weekly Bulletin - World
S&P 500 rises 0.87% near record highs as softer U.S. PCE inflation supports Fed relief
The U.S. index closed higher on Friday (17), driven by data that strengthened the chances of a Federal Reserve rate cut.
U.S. stocks close higher with healthcare leading gains; energy underperforms
The S&P 500 advanced 0.77% at Friday close, led by healthcare, while energy was the only negative sector.
VIX jumps 12% to 18.77 on mega-cap tech volatility; S&P 500 closes at 7,457 points
The U.S. fear index rose sharply on Friday, reflecting capital outflows from large technology and communication services companies.
Nasdaq falls 1.4% and ends the week in the red; technology and communication lead U.S. losses
The technology index accumulated a 2.9% weekly decline, with major names such as Netflix and Intuitive Surgical weighing on performance.
Seagate leads Nasdaq 100 gains with 5.66% rise; data hardware sector heats up
Shares of technology and data equipment companies posted significant gains at Friday close (17).
Cadence Design Systems falls 9.47% in Nasdaq 100 on reports about AI developing chips
Chip design software shares fell after reports that AI models were designing circuits without proprietary tools.
Warren Buffett says the market has become a casino; investor warns on AI stock speculation
Comments from the legendary investor reinforced caution over elevated valuations in companies linked to artificial intelligence.
Fed rate-cut expectations rise for next meeting as PCE reaches 2.8%
U.S. inflation indicators create room for possible monetary-policy easing in the coming months.
Intuitive Surgical plunges 14.15% after earnings; analysts revise forecasts for medical robotics giant
The stock decline weighed on healthcare and was one of the main factors behind the day negative performance.
Biotech SELLAS Life Sciences rises 12% on expectation for clinical study readout
Biotech and small-cap shares posted gains amid capital outflows from large technology companies.
Top Gainers
- STX (Seagate Technology): up 5.66%, with demand for data storage and hardware solutions.
- LITE (Lumentum Holdings): up 3.77%, benefiting from moves in optical and networking technology.
- NEBIUS (Nebius): up 3.46%, amid rotation in technology and cloud infrastructure shares.
- WDC (Western Digital): up 2.23%, tracking the storage equipment sector.
- CSCO (Cisco Systems): up 2.08%, with interest in network infrastructure and enterprise technology shares.
Top Losers
- CDNS (Cadence Design Systems): down 9.47%, pressured by reports that AI was creating chips without its software.
- SNPS (Synopsys): down 7.9%, following concerns about AI disruption in the EDA sector.
- ISRG (Intuitive Surgical): down 14.15%, with analysts revising forecasts after earnings.
- NFLX (Netflix): down 7.26%, after weak revenue guidance for the third quarter.
- SBUX (Starbucks): down 2.66%, amid sector rotation and caution around U.S. consumption.
Weekly Bulletin - Crypto
Bitcoin trades near US$64,661 on July 18; market awaits strength above US$65,500
The leading cryptocurrency remains in a narrow range, with reduced daily volume after the mid-July recovery.
Ethereum trades at US$1,856 on July 18; market capitalization tops US$221 billion
The second-largest cryptocurrency by market value trades with slight movement, while the token and DeFi ecosystem remains active.
eCash leads daily gainers with 23.27% rise; Bitcoin gains 1.78% in 24 hours
The cryptocurrency market had 84% of coins falling, but some altcoins, such as XEC and DigiByte, surged.
XEC advances 18.94% and KDA rises 17.65% on July 18; crypto market closes with 110 gainers and 280 losers
The prevailing sentiment was cautious, with a large share of tokens losing value in the session.
Bitcoin faces resistance at US$65,500; daily volume falls after recovery to US$64,000
Analysts say the asset needs higher volume to break the resistance area and seek new highs.
Bitcoin stays stable while Ethereum gains; Middle East tensions lift oil prices
The weekly report notes that institutions expanded tokenized markets despite the global risk backdrop.
Bitcoin rises 0.04% to US$63,939; Ethereum falls 1.59% to US$1,838 on July 18
Most major cryptocurrencies corrected, while stablecoins such as USDT and USDC traded nearly flat.
Ethereum on Coinbase closes at US$1,861.27 on July 18; Fed daily data show slight rise
The ETH dollar quote followed the cautious movement in the cryptoasset market.
OriginTrail falls 10.56% and Safe drops 10.28%; DigiByte rises 23.18% on the day
The report highlights that despite most coins being negative, some tokens posted significant gains.
PHB falls 69.39% and NFPrompt Token drops 66.17%; DODO rises 9.33% on the day
The crypto market showed sharp swings in smaller-cap tokens, with steep gains and losses.
Top Gainers
- XEC (eCash): up 23.27%, with strong speculative interest and elevated turnover.
- DGB (DigiByte): up 23.18%, tracking moves in smaller-cap altcoins.
- KDA (Kadena): up 17.65%, benefiting from liquidity moves in infrastructure tokens.
- UTK (Utrust): up 16.23%, with rotation in payment projects and utility tokens.
- DODO (DODO): up 9.33%, driven by interest in DeFi projects.
Top Losers
- PHB (Phoenix Global): down 69.39%, with heavy selling and adjustment in a governance token.
- NFP (NFPrompt): down 66.17%, pressured by rotation in low-liquidity tokens.
- ATA (Autonolas): down 53.85%, reflecting capital outflows from on-chain AI projects.
- ACA (Acala): down 51.35%, with volatility in smaller-cap DeFi networks.
- TRAC (OriginTrail): down 10.56%, amid a correction in data infrastructure tokens.