Ibovespa extends winning streak to eight sessions despite Fed rate hike speculation

The Brazilian Ibovespa index recorded its eighth consecutive daily gain, overcoming intraday volatility driven by hawkish comments from Fed official Kevin Warsh. While initial market sentiment reacted to potential US rate hike risks, the index recovered in afternoon trading, bolstered by Petrobras performance. The sustainability of this rally remains uncertain given the thin liquidity conditions.