Brazil’s Morning Call for Friday, February 20, 2026

2026-02-20 - 09:03

Today’s Focus The Big Picture: The Ibovespa staged a powerful 1.35% rebound on Thursday, reclaiming 188,534 — its second-highest close ever — while Wall Street went the other way. The divergence was striking: Petrobras surged on oil’s continued rally (Brent above $71), banks delivered a broad-based advance led by BB (+2.48%) and Bradesco (+2.01%), and