Core Insights - The Brazilian financial market continues its positive trend, with the Ibovespa index rising for the ninth consecutive trading day, marking a historic milestone by surpassing 150,000 points for the first time [1] - The Ibovespa index closed at 150,454 points, reflecting a gain of 0.61%, and reached an intraday high of 150,700 points. Year-to-date, the index has increased by 25.08% [1] - The commercial dollar exchange rate fell to 5.357 reais per dollar, a decrease of 0.42%, reaching its lowest level since October [1] Economic Indicators - The Central Bank of Brazil revised its inflation expectations for the broad consumer price index (IPCA) from 4.56% to 4.55% [1] - The market anticipates that the Central Bank's monetary policy committee will maintain the benchmark interest rate at an annualized rate of 15% during its upcoming meeting [1] Analyst Perspectives - Analysts believe that high interest rates help to curb inflation and stabilize the exchange rate, although they also limit economic expansion [1] - Overall, Brazil is demonstrating financial resilience amid international economic uncertainties, with expectations of moderate growth in a high-interest-rate environment [1]

Core Viewpoint - Economists surveyed believe that the European Central Bank (ECB) will lower interest rates more than previously expected this year, as inflation is projected to fall below the bank's target by early 2026 [1] Group 1: Interest Rate Changes - A monthly survey indicates that after seven rate cuts of 25 basis points each, the ECB may take further action in June and September [1] - This would reduce the deposit rate from the current 2.25% to 1.75% [1]