Ibovespa Slips Ahead of First-Round Vote; Foreign Flows Positive but Caution Mounts

Brazil's Ibovespa index closed the week at 183,500 points, down as investors weigh rising interest rates, commodity weakness, and election uncertainty ahead of the first-round vote. Foreign inflows remain positive, but domestic caution is building. The outcome of the election could shift market sentiment depending on fiscal policy signals.