The Ibovespa edged higher to close at a record high of 153,938 on Friday as markets assessed a batch of corporate earnings amid hopes of an improving macroeconomic backdrop. Domestic producer prices fell for the first time in over one year in October, raising hopes that disinflation for consumers may allow the central bank to start cutting interest rates next year. Banks closed higher as long-dated benchmark rates dropped, with Itau, Bradesco, and Santander Brasil adding between 2% and 0.5%. Energy stocks also surged amid the rebound in crude oil prices, with Prio, Vibra, and Ultrapar adding more than 4% each. Meanwhile, Petrobras rose 3.4% after posting a growth in profit for the quarter, as an increase in crude oil production offset the slide in benchmark prices in the period due to a series of output hikes by OPEC+ members.

Brazilian Stocks Close at New Record

The S&P/TSX Composite erased losses to close 0.5% higher at 29,912 on Friday as investors assessed corporate earnings and strong labor data. The domestic unemployment rate unexpectedly dropped to 6.9%, while employment surged and wage growth increased, reinforcing signs that the BoC’s easing cycle is unlikely to continue. Commodity giants led the gains as gold and oil prices ended the week higher, with Canadian Natural, Barrick Gold, Wheaton, and TC Energy advancing between 4% and 2%. Meanwhile, Enbridge closed 1% higher despite reporting an EPS of C$0.46, below forecasts of C$0.54. Also, Shopify fell 2.4% as markets continued to pressure companies with bets on AI for exaggerated valuations.

Canadian Stocks Close Higher

US stocks rebounded from early losses to close mostly higher on Friday amid hopes that Congress members were making progress toward ending the government shutdown. The S&P 500 and the Dow Jones closed 0.3% higher, while the tech-heavy Nasdaq closed near the flatline as AI giants remained under pressure. Senate Republicans rejected Democrats' offer to scale down shutdown demands, but lingering hopes of an incoming agreement improved risk sentiment before the closing bell. The suspension of operations and government data were evidenced by the deteriorating consumer confidence measured by the University of Michigan survey, which came out at the second-worst reading on record in November. Consumer defensive and energy companies led the gains, with Exxon Mobil, T-Mobile, and Coca-Cola adding more than 2%. In turn, concerns that valuations for AI companies have been stretched too far continued to pressure the tech sector, with Tesla dropping 4% while Meta and Oracle fell 2%.

US Stocks Erase Losses Before Close

Total US consumer credit rose by $13.09 billion in September 2025, following an upwardly revised $3.13 billion gain in August and above market expectations of a $10 billion increase. It is equivalent to an increase of 3.1% at an annual rate. Revolving credit increased at an annual rate of 2% or $1.65 billion, following a $6.07 billion decline in August. Nonrevolving credit which includes auto and student loans went up 2.9% or $11.44 billion, following a $9.2 billion gain in the previous month.

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Brazilian Stocks Close at New Record

Canadian Stocks Close Higher

US Stocks Erase Losses Before Close

US Consumer Credit Rises More than Expected in September