周五，Ibovespa指数下跌0.5%，至132437点，该指数本周下跌0.7%，原因是持续的工业收缩、油价暴跌和新的贸易关税抑制了投资者的胃口。7月PMI连续第三个月保持在48.2，而6月工业产出在5月持平后仅增长0.1%，突显出增长乏力。石油基准指数下跌，因预计欧佩克+供应增加和需求疲软，拖累巴西国家石油公司下跌2.2%。特朗普总统对巴西出口产品征收50%的关税再次引发了对出口收入的担忧，并促使农业和采矿业获利回吐。随着利润压力的出现，即使巴西航空工业公司免除了10%的征税，也未能支撑其股价。与此同时，美国就业人数大幅修正，为73000人，使全球前景黯淡，并助长了美联储早些时候的降息押注，这些押注收紧了对新兴市场股票的融资。

The Ibovespa fell 0.5% to 132,437 on Friday pulling the index down 0.7% for the week as persistent industrial contraction, plunging oil prices and fresh trade tariffs curbed investor appetite. July’s PMI held at 48.2 for a third month while June’s industrial output rose just 0.1% after a flat May, underscoring tepid growth. Oil benchmarks slid on forecasts of higher OPEC+ supply and weaker demand, dragging Petrobras down 2.2%. President Trump’s 50% tariff on Brazilian exports reignited export-revenue fears and prompted profit-taking in agriculture and mining. Even Embraer’s exemption to a 10% levy failed to support its shares as margin pressures emerged. Meanwhile, US payrolls missed at 73,000 jobs with steep revisions, dimming the global outlook and fuelling early Fed-cut bets that have tightened funding for emerging-market equities.