State-controlled oil major Petrobras (PETR4) traded up 0.49% to R$41.21 today, a move that highlighted the company's structural resilience and the broader market's focus on domestic policy drivers following a sharply lower inflation print. The advance came as the benchmark Ibovespa index also climbed 0.70% to 176,564.75, primarily driven by a domestic macro-catalyst: the preliminary inflation rate for mid-July, the IPCA-15, decelerated far more than expected, fueling optimism for continued aggressive Selic rate cuts by the Central Bank’s Monetary Policy Committee (Copom).