10 Firms Post Impressive Gains on Monday

4. PagSeguro Digital Ltd. (NYSE:PAGS)

Brazil-based financial technology company PagSeguro Digital reported a 4.63-percent jump in its share prices on Monday to end at $7.01 apiece—a second consecutive day—as investors took heart from news that Brazil is set to take a more aggressive stance on a rate hike this year in a bid to tame down inflation.

On January 29, Brazil time, the central bank is expected to raise its benchmark Selic rate to 13.25 percent, up from 12.25 percent currently.

Economists reportedly expect a 100-basis-point increase on Wednesday and further hikes in the coming months, with the base rate potentially reaching 14.75 percent in the middle of 2025.

The current monetary tightening cycle began in September 2024, when the reference rate was raised to 11.75 percent from 10.50 percent, previously.