Brazilian Stocks Up on Rate Cut Hopes

2026-03-17 13:47 By Isabela Couto 1 min. read

The Ibovespa gained nearly 1% to trade above 181,000 on Tuesday as the central bank began its Selic rate meeting, with markets pricing a 0.25 to 0.50 percentage point cut, potentially marking the start of a rate reduction cycle.

Bond yields edged lower and major banks traded higher.

Meanwhile, Petrobras rose over 1.5% as oil prices climbed following fresh Iranian attacks on the UAE, reigniting supply fears amid Strait of Hormuz disruptions.

Likewisem Vale advanced 1% on higher iron ore prices, driven by rising Chinese demand for construction steel.

Elsewhere, Sabesp gained 1.2% after reporting strong Q4 2025 results and approving R$583.6 million in interest on equity for the fiscal year.



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