Ibovespa Rebounds on Tuesday

2026-03-24 20:21 By Felipe Alarcon 1 min. read

The Ibovespa closed 0.3% higher at 182,509 on Tuesday as a late recovery in Petrobras and Vale offset pressure from rising interest rates.

Petrobras jumped 3.7% as Brent crude surged past $102 per barrel and Vale added 0.8% to provide a vital cushion.

These gains countered a selloff in the banking sector where Itaú fell 0.4% and Bradesco dropped 1.1% as future interest rates advanced.

Minutes from the Central Bank confirmed that oil price volatility remains decisive for the Selic rate calibration cycle which limited appetite for credit-sensitive utilities.

Despite the volatile external environment foreign investors have maintained a strong push into Brazil with net inflows reaching R$ 48.6 billion for the year.



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