Ibovespa Tumbles on Thursday

2026-03-26 20:33 By Felipe Alarcon 1 min. read

The Ibovespa fell 1.45% to close at 182,733 on Thursday as higher than expected mid-month inflation and hardening geopolitical tensions intensified risk aversion.

Market sentiment soured after the IPCA-15 showed a 0.44% rise in March driven by a 5.94% jump in airfares and persistent pressure in food and personal expenses.

These domestic headwinds collided with a 5% surge in Brent crude as President Trump warned Iran to get serious before it is too late which overshadowed previous hopes for a peace deal.

The resulting spike in Treasury yields and stagflation fears pressured the broad market with major banks facing heavy selling as Banco do Brasil shed 3.8% and Banco Santander fell 1.8% while Itaúsa and Bradesco lost over 1%.

Utilities and consumer leaders also struggled with Sabesp dropping 2.7% and Natura sliding 5.1%.

Conversely Petrobras gained 2.4% as elevated oil prices supported energy producers while Americanas surged 15.3% following judicial recovery developments.



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Ibovespa Tumbles on Thursday
The Ibovespa fell 1.45% to close at 182,733 on Thursday as higher than expected mid-month inflation and hardening geopolitical tensions intensified risk aversion. Market sentiment soured after the IPCA-15 showed a 0.44% rise in March driven by a 5.94% jump in airfares and persistent pressure in food and personal expenses. These domestic headwinds collided with a 5% surge in Brent crude as President Trump warned Iran to get serious before it is too late which overshadowed previous hopes for a peace deal. The resulting spike in Treasury yields and stagflation fears pressured the broad market with major banks facing heavy selling as Banco do Brasil shed 3.8% and Banco Santander fell 1.8% while Itaúsa and Bradesco lost over 1%. Utilities and consumer leaders also struggled with Sabesp dropping 2.7% and Natura sliding 5.1%. Conversely Petrobras gained 2.4% as elevated oil prices supported energy producers while Americanas surged 15.3% following judicial recovery developments.
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The Ibovespa lost about 0.5% to trade below 185,000 on Thursday, pressured by higher-than-expected mid-month inflation and mixed Middle East war signals. The IPCA-15's momentum slowed in March after seasonal back-to-school effects faded, but food and personal expenses kept inflation above expectations. While the 12-month rate eased, it remains above the 3.0% target, adding pressure on the base rate outlook while Iran conflict-driven oil rises with no clear end in sight could further complicate central banks' rate decisions. Major banks posted losses: Itaú down 1%, Bradesco 0.6%. Utilities traded negative, with Axia and Sabesp shedding over 1%. Other laggards included Vale down 0.6%, WEG down 0.6%, and Ambev down 0.5%. Petrobras gained near 1% on higher oil prices. Americanas surged near 17% after filing to exit judicial recovery, selling assets, and reporting sharp Q4 2025 improvement versus Q4 2024.
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The Ibovespa surged 1.60% to close at 185,424 on Wednesday as optimism for a diplomatic resolution in the Middle East drove a broad rally and a decline in future interest rates. Sentiment was bolstered by reports of a 15-point US peace proposal delivered to Tehran which pressured global oil prices and eased inflation concerns domestically. Utilities and financials led the gains with Sabesp advancing 2.4% and Banco Bradesco climbing 2.2%. Industrial and consumer leaders also showed strength as WEG rose 2% and B3 jumped 3.7% amid the improved risk environment. Despite the slump in Brent crude Petrobras remained resilient in positive territory gaining 0.2% while Vale added 1.5%. In contrast the retail sector saw mixed results with Lojas Renner falling 1.3%. Most assets ended the day higher as traders weighed the prospect of de-escalation against continued regional hostilities.
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