Ibovespa Dips as Ceasefire Uncertainty Returns

2026-04-22 13:59 By Isabela Couto 1 min. read

The Ibovespa lost over 0.5%  to trade below 195,500 on Wednesday amid uncertainty over the US extension of the ceasefire with Iran, as optimism remained subdued despite the pause in hostilities.

The Strait of Hormuz remained largely closed, with no signs of renewed US-Iran negotiations, and oil prices rose on reports of gunfire attacks on container ships, fueling fears of energy-driven stagflation and rate hikes.

Bond yields climbed, pressuring banks, as concerns over weaker credit demand intensified.

Itaú, Bradesco, and Banco do Brasil each fell about 1%, while utilities declined, with Sabesp shedding nearly 1% and Axia down 0.4%.

Vale lost nearly 1% despite higher iron ore prices, as rival BHP concluded talks with China Mineral Resources Group.

In contrast, Petrobras gained 1.5% on stronger oil prices.



News Stream
Ibovespa Dips as Ceasefire Uncertainty Returns
The Ibovespa lost over 0.5%  to trade below 195,500 on Wednesday amid uncertainty over the US extension of the ceasefire with Iran, as optimism remained subdued despite the pause in hostilities. The Strait of Hormuz remained largely closed, with no signs of renewed US-Iran negotiations, and oil prices rose on reports of gunfire attacks on container ships, fueling fears of energy-driven stagflation and rate hikes. Bond yields climbed, pressuring banks, as concerns over weaker credit demand intensified. Itaú, Bradesco, and Banco do Brasil each fell about 1%, while utilities declined, with Sabesp shedding nearly 1% and Axia down 0.4%. Vale lost nearly 1% despite higher iron ore prices, as rival BHP concluded talks with China Mineral Resources Group. In contrast, Petrobras gained 1.5% on stronger oil prices.
2026-04-22
Ibovespa Rises on Energy and Utility Gains
The Ibovespa edged up to trade above 196,000 on Monday, boosted by gains in energy and utilities. The energy sector was lifted by a sharp rebound in oil prices, triggered by renewed tensions after the US seized an Iranian cargo ship and Iran reasserted control over the Strait of Hormuz. In utilities, Axia gained more than 1.5% and Sabesp rose over 2%. In contrast, major banks declined as the oil surge reignited stagflation fears, pressuring the outlook for banks due to elevated rates and low credit demand. Bradesco lost near 1% and Itaú shed 0.4%. Vale also fell over 1% as freight costs rose on higher energy prices.
2026-04-20
Ibovespa Erases Gains Despite Strait of Hormuz Opening
The Ibovespa erased its early gains to close 0.55% lower at 195,734 on Friday, retreating to levels last seen on April 9th. While the reopening of the Strait of Hormuz initially boosted sentiment, a 9.86% plunge in oil prices ($85.35) weighed heavily on the index. Petrobras was the main laggard, slumping 5.05% as it shed earlier gains from the announcement of its acquisition of a stake in offshore block 3 in São Tomé and Príncipe. In contrast, Vale rose 1.51% following resilient Q1 production data. The banking sector mostly supported the broader market as bond yields fell, with gains for Banco do Brasil (+0.78%), Santander Brazil (+0.70%), and Bradesco (+0.77%), while Itaúsa fell 0.27%. Other notable movers included Rede D'Or (+1.53%) and WEG (+0.54%), while Eletrobras fell -2.81% and Ambev shed -0.78%.
2026-04-17