Ibovespa Slips on Heightened Middle East Tensions

2026-05-04 13:37 By Isabela Couto 1 min. read

The Ibovespa traded below 187,000 on Monday, pressured by rising tensions in the Middle East.

Oil prices jumped as much as 5% before trimming gains after reports that two missiles struck a US warship, though a senior US official denied the incident.

The IRGC Navy released a map designating parts of the Strait of Hormuz under Iranian military control, warning it may act against vessels that breach its rules, raising concerns over shipping security.

With the Strait of Hormuz effectively closed, fears of an energy shock sparking global inflation persist.

Banks traded weaker, with Itaú little changed, Bradesco edging down, and Banco do Brasil up 0.5% ahead of earnings.

Among laggards, Vale fell 0.7%, Rede D’Or dropped 1%, and WEG declined 1%.

Petrobras slipped 0.5% despite high oil prices, after OPEC+ agreed to increase output.

In contrast, Ambev rose 0.7% and Embraer gained 0.4%, supported by Brazil’s manufacturing PMI reaching a 14-month high.



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Ibovespa Rises as Copom Signals Further Easing
The Ibovespa gained 0.6% to close at 186,754, as investors digested Copom minutes and a wave of corporate earnings. The central bank noted that while higher inflation is unlikely to prevent further rate cuts this year, risks to inflation expectations may limit the pace of easing compared to earlier projections. Banks advanced, with Bradesco (+1.5%) and Banco do Brasil (+1.7%) higher, while Ambev surged over 15% after reporting Q1 net income of R$3.89 billion, up 2.1% year-on-year. After the close, Iguatemi (-1.5%), Itaú (-0.3%), and TIM (-0.5%) are set to report results. Elsewhere, UBS BB raised Sabesp’s (+1.4%) target price to R$38 from R$33.80 but downgraded the stock to neutral, while Petrobras fell 1.4% as oil prices declined despite ongoing Middle East tensions.
2026-05-05
Ibovespa Rises on Corporate Earnings and Copom Minutes
The Ibovespa edged up to trade near 186,000 on Tuesday, as investors digested Copom minutes and a wave of corporate earnings. The central bank noted that the increase in inflation is unlikely to prevent more rate cuts this year, although threats to the anchor of inflation expectations may reduce the magnitude of cuts compared to those expected earlier.  Banks advanced, with Bradesco (+1.0%) and Banco do Brasil (+2.0%) higher. Ambev jumped over 10% after reporting Q1 net income of R$3.89 billion, up 2.1% year-on-year. After the close, C&A (+1.3%), Iguatemi (+1.5%), Itaú (+0.2%), Prio (-2.3%), RD Saúde (+1.4%), and TIM (+1.4%) are set to report results. Elsewhere, UBS BB raised Sabesp’s (-0.9%) target price to R$38 from R$33.80 but downgraded the stock to neutral. Petrobras fell over 1% as oil prices declined despite Middle East tensions.
2026-05-05
Ibovespa Falls as Middle East Risks Weigh
The Ibovespa dropped 0.9% to close at 185,600 on Monday, pressured by rising tensions in the Middle East. Oil prices jumped after reports that two missiles struck a US warship, though a senior US official denied the incident. The IRGC Navy released a map designating parts of the Strait of Hormuz under Iranian military control, warning it may act against vessels that breach its rules, raising concerns over shipping security. With the strait effectively closed, fears of an energy shock fueling global inflation persisted. Banks led losses, with Itaú down 1.8%, Bradesco falling 2.1%, and Banco do Brasil losing 1.3% after weak earnings. Vale dropped 3.1%, while Rede D’Or and WEG fell 1.2% and 1.1%, respectively. In contrast, Embraer rose 2.5% after Brazil’s manufacturing PMI hit a 14-month high, while Marfrig gained 3.3% on progress in its Middle East venture, Sadia Halal. Petrobras added 0.5%, supported by higher oil prices.
2026-05-04