Ibovespa Gains on US-Iran Peace Progress

2026-06-22 21:06 By Isabela Couto 1 min. read

The Ibovespa rose 1.2% to close at 170,370 on Monday as progress in peace talks between the US and Iran boosted market sentiment.

US Vice President JD Vance and Iran’s Foreign Minister took part in negotiations in Switzerland, with mediators from Qatar and Pakistan reporting encouraging progress, including the establishment of a framework for future technical talks.

Both sides agreed on a roadmap to reach a final agreement within 60 days.

Oil prices declined, pushing bond yields lower and easing concerns over energy-driven inflation.

Major banks led gains, with Itaú up 2.7% and Bradesco rising 1.8%.

Utilities also advanced, with Axia up 2% and Sabesp gaining 3.5%.

Petrobras rose 0.9% despite lower oil prices, supported by the payment of its latest interest on equity installment and the signing of a memorandum of understanding with Pemex.

Retailers also contributed to gains, with Azzas surging 10.3% after presenting alternatives for Farm.



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Ibovespa Gains on US-Iran Peace Progress
The Ibovespa rose 1.2% to close at 170,370 on Monday as progress in peace talks between the US and Iran boosted market sentiment. US Vice President JD Vance and Iran’s Foreign Minister took part in negotiations in Switzerland, with mediators from Qatar and Pakistan reporting encouraging progress, including the establishment of a framework for future technical talks. Both sides agreed on a roadmap to reach a final agreement within 60 days. Oil prices declined, pushing bond yields lower and easing concerns over energy-driven inflation. Major banks led gains, with Itaú up 2.7% and Bradesco rising 1.8%. Utilities also advanced, with Axia up 2% and Sabesp gaining 3.5%. Petrobras rose 0.9% despite lower oil prices, supported by the payment of its latest interest on equity installment and the signing of a memorandum of understanding with Pemex. Retailers also contributed to gains, with Azzas surging 10.3% after presenting alternatives for Farm.
2026-06-22
Ibovespa Gains on Lower Oil Quotes
The Ibovespa rose 1% to trade above the 170,000 mark on Monday as lower oil prices supported risk appetite. Oil prices fell after US and Iranian officials concluded their first round of talks in Switzerland, easing concerns over energy-driven inflation pressures. Major banks led gains, with Itaú and Bradesco up nearly 2%, while Banco do Brasil gained 1%. Utility stocks also moved higher, with Axia and Sabesp adding around 1%. In contrast, Petrobras edged lower as oil prices declined. Meanwhile, the latest BCB Focus survey showed higher expectations for the Selic rate and inflation in 2026. Investors also assessed a new Datafolha survey showing President Lula leading in a hypothetical second-round presidential race.
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Ibovespa Closes Near Flat as US-Iran Talks Stall
The Ibovespa was virtually unchanged at 168,334 on Friday in a session marked by lighter global liquidity, as investors monitored developments in the Middle East. Peace talks between the US and Iran were postponed. The discussions, scheduled to take place in Switzerland and aimed at addressing Iran’s nuclear program following a recently signed memorandum of understanding, were delayed, adding fresh uncertainty over the timeline of negotiations seen as key to reopening the Strait of Hormuz and normalizing oil flows. Oil prices rebounded modestly, reviving concerns over energy-driven inflation. Bond yields moved higher in response, renewing concerns over borrowing costs. Heavyweight banks traded lower, with Itaú down 1.5% and Bradesco falling 0.7%. Meanwhile, utilities advanced, with Axia up 0.6%. Vale also gained 1% as iron ore prices held firm.
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