Ibovespa Rises on Copom Outlook

2026-06-23 20:36 By Isabela Couto 1 min. read

The Ibovespa rose 0.5% to close at 171,259 on Tuesday after opening lower, diverging from the sharp selloff on Wall Street as markets digested the latest Copom minutes.

According to Banco Central do Brasil, policymakers are considering both a pause and a resumption of Selic cuts as possible paths to bring inflation back to target.

In the document, the central bank acknowledged that upside risks to inflation currently outweigh downside risks while leaving the next policy steps open and data-dependent.

Banking stocks posted gains, with Bradesco up 0.9% and Banco do Brasil rising 1.4%.

Utilities also moved higher, with Axia gaining 2.6% after news it is preparing a debenture issuance of up to R$1 billion, maturing in 2036.

Other notable gainers included Ambev (+1.2%) and WEG (+1%).

In contrast, Vale fell 1.9% after its board unanimously approved a shareholders’ meeting on July 22 to vote on the removal of chairman Daniel Stieler, following a request from its largest shareholder, Previ.



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Ibovespa Rises on Copom Outlook
The Ibovespa rose 0.5% to close at 171,259 on Tuesday after opening lower, diverging from the sharp selloff on Wall Street as markets digested the latest Copom minutes. According to Banco Central do Brasil, policymakers are considering both a pause and a resumption of Selic cuts as possible paths to bring inflation back to target. In the document, the central bank acknowledged that upside risks to inflation currently outweigh downside risks while leaving the next policy steps open and data-dependent. Banking stocks posted gains, with Bradesco up 0.9% and Banco do Brasil rising 1.4%. Utilities also moved higher, with Axia gaining 2.6% after news it is preparing a debenture issuance of up to R$1 billion, maturing in 2036. Other notable gainers included Ambev (+1.2%) and WEG (+1%). In contrast, Vale fell 1.9% after its board unanimously approved a shareholders’ meeting on July 22 to vote on the removal of chairman Daniel Stieler, following a request from its largest shareholder, Previ.
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Ibovespa Slips as Global Tech Selloff Weighs
The Ibovespa edged lower to trade below the 170,000 mark on Tuesday, tracking a broader risk-off mood as a selloff in technology stocks weighed on global markets. Losses were broad-based, led by Vale, which fell 2.2%. Vale’s board unanimously approved the call for a shareholders’ meeting on July 22 to vote on the removal of its chairman, Daniel Stieler, following a request from the miner’s largest shareholder, Previ, triggering an internal dispute over the position. Utility stocks also moved lower, with Axia and Sabesp down around 1%. Major banks declined after minutes from the latest Banco Central do Brasil meeting showed policymakers see Selic paths closer to market expectations as more appropriate. On Monday, the BCB’s Focus survey showed the year-end Selic forecast rising from 13.75% to 14.00%. Bradesco and Itaú both lost more than 0.5%. Other notable laggards included Petrobras (-0.6%), WEG (-1%), and Embraer (-1%).
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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.
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