Ibovespa Slips Amid Middle East Tensions

2026-07-13 13:47 By Isabela Couto 1 min. read

The Ibovespa edged lower to trade near the 177,000 mark on Monday after military exchanges between the US and Iran.

US and Iranian forces exchanged heavy missile and drone attacks over the weekend and into Monday, pushing oil prices higher on renewed concerns over crude shipments through the Strait of Hormuz.

Energy-driven inflation concerns reinforced expectations that interest rates will remain higher for longer.

Meanwhile, the Focus survey showed lower inflation forecasts for 2026.

Financials traded mixed, with Bradesco gaining 0.5% and Itaú trading near flat, while Itaúsa and Banco do Brasil edged lower.

Utilities posted losses, with Axia edging down and Sabesp losing nearly 1%.

Vale fell nearly 1% on lower iron ore prices.

Other notable laggards included WEG (-2%), Rede D'Or (-1%), and Embraer (-1%).

In contrast, Petrobras advanced more than 2% on higher oil prices.



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Ibovespa Slips Amid Middle East Tensions
The Ibovespa edged lower to trade near the 177,000 mark on Monday after military exchanges between the US and Iran. US and Iranian forces exchanged heavy missile and drone attacks over the weekend and into Monday, pushing oil prices higher on renewed concerns over crude shipments through the Strait of Hormuz. Energy-driven inflation concerns reinforced expectations that interest rates will remain higher for longer. Meanwhile, the Focus survey showed lower inflation forecasts for 2026. Financials traded mixed, with Bradesco gaining 0.5% and Itaú trading near flat, while Itaúsa and Banco do Brasil edged lower. Utilities posted losses, with Axia edging down and Sabesp losing nearly 1%. Vale fell nearly 1% on lower iron ore prices. Other notable laggards included WEG (-2%), Rede D'Or (-1%), and Embraer (-1%). In contrast, Petrobras advanced more than 2% on higher oil prices.
2026-07-13
Ibovespa Soars on Softer-Than-Expected Inflation
The Ibovespa jumped 3% to close at 177,866 on Friday after Brazil's inflation data came in below expectations. Annual inflation eased to 4.64% in June from 4.72% in May, below market forecasts of 4.80%, bringing it closer to the BCB's target range of 1.5%-4.5%. The softer inflation reading pushed bond yields lower and strengthened expectations that the central bank could adopt a more dovish stance. Financial stocks led the rally, with Itaú up 4%, Bradesco gaining 4.8%, and both Itaúsa and B3 advancing 4.3%. Utilities also moved higher, with Axia adding 4.6% and Sabesp rising 3.6%. Meanwhile, CSN Mineração soared 8.3% and CSN jumped 7.9% after Citi said the company should benefit from the stronger performance of its steel and cement segments.
2026-07-10
Ibovespa Surges on Softer-Than-Expected Inflation
The Ibovespa jumped nearly 2% to trade close to 176,000 on Friday after Brazil's inflation data came in below expectations. Annual inflation eased to 4.64% in June from 4.72% in May, below market forecasts of 4.80%, bringing it closer to the BCB's target range of 1.5%-4.5%. The softer inflation reading pushed bond yields lower and strengthened expectations that the central bank could adopt a more dovish stance. Financial stocks led the rally, with Itaú and Itaúsa gaining more than 2%, Bradesco rising over 2.5%, and B3 advancing more than 3%. Utilities also moved higher, with Axia and Sabesp up over 2%. Other notable gainers included Rede D'Or (+3%) and CSN (+4%).
2026-07-10