Ibovespa Drops on Trade and Middle East Tensions

2026-07-24 20:46 By Isabela Couto 1 min. read

The Ibovespa fell 1.5% to close at 174,042 on Friday as investors assessed fresh US tariffs on Brazilian exports and escalating tensions in the Middle East.

Concerns among the Brazilian government and corporate sector intensified after the Trump administration announced another round of tariffs on Brazilian goods.

Markets also continued to grapple with inflation concerns and expectations of higher global interest rates as oil prices remained elevated despite retreating from recent peaks.

Major banks led the losses, with Banco do Brasil down 2.8%, Bradesco falling 1.3%, Itaú declining 1.1%, and Santander losing 1.1%.

Petrobras dropped 1.7% as oil prices pulled back, while junior oil producer PRIO lost 2.8%.

Vale fell 0.6% but still posted a weekly gain of more than 3%, supported by stronger-than-expected production figures released earlier in the week.

Bucking the broader market, WEG rose 0.7% after its quarterly results, helped by positive commentary from Goldman Sachs and Itaú BBA.



News Stream
Ibovespa Drops on Trade and Middle East Tensions
The Ibovespa fell 1.5% to close at 174,042 on Friday as investors assessed fresh US tariffs on Brazilian exports and escalating tensions in the Middle East. Concerns among the Brazilian government and corporate sector intensified after the Trump administration announced another round of tariffs on Brazilian goods. Markets also continued to grapple with inflation concerns and expectations of higher global interest rates as oil prices remained elevated despite retreating from recent peaks. Major banks led the losses, with Banco do Brasil down 2.8%, Bradesco falling 1.3%, Itaú declining 1.1%, and Santander losing 1.1%. Petrobras dropped 1.7% as oil prices pulled back, while junior oil producer PRIO lost 2.8%. Vale fell 0.6% but still posted a weekly gain of more than 3%, supported by stronger-than-expected production figures released earlier in the week. Bucking the broader market, WEG rose 0.7% after its quarterly results, helped by positive commentary from Goldman Sachs and Itaú BBA.
2026-07-24
Ibovespa Slips as US-Iran Tensions Continue
The Ibovespa fell 1% to trade below 175,500 on Friday as investors assessed fresh US tariffs on Brazilian exports and escalating tensions in the Middle East. Markets continued to grapple with inflation concerns and expectations of higher global interest rates as oil prices remained elevated despite retreating from recent peaks. Financials posted losses, with Itaú, Bradesco, Itaúsa, and Banco do Brasil all down about 1%. Utilities also weakened, with Sabesp losing more than 1%. Petrobras fell over 1% as oil prices pulled back from recent highs.
2026-07-24
Ibovespa Slips as Middle East Tensions Weigh
The Ibovespa fell 0.5% to close at 176,724 on Thursday as escalating Middle East tensions weighed on sentiment. Oil prices surged after renewed attacks heightened concerns over global energy supplies, reigniting inflation fears and reinforcing expectations that interest rates could remain higher for longer. Financials led the losses, with Itaú down 0.8%, Bradesco shedding 1.3%, Itaúsa losing 0.6%, and Banco do Brasil retreating 0.8%. Utilities also traded lower, with Axia down 0.6% and Sabesp falling 1%. WEG slipped 2.3% after soaring 10% in the previous session on strong operating margins and return on invested capital. Other notable laggards included Ambev (-1.3%), Rede D'Or (-2.4%), and Embraer (-0.5%). In contrast, Petrobras gained 0.9%, supported by higher oil prices.
2026-07-23