Ibovespa Rebounds on Lower Oil Prices

2026-09-21 13:38 By Isabela Couto 1 min. read

The Ibovespa gained more than 0.5% to trade near 186,500 on Monday, rebounding after closing the prior week in the red amid lower international oil prices.

Oil prices declined on hopes for diplomatic progress between the US and Iran.

Iranian President Masoud Pezeshkian is expected to attend the United Nations General Assembly in New York this week, and US President Donald Trump has said he would be open to meeting him.

Bond yields eased as the halt in the oil rally cooled concerns over spreading inflationary pressures from energy costs, lending some support to credit-sensitive shares.

Financials posted gains, with Itaú and Bradesco rising more than 1%.

Utilities also advanced, with Axia up more than 1%.

The financial market lowered its forecast for the Selic rate at the end of 2026 from 13.75% to 13.50%, while raising its inflation forecast for this year from 4.90% to 4.92%, according to the Focus Bulletin released by the BCB.



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Ibovespa Rebounds on Lower Oil Prices
The Ibovespa gained more than 0.5% to trade near 186,500 on Monday, rebounding after closing the prior week in the red amid lower international oil prices. Oil prices declined on hopes for diplomatic progress between the US and Iran. Iranian President Masoud Pezeshkian is expected to attend the United Nations General Assembly in New York this week, and US President Donald Trump has said he would be open to meeting him. Bond yields eased as the halt in the oil rally cooled concerns over spreading inflationary pressures from energy costs, lending some support to credit-sensitive shares. Financials posted gains, with Itaú and Bradesco rising more than 1%. Utilities also advanced, with Axia up more than 1%. The financial market lowered its forecast for the Selic rate at the end of 2026 from 13.75% to 13.50%, while raising its inflation forecast for this year from 4.90% to 4.92%, according to the Focus Bulletin released by the BCB.
2026-09-21
Ibovespa Slips on Inflation Concerns
The Ibovespa shed 0.4% to close at 185,229 on Friday following the release of IGP-M inflation data for September. Brazil’s General Price Index – Market rose 1.47% in the second preview for September, rebounding from the 0.36% deflation recorded in the same August reading. Meanwhile, oil prices were volatile as supply concerns persisted. Elevated energy costs continue to put upward pressure on inflation and, consequently, borrowing costs. Major banks moved lower, with Itaú losing 0.6% and Bradesco down 0.9%. Utilities also posted losses, with Axia shedding 2.9%. Miners traded lower despite higher Chinese iron ore prices, with Vale retreating 1.5%, CSN Mineração down 1.9%, and Usiminas losing 2.7%. Cemig fell 0.6% after JPMorgan maintained its sell recommendation on the stock. Petrobras edged 0.2% lower despite higher oil prices. The Ibovespa lost 1.1% on the week.
2026-09-18
Ibovespa Falls on Inflation Concerns
The Ibovespa shed about 0.5% to trade below 185,500 on Friday following the release of IGP-M inflation data for September. Brazil’s General Price Index – Market rose 1.47% in the second preview for September, rebounding from the 0.36% deflation recorded in the same August reading. Meanwhile, oil prices moved higher, recovering from a pullback as supply concerns persisted. Elevated energy costs continue to put upward pressure on inflation and, consequently, borrowing costs. Major banks moved lower, with Banco do Brasil losing 2% and Bradesco down more than 0.5%. Utilities also posted losses, with Axia shedding nearly 1%. Miners traded lower despite higher Chinese iron ore prices, with CSN Mineração down 1.5% and Usiminas losing 1%. Cemig fell nearly 1% after JPMorgan maintained its sell recommendation on the stock. Petrobras lost nearly 0.5% despite higher oil prices.
2026-09-18