FX.co ★ Brazilian Stocks Inch Down

On Monday, Brazil's Ibovespa index dipped slightly, staying below the 165,000 mark for a second consecutive session following recent record highs. This decline mirrors a broader retreat in global markets after the United States threatened to impose new tariffs on key trading partners. The consumer discretionary sector led the losses, reflecting similar trends in other major stock exchanges, especially after U.S. President Trump announced potential tariffs on major European economies if they do not support the United States' acquisition of Greenland. Notable declines included Ambev, down 1%, and Natura, which dropped 3.5%. Additionally, Vale saw a 1% loss following the news of China receiving iron ore shipments from Guinea’s Simandou mine, which could reduce Vale's market share this year. Concurrently, the central bank's Focus survey showed no marked changes in market expectations for this year's inflation trajectory.