The Ibovespa inched higher on Monday, trading above 188,500 points as investors assessed the chances of an end to the five-week conflict in the Middle East. Washington and Tehran received a Pakistan-mediated draft proposal aimed at halting hostilities, though Iran rejected immediate measures to reopen the Strait of Hormuz. The plan calls for an immediate ceasefire, to be followed by broader negotiations within 15–20 days.
In the corporate arena, bank stocks advanced, with Bradesco up 0.6%. Embraer added 0.4% after Bradesco BBI issued a positive assessment of its operating figures, highlighting that first-quarter deliveries surpassed both its estimates and market consensus across the commercial, executive, and defense segments. Petrobras climbed 1% on the back of higher oil prices, while other notable gainers included Vale, up 0.5%, and Ambev, up 0.6%.
