The Ibovespa index declined to around 137,000 points on Monday as investors closely observed the escalating geopolitical tensions following the recent U.S. airstrikes on Iranian nuclear sites over the weekend. President Trump confirmed the "successful attack" on three locations, marking the first direct U.S. intervention in the ongoing conflict between Israel and Iran. In response, Tehran pledged "lasting consequences," heightening concerns over a potential disruption in the Strait of Hormuz, a vital artery for 25% of the world's oil trade.
Market participants are also focused on upcoming inflation data, with Brazil's IPCA-15 scheduled for release on Thursday and the U.S. PCE price index expected on Friday. Additionally, this week will feature the release of minutes from Brazil’s central bank and Federal Reserve Chair Jerome Powell’s testimony before Congress.
In the corporate sector, Petrobras experienced a 1.3% increase buoyed by rising oil prices. Conversely, other stocks such as Embraer (-0.7%), Vale (-0.4%), Eletrobras (-0.4%), and Hapvida (-0.1%) saw declines. The supermarket sector faced slight downturns, with GPA falling by 0.1% and Assaí by 0.4%, while the retail segment showed an upward trend: Americanas rose by 1%, Casas Bahia by 1.2%, and Magalu by 0.2%.
