FX.co ★ Ibovespa Gains as Investors Await Official Remarks

On Monday, the Ibovespa index increased by nearly 0.8% approaching the 137,000 point mark. This surge was influenced by investor anticipation regarding speeches from President Lula and Finance Minister Fernando Haddad at the unveiling of the 2025/2026 Family Farming Plan. Additionally, Central Bank Economic Policy Director Diogo Guillen is scheduled to address the ECB Forum in Portugal. Political dynamics are in the spotlight due to a potential Supreme Court challenge against Congress's decision to reverse the IOF decree. Economically, in May, gross public debt grew at a rate slower than predicted, and inflation forecasts were lowered for the fifth consecutive week, as indicated by the Central Bank’s Focus Report. On a global scale, the market sentiments positively reacted to renewed trade negotiations between the United States and Canada. Within the corporate sector, Petrobras saw a 0.3% increase, while Gol experienced a significant rise of over 20% post-auction. Conversely, Vale experienced a decline of 0.8%, and major financial institutions like Itaú and Banco do Brasil saw decreases of 0.4% and 0.7%, respectively. Furthermore, the volatility index increased by 3.2%.