The Ibovespa climbed 0.4% to close at 180,271 on Thursday, as domestic markets rebounded on renewed diplomatic signals that the Middle East conflict may be resolved sooner than previously expected. Sentiment improved after Israeli Prime Minister Benjamin Netanyahu and US President Donald Trump outlined a possible path to a swift resolution, contributing to a decline in future interest rates.
The easing in rates offered some relief to the banking sector, with Banco do Brasil advancing 0.5% and Banco Santander Brasil adding 0.9%, even as earlier hawkish remarks from the central bank regarding the 3% inflation target continued to weigh on the outlook.
In commodities, Petrobras inched up 0.4%, supported by still-elevated oil prices despite intraday lows, while Vale slipped 0.7% amid broader volatility across the commodity complex. High-growth and utility stocks also benefited from the improved risk appetite: Equatorial Energia gained more than 3%, and Sabesp jumped 3.5%, as traders recalibrated risk expectations in response to the shifting geopolitical backdrop.
