FX.co ★ Ibovespa Near Record, Petrobras Slides

The Ibovespa advanced 0.33% on Tuesday, closing at 198,657 and remaining near record territory after briefly touching 199,000. The move extended the index’s strong upward trend, supported by optimism over a possible de-escalation in the Middle East and the prospect of renewed US-Iran negotiations. Softer oil prices helped ease inflation and interest-rate concerns, favoring financial and utility names while weighing on energy stocks. Among the highlights, Banco do Brasil climbed 2.59%, Eletrobras rose 2.33%, and Rede D'Or added 1.49%, with Itaú and Santander Brasil also closing higher. Vale advanced 1.13%. On the downside, Petrobras slumped 4.28%, leading losses as crude prices retreated, while WEG inched lower, extending its recent bout of weakness.