The Ibovespa advanced 1.5% on Monday, moving above the 173,500 level after the United States and Iran announced a preliminary peace agreement aimed at ending the conflict. US President Donald Trump stated that the deal would halt hostilities and reopen the Strait of Hormuz.
In response, oil prices declined, easing fears that an energy‑driven surge in inflation could force global central banks into a more hawkish stance. Bond yields also retreated, alleviating concerns over rising borrowing costs.
In the equity market, banks were among the session’s highlights: Itaú and Bradesco each gained close to 2%. Other financial names also moved higher, with Itaúsa advancing nearly 2% and B3 climbing close to 3%.
Utilities traded in positive territory, led by Axia, which rose more than 2%. Vale added over 2%, supported by higher iron ore prices amid supply worries tied to a possible strike by BHP workers at a key Australian iron ore hub.
Elsewhere, Embraer jumped more than 6% after Azorra finalized an agreement to acquire 15 aircraft. Moving in the opposite direction, Petrobras fell nearly 4%, pressured by the drop in oil prices.
