The Ibovespa rose 0.5% to close at 176,641 on Tuesday, rebounding from the previous session’s losses after softer-than-expected US inflation data. US consumer prices fell in June for the first time in six years, while core inflation was little changed, reducing pressure on the Federal Reserve to raise interest rates.
Most financial stocks advanced, with Itaúsa up 0.6% and Banco do Brasil gaining 1.7%. Utilities also moved higher, including Axia, which added 0.5%. Vale climbed 1.5% as iron ore prices rallied on expectations that imminent Chinese restrictions on selected Fortescue portside cargoes will tighten supply.
Vivo gained 2.3% after reporting a net addition of 23,000 customers, its largest increase since March 2025. Rede D'Or rose 1.4% as it progressed with its joint venture with Bradsaúde, whose shares were up 0.7%. On Monday, Bradsaúde announced it had completed the transaction to transfer Rede D'Or’s real estate assets to Atlântica D'Or.
