FX.co ★ Ibovespa Starts the Week in the Green

The Ibovespa surged by more than 1% on Monday, surpassing the 129,000 mark. This upward trend was driven by favorable global market movements and renewed optimism surrounding U.S. tariff policies, following news of additional exemptions. During the weekend, the U.S. Customs announced exemptions for specific technology products, including smartphones, laptops, and other electronics, from the 145% China-specific tariffs and the general 10% duties. This development alleviated concerns about a wider economic downturn amid escalating trade tensions between the United States and China—the world's two largest economies. Although President Trump signaled the introduction of new sector-focused tariffs, such as those on imported semiconductors, investor sentiment remained positive. Major commodity producers, including Petrobras and Vale, experienced significant gains of over 2% and 1.5%, respectively, as commodity prices stabilized. On the domestic front, robust economic indicators also contributed to market bullishness, with Brazil’s key economic activity index improving by 0.4% in February and inflation moderating to 5.48% in March.