FX.co ★ Ibovespa Advances on Hopes for US-Iran Talks

The Ibovespa advanced nearly 1% on Tuesday, approaching the 170,000-point level, supported by hopes that a temporary ceasefire between Iran and Israel could open the door to broader US-Iran negotiations. Easing oil prices and falling bond yields helped temper inflation concerns, lifting financial stocks and the broader market. Itaú rose nearly 2%, while Bradesco and Santander gained more than 1% each. Utilities also moved higher, with Axia up more than 1% and Sabesp adding close to 2%. Among other standout performers were Ambev (+1%), Rede D'Or (+1%), and Telefônica Brasil (+1%). On the losing side, Petrobras slipped almost 0.5% as crude prices pulled back, and WEG fell more than 1% after its first-quarter 2026 results missed expectations, with net profit down 5.7% year over year.