FX.co ★ Ibovespa Edges Up as Central Bank Minutes Support Mood

The Ibovespa experienced a modest increase of approximately 0.2% on Tuesday, surpassing the 136,000 mark during a volatile trading session. This movement was influenced by the latest minutes from the central bank, which hinted at a potential pause in the current cycle of monetary tightening. The policymakers indicated that the Selic rate might remain unchanged for an extended period to ensure that inflation aligns with targets. On the global stage, markets responded positively following the announcement of a ceasefire between Israel and Iran—a development disclosed by US President Trump after U.S. military actions on Iranian nuclear facilities. However, the calm was short-lived as tensions flared anew when Israeli Defense Minister Israel Katz announced renewed strikes on Tehran, jeopardizing the truce. Meanwhile, oil prices continued their decline, and iron ore prices also fell across major Asian trading markets. As a result, Petrobras shares saw a decline of more than 2%, and shares of Vale, CSN, and Gerdau also retreated. Conversely, the retail sector fared better, with companies such as Magazine Luiza and Casas Bahia enjoying gains ranging from 0.5% to 3%.