FX.co ★ Ibovespa Starts the Week Strong

The Ibovespa index increased by 0.5%, closing at 134,097 on Monday, driven by a renewed upswing in commodities. This rise was notably influenced by a significant surge in iron ore futures, sparked by hopes of economic stimulus in China and prospects of a major dam project, along with positive corporate developments. Vale's shares led the upward trend, climbing 3.8% as the boost in iron ore prices improved its earnings outlook. Meanwhile, Petrobras advanced, supported by stable oil prices amid Middle East tensions and strong refining margins. Beyond the energy and mining sectors, there was a broadening of gains: Fleury, a healthcare lab operator, soared 15% following discussions of a potential merger with Rede D'Or.