FX.co ★ Ibovespa Rebounds on Tuesday

The Ibovespa index rose by 0.5%, closing at 132,726 on Tuesday. This uplift was driven by reduced trade-war concerns, strengthening commodity prices, and positive corporate developments. Renewed discussions around a tariff truce between the US and China, coupled with a US–EU framework agreement, alleviated the threat of expanded tariffs on Brazilian exports, offering relief to sectors such as agribusiness and industry. Additionally, the rise in Brent crude prices to over $72, spurred by fresh sanctions fears concerning Russia and Ukraine, benefited oil and gas producers. Meanwhile, shares of Embraer increased by 2.5% following government announcements of potential contingency measures to protect its jet exports from an impending 50% US tariff. On the macroeconomic side, July's business-confidence indices exceeded expectations, and the IMF's remarks on Brazil's sustainable fiscal path have bolstered expectations that the Central Bank will maintain the Selic rate at the upcoming Copom meeting, striving to balance inflation control with economic growth support.