FX.co ★ Ibovespa Rises Amid Trade Talks and Macroeconomic Data Releases

On Monday, the Ibovespa index experienced a slight increase, reaching approximately 137,000, as investors kept a keen eye on a variety of economic events and ongoing trade discussions between Brazil and the United States. Recent data from the IBC-Br, an indicator often considered a proxy for Brazil's GDP, showed a 0.1% decline in June following a 0.7% decrease in May. This has intensified calls for the central bank to adopt a more accommodative monetary policy stance. Meanwhile, Finance Minister Fernando Haddad described trade negotiations with the US as stalled, labeling the demands from Washington as “constitutionally impossible” for Brazil. He also cautioned about the potential for further declines in bilateral trade due to tariffs imposed by US President Trump. On the corporate side, shares of Petrobras rose by 0.4%, Itaú Unibanco by 0.3%, Bradesco by 0.6%, and Ambev by 0.2%. Conversely, Embraer saw a decrease of 4%, and Banco do Brasil fell by 2%.