FX.co ★ Ibovespa Steady as Investors Await Tariff Response

On Monday, the Ibovespa remained relatively stable around the 136,000 level, as investors paid close attention to government discussions aimed at supporting industries affected by US tariffs. President Luiz Inácio Lula da Silva is scheduled to confer with Vice President and Development Minister Geraldo Alckmin, who has been at the forefront of these initiatives, later today. A contingency plan from the government is anticipated by Tuesday. In corporate movements, Vale saw an uptick of 0.8% as global iron ore prices surged following the Chinese government's decision to cease operations at major steel mills to combat overcapacity, thereby enhancing sector margins and elevating mined iron prices. Meanwhile, Petrobras experienced a recovery with a 1.3% rise, CSN inched up by 0.2%, whereas Gerdau declined by 0.5%, and Embraer dipped by 0.7%.