FX.co ★ Ibovespa Off to a Strong Start

On Monday, the Ibovespa index experienced a 1.4% increase, closing at 129,454. This upward movement was driven by favorable global sentiment and renewed optimism following the U.S. government's decision to expand exemptions on recent tariff measures. This development spurred growth among Brazil's commodity producers and major financial institutions. Over the weekend, U.S. Customs announced that specific technology products—including smartphones, laptops, and other electronics—would be excluded from the 145% tariffs targeting China and the baseline 10% duties. This news alleviated concerns of a broader economic slowdown amid escalating trade tensions between the world's two largest economies. Although President Trump indicated that additional sector-specific tariffs, particularly on imported semiconductors, were still a possibility, the market drew confidence from the immediate relief. Gains were observed across various sectors, with major players such as Vale, Ambev, and WEG seeing increases between 1.2% and 1.7%. Financial stocks, including Banco do Brasil, Santander, Itaúsa, and Bradesco, advanced between 0.9% and 1.9%.