FX.co ★ Ibovespa Rebounds on Tuesday

The Ibovespa index experienced an uptick of about 1% on Tuesday, surpassing the 126,500 mark. This rise followed a period of two consecutive sessions marked by significant declines, which had dropped the index to its lowest point in nearly a month. This recovery was largely driven by investor optimism regarding the potential renegotiation of stringent US tariffs with major partners such as the EU and Japan. Such developments reduced the threat of a protracted trade conflict and its broad economic repercussions. Domestically, the outlook was bolstered by positive fiscal indicators, including a primary deficit that was significantly lower than anticipated and a gross public debt level maintained at a relatively stable 76.2% of GDP. These signs suggest a more sustainable trajectory for Brazil's fiscal policy, easing concerns about excessive government intervention or unchecked inflation. Among the leading gainers on the São Paulo stock exchange were Petrobras, climbing 1.6%, Ambev up by 1.2%, WEG with a 0.7% increase, while financial heavyweights Banco do Brasil, Santander, and Itaúsa showed gains ranging from 1.2% to 1.5%.