FX.co ★ Ibovespa Struggles for Direction

On Tuesday, the Ibovespa index lingered just below the breakeven point, settling around the 129,500 mark. This stagnation was primarily due to uncertainties surrounding global trade policies, which dampened investor confidence. While there was some optimism following U.S. President Trump's reconsideration of a 25% tariff suspension on imported vehicles and auto parts, his erratic policy decisions have heightened apprehensions about ongoing trade dynamics. This concern extends to potential regulatory changes in critical industries such as semiconductors and pharmaceuticals. As a result, investors have largely taken a cautious stance, causing the market to remain flat, with commodity producers and financial institutions facing downward pressure.