FX.co ★ Ibovespa Posts Strong Gains on Tuesday

The Ibovespa index advanced by 0.9%, closing at 146,425 on Tuesday. This surge followed the announcement that President Trump and President Lula are scheduled to meet next week. This development has alleviated recent diplomatic tensions and reduced the likelihood of additional US actions that might disrupt trade or hinder investor access, thereby decreasing the country's risk premiums. Domestically, the minutes from the Central Bank of Brazil's Monetary Policy Committee (Copom) suggested that following a decisive rate hike cycle, the Selic rate is expected to remain steady for the time being to ensure alignment with the inflation target. Meanwhile, federal revenue experienced a 1.5% decline in real terms in August compared to the previous year, amounting to R$208.8 billion, marking the first reduction in 2025. However, cumulative revenue from January to August saw a 3.7% growth in real terms, reaching R$1.89 trillion, setting a new record for the period. In the stock market, Petrobras saw a 2.4% increase, while major financial institutions also experienced gains, with Banco do Brasil rising 2.9%, Banco Santander up 1.2%, Itaú increasing by 1.6%, and Bradesco climbing 1.3%.