The Ibovespa surged 3.24% on Monday (23), reaching 181,900 points, driven by Donald Trump's statements on US-Iran talks. Brent oil dropped 9.6% to $96.3, and the dollar fell to R$5.23.
Brazil's main B3 index, the Ibovespa, rose 3.24% on Monday (23), closing at 181,900 points. The gain followed a relief rally after US President Donald Trump's comments on “very good and productive conversations [between the US and Iran] about a complete and total resolution of hostilities in the Middle East,” as reported by VEJA. Iran denied any negotiation attempts. Trump's remarks nonetheless boosted investor sentiment, encouraging diversification into risk assets in emerging markets like Brazil. Economist and investment specialist Danilo Coelho stated: “With this, more foreign capital enters the country, mainly in stocks and companies, which will have much less headache related to oil and freight costs” (VEJA). Banks led gains: Bradesco (BBDC4) +3.66%, Santander (SANB11) +3.11%, Banco do Brasil (BBAS3) +2.97%, Itaú (ITUB4) +2.96%. The dollar declined over 1% to R$5.23, aided by Brent crude's 9.6% drop to $96.3, easing inflation fears. Domestically, the Central Bank's Focus Bulletin raised 2025 IPCA forecast to 4.17% from 4.10% and Selic to 12.5% from 12.25%.