Ibovespa advances 0.70% on Tuesday morning.

At 10:22 am (Brasilia time) this Tuesday (2), the Ibovespa The index registered a moderate increase of 0.70%, reaching 173,407.53 points. The previous day (1st), the main indicator of the Brazilian Stock Exchange (B3) fell 0.91%, to 172,197.46 points. Among the companies with the greatest weight in the composition of… B3, the actions of Vale (VALE3) They rose 0.86%, while those of Petrobras (PETR3; PETR4) Brazilian markets were operating in stable territory with a downward bias (-0.09% and -0.06%, respectively). This morning, investors were reacting to the conclusion of the investigation conducted by the Office of the United States Trade Representative into trade practices adopted by Brazil. The agency proposed the application of a 25% tariff on part of Brazilian imports, alleging that certain policies of the Brazilian government were "unreasonable" and were restricting US trade. The measure, however, includes a broad list of exceptions. Several agricultural products, such as coffee, tea, fruits, cereals and seeds, as well as aircraft, aeronautical components, fertilizers, pharmaceuticals and organic chemicals, would remain exempt. The deadline for any adoption of the measures expires on July 15. To date, the Brazilian government has not released an official statement on the report. In the field of economic indicators, the Foundation Institute of Economic Research (Fipe) reported that the Consumer Price Index (IPC-Fipe) Brazilian inflation rose 0.45% in May, following a 0.40% increase in April. This brought the accumulated inflation over 12 months to 3.65%, while the year-to-date inflation reached 1.92%. Internationally, the market remains attentive to developments in the Middle East conflict. In another chapter of conflicting messages, US President Donald Trump stated that negotiations with Iran are ongoing. On the other hand, Iranian authorities said that indirect talks with Washington have been suspended. Even amidst geopolitical uncertainties, oil prices registered losses this morning, although they remain at significantly higher levels than those observed before the start of the conflict. Finally, investors await the release of the report. JOLTSwhich will show job openings in the US in April and may offer new signals about the trajectory of the US economy and monetary policy. Federal Reserve (Fed).

This text was translated by machine from Brazilian Portuguese.