Ibovespa rose more than 1% this Wednesday morning, to 184,759 points.

At 10:28 am (Brasilia time) this Wednesday (25), the Ibovespa It was operating at a strong high of 1.23%, at 184,759.45 points, however, with an accumulated gain in the partial week of 1.38%. On the previous day (24), the main indicator of Brazilian Stock Exchange (B3) It rose 0.32%, to 182,509.14 points. The most heavily weighted component of the B3 index is… Vale (VALE3) It advanced 1.50%, while the shares Petrobras (PETR3; PETR4) They fell by 1.25% and 1.44%, respectively.

Geopolitical relief supports the index.

This morning, the upward movement of Ibovespa reflects signs of progress in negotiations between United States and Iran for a possible ceasefire in the Middle East. The US President Donald TrumpHe stated that there is progress in negotiations to end the conflict, including a possible 15-point agreement proposal presented by Washington. According to the Republican, the US is dialoguing with "the right people" in the country. Iranwhile Iranian authorities signaled a reduction in tensions in Strait of Hormuz, allowing the passage of vessels considered non-hostile — although they denied formal negotiations with the Americans. The prospect of Resumption of oil exports through the Persian Gulf This contributes to lowering commodity prices and alleviating global inflationary concerns, favoring currencies of emerging countries, such as the Brazilian real.

Domestic politics also has an influence.

Node Brazilinvestors are monitoring the New election research released by AtlasIntel, in partnership with Bloomberg.The survey shows a tight race between Flávio Bolsonaro, with 47.6% of voting intentions, and President Luiz Inácio Lula da Silva, with 46.6%, within the margin of error of one percentage point. Furthermore, the research indicates an increase in government disapproval, which reached 53.5%, compared to 45.9% approval, widening the gap compared to previous months.

This text was translated by machine from Brazilian Portuguese.