At 10:26 am (Brasilia time) this Monday (25), the Ibovespa It registered a slight increase of 0.41%, to 176,927.56 points. On Friday (22), the main indicator of Brazilian Stock Exchange (B3) It fell 0.81%, to 176,209.61 points, with a cumulative decline of 0.61% for the week. Of greater weight in the composition of… B3, the actions of Vale (VALE3) and from Petrobras (PETR3; PETR4) Brazilian oil and gas were trading in negative territory, down 0.53%, 2.05%, and 1.96%, respectively. This morning, the market is operating with lower liquidity due to the Memorial Day holiday, while investors continue to monitor diplomatic negotiations between the United States and Iran. On Sunday (24), President Donald Trump stated that he had instructed his team not to accelerate any eventual agreement with Iran, reducing expectations of immediate progress in negotiations. A day earlier, Trump had declared that Washington and Tehran had already “largely negotiated” a memorandum of understanding to reopen the Strait of Hormuz, a route through which about 20% of global oil and liquefied natural gas trade passed before the conflict. Despite the uncertainties, the market remains relatively optimistic, a movement that pressured oil prices in the international market. Brent was trading below US$100 per barrel, while WTI was trading in the US$90 per barrel range. Domestically, the president of the Central Bank (BC), Gabriel Galípolo, will participate at 11:00 AM in a press conference about the Financial Stability Report, alongside the Director of Supervision, Ailton de Aquino. Meanwhile, the interim Minister of Finance, Dario Durigan, will participate in the launch of the 5th Eco Invest Brasil auction and the announcement of the results of the 4th auction. In the political arena, the Minister of the Attorney General's Office, Jorge Messias, returns from vacation and is expected to meet with President Luiz Inácio Lula da Silva after his nomination to the Supreme Federal Court was rejected in April. In the electoral field, a BTG/Nexus poll showed Lula numerically ahead of Senator Flávio Bolsonaro in a possible second round, with 47% of voting intentions compared to 43%. This result reinforces a similar trend already indicated by Datafolha after the repercussions of the Dark Horse case, involving Flávio Bolsonaro and former banker Daniel Vorcaro. Finally, the BC released a new edition of the Focus Bulletin. The market raised its 2026 IPCA (Brazilian consumer price index) projection from 4.92% to 5.04%. Estimates for 2026 GDP increased, while projections for 2027 were revised downwards. Meanwhile, FGV Ibre reported that the Consumer Confidence Index (ICC) fell 0.3 points in May, interrupting a two-month upward trend.
This text was translated by machine from Brazilian Portuguese.