Markets in Decline with Focus on the Middle East
The Ibovespa started the session in negative territory this Tuesday, reflecting increased global risk aversion amid new US attacks on Iran. The index fell more than 1% and tested lows near 175,574 points, even as Wall Street traded higher.
Brent crude rose nearly 4%, surpassing US$ 97 per barrel, benefiting Petrobras shares, which led the index gains.
Key Movements
- Petrobras (PETR3 and PETR4): shares rose up to 0.9%, driven by the appreciation of the fossil fuel.
- Dollar: traded near R$ 5.03, with a slight gain of 0.23%.
- Micron: chipmaker reached US$ 1 trillion in market value for the first time, fueled by optimism over artificial intelligence.
Other Highlights
Vice President Geraldo Alckmin noted that ending the 6×1 work scale will mainly benefit women, who balance work and household tasks.
BTG Pactual expressed cautious optimism on Argentina, while analysts revised forecasts for companies such as Cyrela and WEG.
Japan is set to begin trade talks with Mercosur in search of energy alternatives.
International Scenario
The US Navy resumed escorts in the Strait of Hormuz after regional tensions. Iran accused the US of violating the ceasefire and vowed a response to new aggressions.
In Brazil, BNDES confirmed the sale of Petrobras shares in May to reallocate resources.