FX.co ★ Brazil Equities Rise on Oil Pullback

The Ibovespa rose 0.7% to close at 169,813 on Tuesday, as declining oil prices eased inflation concerns and drove bond yields lower, bolstering financial stocks and the broader market. Among the major banks, Itaú advanced 1.8%, Bradesco gained 1.2%, and Itaúsa added 1.3%. Utilities also moved higher, with Sabesp up 1.7%. Other notable gainers included Ambev, which climbed 0.8%, and Rede D'Or, which rose 1.9%. On the downside, WEG fell 1.5% after posting first-quarter 2026 results that missed expectations, with net profit down 5.7% from a year earlier.