FX.co ★ Ibovespa Falls Amid US Strikes on Iran

The Ibovespa slipped below 177,500 on Tuesday after fresh US strikes on Iran dampened hopes for an imminent peace deal. The renewed military action intensified uncertainty over the timing of a reopening of the Strait of Hormuz, reviving concerns about persistent inflation and the prospect of interest rates staying higher for longer.

Major banks retreated, with Santander, Bradesco, and Itaú each losing close to 1%. Utilities also traded lower, led by Axia, which fell more than 1%.

In the corporate sphere, Rede D'Or dropped over 1% after announcing an investment agreement with Atlântica — a group formed by two indirect subsidiaries of Bradesco Saúde — for the future construction and operation of a hospital in Rio de Janeiro. São Martinho also declined more than 1%, despite reporting Q1 2026 EBITDA that exceeded market expectations.

On the trade front, Japan is preparing to launch negotiations on an Economic Partnership Agreement with Mercosur.