FX.co ★ Ibovespa Rises on Energy Gains

The Ibovespa advanced about 0.5% on Thursday, moving back above the 171,000 mark, driven primarily by gains in energy stocks. Petrobras climbed nearly 1% as investors reassessed the outlook for global oil supply in the wake of renewed US–Iran tensions. Banking shares also strengthened, with Itaú and Bradesco each adding more than 0.5%. Vale recovered 0.5% despite a drop in iron ore prices. Among other highlights, Ambev and Embraer both rose more than 0.5%. On the policy front, US Trade Representative Jamieson Greer said a decision on potential US tariffs on Brazilian imports would be announced “very soon,” although he noted that the two sides remain far apart in their negotiations.