FX.co ★ Ibovespa Rebounds at Week Start

On Monday, the Ibovespa index experienced an increase of over 0.4%, closing at 132,971, fueled by a positive sentiment surrounding US trade discussions that enhanced risk appetite. Finance Minister Fernando Haddad indicated his intention to converse with US Treasury Secretary Scott Bessent. Meanwhile, President Trump extended an invitation to Lula, suggesting he could call at any time to address the ongoing issue of the 50% tariff imposed on Brazilian goods—a proposal that Lula responded to affirmatively, reiterating Brazil's readiness for dialogue. Globally, sentiment received a boost from June's payroll figures, which exceeded expectations, a slight recovery in Brazil’s industrial production, and intensified speculation regarding a potential Federal Reserve rate cut in September, sparked by Friday’s underwhelming US jobs data. In corporate developments, Raia Drogasil saw a significant increase of 6.1%, with B3 rising by 1.4% and Santander advancing by 1.7%. Conversely, Banco do Brasil dropped by 6.9%, following Central Bank data revealing a stark decline in its May "implicit profit," down to R$516 million from R$3.5 billion the previous year, which prompted considerable downward adjustments in Q2 earnings projections.