FX.co ★ Ibovespa Edges Higher on Monday

On Monday, Brazil’s Ibovespa Index saw a slight uptick, closing at 164,849. This marginal increase helped recover losses from its earlier record-high levels, as selective gains in major stocks balanced out the pressure from global risk aversion. Petrobras experienced a 0.5% rise, and gains in utility stocks contributed to stabilizing the index, which had earlier been impacted by declines in consumer discretionary shares. On the downside, Natura's shares fell by 3.8%, continuing the sector’s weakness amid new tariff threats from the United States. President Trump had issued warnings indicating that significant European economies could face trade penalties should they obstruct the purchase of Greenland. Concurrently, Vale's shares dipped slightly due to news of initial iron ore shipments from Guinea’s Simandou project, which stirred worries about increased supply and potential dilution of market share. Furthermore, the central bank’s Focus survey indicated stability in inflation estimates, underscoring a robust domestic economic environment and helping to cushion equities from broader global softness.