FX.co ★ Ibovespa Rises for Fourth Consecutive Session

The Ibovespa rose 0.5% to close at 171,907 on Monday, marking its fourth straight gain after eleven consecutive sessions of losses. Vale advanced 2.8%, driven by higher iron ore futures in China amid fresh indications of stimulus from Beijing and expectations of stronger demand ahead of the peak construction season in September.

Bank stocks also moved higher as the Focus Survey projection for the Selic rate at the end of 2026 remained at 13.75% for the third consecutive week. Banco do Brasil climbed 0.9%, and B3 gained 2.4%. Bradesco (+0.2%) and Itaú (+0.3%) were little changed after central bank director Gabriel Galípolo warned of rising household indebtedness and urged caution regarding additional stimulus to credit and consumption.

Petrobras fell 2.3% as oil prices retreated ahead of US sanctions on Iran. Braskem slumped 6.7% after confirming an out-of-court restructuring, and B3 announced the company would be removed from its indexes.