empty
 
 

04.08.202613:46:19UTC+00Ibovespa Gains Ahead of BCB Selic Decision

The Ibovespa climbed nearly 1% on Tuesday, moving back above the 179,000 level, supported by weaker oil prices and rising expectations of a Selic rate cut. Crude retreated after U.S. President Donald Trump called off planned strikes on Iran in an effort to revive negotiations, easing fears of energy-driven inflation. This more benign backdrop strengthened bets that the BCB will lower its benchmark interest rate from 14.25% at Wednesday’s meeting.

Financials led the advance, with Itaúsa up about 1% and B3 gaining more than 2%. BB Seguridade added over 1% after posting a 3.2% year-on-year increase in net profit. Vale rose roughly 2.5% on the back of firmer iron ore prices, while utilities also traded higher, with Auren and Sabesp each advancing around 1.5%. Ambev and WEG were up about 1%, whereas Petrobras slipped 1%, tracking the decline in oil prices. Investors were also awaiting earnings results from Itaú, Gerdau, RD Saúde, and Prio after the closing bell.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In August we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback