Ibovespa Falls for Tenth Straight Session as Brazil Risks Build
The Ibovespa edged 0.1% lower to 166,784 on Monday, its tenth straight decline, as Middle East tensions, higher oil prices, weaker IBC-Br data and a bankruptcy filing weighed on sentiment.
The Ibovespa edged 0.1% lower to close at 166,784 on Monday, marking a tenth consecutive session of losses.
Tensions in the Middle East persisted, with little sign of a near-term resolution.
Inflationary pressures increased amid higher oil prices, weighing on financials and the broader index.
Itaú shed 1.6%, Bradesco lost 1.9% and Banco do Brasil retreated 2.3%.
The IBC-Br showed a slightly larger-than-expected decline, falling 0.6%, its biggest drop since May 2025.
The data added to evidence of a slowing economy.
Casas Bahia (-33.3%) filed for judicial recovery following a multibillion-real loss in 2Q26.
Meanwhile, a Quaest poll released late Friday showed President Lula and Senator Flávio Bolsonaro in a technical tie in a potential second round of the October presidential election.
The same scenario was indicated by the BTG/Nexus poll.
Previous polls had shown Lula ahead of Flávio Bolsonaro, who is seen as more fiscally strict, in a potential second round.