Ibovespa climbs 1.2% on broad gains
Brazil’s Ibovespa rose 1.2% to close at 187,367 points. Petrobras gained 2.1% on oil strength after attacks on Saudi energy infrastructure. Banks advanced, with Bradesco and Itaú among leaders, as the Focus survey projected lower inflation.
2% to close at 187,367 points on Tuesday after Monday’s holiday, with gains spread across the market. 1% as oil prices surged after attacks on energy infrastructure in Saudi Arabia amid renewed hostilities in the Middle East. 2%, as Tuesday’s Focus survey kept projecting lower inflation and increased the prospect of further interest-rate cuts. A BTG/Nexus poll pointed to a technical tie between Flávio Bolsonaro and President Lula in a potential presidential runoff, although Flávio moved into a numerical lead of one percentage point.
A Monday Quaest poll also had the two tied at 41% in a second-round scenario. Markets view Flávio Bolsonaro as more fiscally restrictive amid elevated yields and weak business activity. 1% after brokerages lifted their price targets following a meeting with company management.