Ibovespa Rises on Lower Oil Prices

The Ibovespa gained 0.7% to close at 186,596 on Monday, rebounding after ending the previous week in the red amid lower international oil prices. Oil prices declined on hopes for diplomatic progress between the US and Iran. Iranian President Masoud Pezeshkian is expected to attend the United Nations General Assembly in New York this week, and US President Donald Trump said he would be open to meeting him. Bond yields eased as the halt in the oil rally cooled concerns over energy-driven inflation, lending support to credit-sensitive shares. Financials advanced, with Itaú up 1.8% and Bradesco rising 0.9%. Utilities also gained, with Axia up 2.5%. The financial market lowered its 2026 Selic forecast from 13.75% to 13.50%, while raising its 2026 inflation forecast from 4.90% to 4.92%, according to the BCB’s Focus Bulletin.