Ibovespa Rises on Softer Inflation Forecasts and Global Optimism

The Ibovespa rose 0.9% to around 142,000 on Monday, lifted by easing inflation forecasts and global optimism.

Brazil’s Focus survey lowered the 2025 CPI estimate from 4.80% to 4.72%, though still above the 4.5% target ceiling.

Abroad, markets reacted positively after Donald Trump softened his tone toward China, saying “everything will be fine” and confirming plans to meet Xi Jinping in South Korea.

Commodity and financial stocks led gains: Vale rose 1.4%, CSN 2.2%, Gerdau 1.2%, and Petrobras 0.5%.

Banks advanced (Itaú +0.7%, Banco do Brasil +1.4%), alongside utilities (Engie +2%, Eletrobras +0.7%).

Santander gained 0.7% after announcing R$2 billion in interest on equity.

Ambipar added 1.4% after XP Investimentos said it is studying an Ambipar bond fund to recover investor losses, while Raízen fell 1.1% as a major investor reportedly exited its external debt position.