2025.04.2220:25:04UTC+00Ibovespa Rebounds on Tuesday

The Ibovespa index recovered from early setbacks to close 0.6% higher at 130,464 on Tuesday. This upturn was supported by reassurances from the White House about advancements in alleviating trade tensions between the U.S. and China, alongside Treasury Secretary Scott Bessent’s assertion that current tariffs are untenable. Additionally, the testimony of Central Bank President Gabriel Galípolo to the Senate—highlighting a commitment to a data-driven approach for controlling inflation and maintaining the independence of monetary policy—boosted significant financial institutions, including Banco do Brasil, which rose by 1.3%, and Itaú, with a 2.3% increase. Simultaneously, the resumption of Mercosur–EU trade negotiations during President Lula's visit to Chile positively impacted exporters. Among the beneficiaries were leading companies Vale and JBS, which saw gains of 2.1% and 2.4%, respectively, driven by indications of renewed Chinese demand.