01.04.202520:19:22UTC+00Ibovespa Rebounds on Tuesday

The Ibovespa index rose by 0.7% to settle at 131,147 on Tuesday, recuperating from the steep declines experienced the previous day, which had pushed the São Paulo stock exchange to its lowest in two weeks. This rebound was propelled by impressive performances from commodity producers and meat processing companies, including major players like Petrobras and Vale, which saw increases of 0.5% and 1.2%, respectively. Additional gains were seen in CPFL Energia, Gerdau, and Vibra Energia, each advancing between 1.9% and 2.9%. The meat industry also showed strong growth, with JBS climbing 2%, BRF increasing by 2.9%, and Marfrig soaring by 4.7%. Nonetheless, the upward trend was somewhat subdued due to persistent fears of more aggressive U.S. tariffs potentially disrupting global trade and economic activity. Domestic challenges, such as fiscal imbalances and the prospects of stricter monetary policy to combat inflation, continued to weigh on investor sentiment. This led to selective selling of local stocks, with Banco Bradesco being the most significant decliner, dropping by 1.3%.