Ibovespa Wavers Near 168,000 as Brazil Cuts Rates to 14.25% and Oil Slips
Updated
Updated · TradingView · Jun 18
Ibovespa Wavers Near 168,000 as Brazil Cuts Rates to 14.25% and Oil Slips
3 articles · Updated · TradingView · Jun 18
Summary
Near 168,000, the Ibovespa swung between gains and losses on Thursday as investors digested Brazil’s latest rate cut, a hawkish Fed hold and a US-Iran interim peace deal.
Brazil’s central bank lowered the Selic rate by 0.25 percentage points to 14.25% but signaled inflation may take longer to return to target, leaving its next moves open.
The Federal Reserve kept its benchmark rate unchanged and maintained a hawkish tone, adding to caution across risk assets.
Petrobras fell nearly 1% as oil prices dropped after the US-Iran deal aimed to end the conflict and reopen the Strait of Hormuz; Vale also lost nearly 1% as iron ore eased.
Bank shares were mixed, with Bradesco down more than 0.5%, Santander slightly higher and Itaú roughly flat, underscoring the market’s lack of direction.