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2026.03.2420:21:45UTC+00Ibovespa Rebounds on Tuesday

The Ibovespa closed up 0.3% on Tuesday, at 182,509 points, as a late rebound in Petrobras and Vale offset the drag from rising interest rates. Petrobras jumped 3.7% after Brent crude surpassed $102 per barrel, while Vale gained 0.8%, providing crucial support to the index. These advances counterbalanced a selloff in the banking sector, where Itaú retreated 0.4% and Bradesco slid 1.1% amid higher future interest rates.

Minutes from the Central Bank reinforced that oil price volatility remains a key factor in calibrating the Selic rate cycle, which dampened demand for credit‑sensitive utilities. Despite the turbulent external backdrop, foreign investors continue to show strong interest in Brazilian assets, with net inflows reaching R$ 48.6 billion so far this year.

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