FX.co ★ Ibovespa Starts the Week in the Red

On Monday, the Ibovespa index saw a slight decrease of 0.3%, dipping below the 132,000 mark, as investors demonstrated caution in anticipation of the April 2nd tariff deadline. However, insider reports indicate that the tariffs proposed by President Trump might be more focused and less comprehensive than originally anticipated, potentially reducing the risk of major trade disruptions. Meanwhile, favorable domestic developments provided some market support. Finance Minister Fernando Haddad hinted at potential positive surprises in inflation rates and suggested strategic monetary policy adjustments could be on the horizon. Additionally, optimistic forecasts concerning exchange rates, GDP growth, and inflation underpinned investor sentiment. Despite this, many stocks either remained stagnant or saw declines. Notable companies such as Eletrobras, Companhia Sanea, Rede D'Or, and Embraer experienced declines ranging from 1.2% to 2%. Conversely, Vale, the iron ore giant, bucked the trend by advancing approximately 1%, somewhat counterbalancing the overall market wariness.