Key Points
The Ibovespa rebounded 1.77% to 177,356 on Wednesday, bouncing off Tuesday’s oversold low as Brent crude collapsed 5.6% to $105 on growing optimism the Iran conflict could be resolved.
Oil’s decline reversed the Petrobras Paradox: the same crude drop that punishes Petrobras eased inflation and rate fears, letting Brazil’s rate-sensitive banks and domestics rally hard enough to lift the index.
The S&P 500 rose 1.08% to 7,433 and the Dow jumped 645 points as falling oil and Treasury yields lifted risk appetite ahead of Nvidia’s earnings.
Nvidia beat with $1.87 EPS on $81.6 billion revenue and guided Q2 to $91 billion, well above estimates, yet the stock slid after hours — a cautionary signal for risk into Thursday’s open.
