Wednesday, June 3, 2026 · Covering Tuesday June 2 session
Summary
Brazil stock market report: the Ibovespa rose 1.16% to 174,197.64 on Tuesday June 2, a bullish reversal that opened at the low and closed near the high, the bounce the oversold chart had set up. Steelmakers led after US tariff revisions, with CSN, Gerdau and Usiminas surging and Vale gaining 4% on iron ore. The real held at 5.0044 as the RSI lifted off its oversold low to 37.09. Confirming the bounce needs a reclaim of the 175,169 cluster, with the June 17-18 Copom the next test.
The Big Three
The Ibovespa closed at 174,197.64, up 1.16%, opening at the 172,198 low and running to a 174,894 high before settling near it. The reversal candle ends the run of losses and lifts the index back above 170,401, though the 175,169 to 175,472 cluster overhead is the level a recovery must reclaim.
