Key Points
The Ibovespa nearly steadied Monday, slipping just 0.21% to 168,669, and is now resting right on a key long-term support line.
The selling has slowed sharply after a difficult two weeks, with the index sitting at its most oversold level of this stretch — a point where bounces often begin.
The real remains weak, with the dollar near 5.19 reais, though the dollar’s surge is now looking stretched after a strong run.
Iran and Israel both paused their attacks after a US appeal, easing some of the tension that had rattled markets and pulling oil prices back from their highs.
