Key Points
The big news: the US and Iran reached a peace deal on Sunday to end nearly four months of war, reopen the Strait of Hormuz and lift the US blockade — a major relief for global markets.
The relief rally has gone worldwide, and the lead has passed from the United States to everyone else: Japan and South Korea hit record highs overnight, and Europe surged on Friday.
The Ibovespa held its ground Friday at 171,133, locking in Thursday’s strong 1.7% rally and settling comfortably above its key support.
The real has clawed back its losses, with the dollar easing to about 5.06 reais from nearly 5.19 a week ago — and a softer dollar worldwide is helping the whole region.
