Key Points
Wall Street roared on Monday — the S&P 500 rose 1.7%, the Nasdaq jumped 3.1% and the Dow hit a record — as the US–Iran peace deal pulled oil sharply lower.
Brazil is the odd one out: the Ibovespa slipped to 170,415, drifting back toward its long-term floor while the rest of the world rallied.
Oil fell toward $83 a barrel, a two-month low, as the deal promises to reopen the Strait of Hormuz by week’s end — good news for inflation everywhere.
The real held steady near 5.05 per dollar, catching its breath after a bruising few weeks.
