Key Points
Last week’s peace optimism has frayed: the US-Iran signing ceremony in Switzerland was cancelled on Friday, and a final agreement is now stuck in a 60-day negotiating window.
Oil bounced off its lows. Brent steadied near $80 a barrel, having erased almost all the gains built up during the four-month conflict.
Brazil’s Ibovespa closed Friday almost exactly flat at 168,334, a fifth straight directionless session glued to its long-term floor.
The real held near 5.15 per dollar, still pressured by last week’s hawkish signal from the US Federal Reserve.
