Key Points
Brazil’s Ibovespa finally broke its long stall, climbing 1% on Monday to close above 170,000 after five flat sessions glued to its floor.
Lower oil lifted the mood, helping banks lead the way: Itaú and Bradesco both rose nearly 2%.
The day’s main event is at home: the central bank publishes the minutes of last week’s rate-cut meeting this morning, the detailed account of its tougher new tone.
The weekly Focus survey of economists nudged its end-2026 Selic forecast up to 13.75% and its 2026 inflation forecast to 5.30%, a 14th straight increase.
