Key Facts
The S&P 500 flatlined closing dead level at 7,483 on Friday, just 1.7% shy of its 52-week high, while the Ibovespa notched a second straight advance to 174,070, up 0.74%.
Fed cuts have all but vanished from the calendar with markets now bracing for no easing in 2026 and even flirting with a hike after Chair Kevin Warsh’s hawkish June pause.
Oil sits below $70 with WTI near $68.78 and Brent around $72, as Strait of Hormuz shipping normalises and Saudi exports rebound to roughly 90% of pre-war levels.
The dollar eased against the real with USD/BRL down 0.66% to 5.1686, now 7.5% below its 52-week high, a tailwind for Brazilian assets.
