EWZ is trading at a 3.51% gain, driven primarily by Brazil’s equity rally and Petrobras’s gains as Middle East tensions lifted crude prices.
- The Ibovespa rose 1.30%, extending its winning streak to ten sessions.
- Petrobras gained 4.1%, while Brazil’s real strengthened against the dollar.
- The broader geopolitical oil shock is benefiting Brazil’s large energy exposure; renewed Selic easing expectations support stocks, outweighing cautious global risk sentiment and higher U.S. yields.