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23.03.202614:15:15UTC+00Ibovespa Jumps as Middle East Tensions Ease and Oil Prices Fall

The Ibovespa climbed more than 3% on Monday, moving above the 181,000-point mark, after conciliatory comments from US President Trump improved sentiment around global energy markets. The softer tone from Washington reduced fears of a broader escalation in the Middle East conflict, triggering a pullback in oil prices that had previously surged and fueled stagflation worries.

The decline in crude eased energy-driven inflation concerns, helping to push down bond yields and bolstering credit-sensitive sectors. Major banks advanced, with Bradesco gaining more than 3.5%. Other index heavyweights such as Axia, Embraer, and Rede D'Or also rose more than 3%. In contrast, Petrobras slipped around 0.4% in response to the weaker oil prices.

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