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[BUSINESS] · Brazil, United States · 13 sources

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Brazil's B3 gains as foreign capital returns and oil prices fall amid US‑Iran talks

Foreign investors poured a net R$33.85 billion into Brazil’s stock market in the first half of 2026, with July showing only a modest outflow of R$419.8 million up to the 8th, the smallest since June. The inflow helped the Ibovespa climb 3.47% in July, driven by strong performances such as CSN Mineração, whose shares jumped 37.92% after a short‑squeeze and an accelerated share‑buyback programme.

Oil prices dropped sharply after U.S. President Donald Trump announced the cancellation of a planned attack on Iran. Brent fell 4.73% to US$83.77 per barrel and WTI slid 5.11% to US$80.34 per barrel on 3 August 2026. The price decline eased inflation concerns, supporting a more favourable risk environment for Brazilian equities.

The Brazilian real remained stable around R$5.07–5.08 per U.S. dollar, while market participants anticipate a Selic rate cut to about 13.75% by year‑end, reflecting expectations of lower inflation pressure. Overall, the combination of returning foreign capital, lower oil prices and a stable currency boosted sentiment on Brazil’s B3 exchange.

Entities

Brazil B3 (Bovespa) · Brent crude oil · CSN Mineração · DataWatch · Donald Trump · Ibovespa · Ibovespa · Selic · Selic (Brazilian central bank rate) · Ultrapar · Vibra

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