The Ibovespa rose 1.4% to above 137,500 on Tuesday, as investors focused on the government’s contingency plan for US tariffs, remarks from the finance minister, corporate earnings, and July’s CPI. Brazil’s annual inflation slowed to 5.23% in July from 5.35% in June, below market expectations of 5.33%, as the central bank kept interest rates at 15% to curb cost-of-living pressures. Markets await the government’s support plan for sectors hit by the US’s 50% tariff on Brazilian products. On Monday, Finance Minister Fernando Haddad said measures should include credit lines, deferred tax payments, government purchases of goods originally meant for export, and structural reforms to boost foreign sales. On the corporate front, BTG jumped over 5% after reporting 41.8% annual profit growth and record revenues, up 38.5% year-on-year. Iron and steel companies also advanced amid more signs of capacity cuts in China, lifting Vale and CSN by 1.2% and 1.6%, respectively.