The Ibovespa edged lower on Monday amid uncertainty over potential market repercussions following the capture of Venezuelan President Nicolas Maduro by the United States. Banking stocks traded mostly lower, with Itau down about 0.2% and Banco do Brasil losing over 1%. Utilities also underperformed, as Aegea fell more than 1% and Sabesp slipped 0.2%. Copel declined roughly 0.7% amid news of a scheduled outage affecting 214 consumer units, although the interruption in Curitiba’s Industrial City may be postponed in case of adverse weather. Petrobras slipped slightly despite OPEC+’s decision to keep output unchanged. On the upside, Vale gained more than 0.6%, supported by higher iron ore prices in China, as steelmakers replenished inventories ahead of the Lunar New Year and tight domestic supply provided additional support.