The Ibovespa edged lower to trade below 181,500 on Tuesday, pressured by underwhelming results from Petrobras. Shares of the oil producer fell about 2% after the company reported a 7.2% annual decline in first-quarter 2026 profit, alongside weaker adjusted EBITDA and lower diesel and gasoline revenues. Major banks also traded lower as Brazil’s inflation rate picked up in April, driven by higher food and fuel prices and moving closer to the upper limit of the central bank’s target range. The data reinforced concerns that persistent inflationary pressures could slow the pace of future Selic rate cuts. Higher bond yields added to worries over borrowing costs and weaker credit demand. Ita