The Ibovespa edged 0.1% lower to close at 166,784 on Monday, marking a tenth consecutive session of losses. Tensions in the Middle East persisted, with little sign of a near-term resolution. Inflationary pressures increased amid higher oil prices, weighing on financials and the broader index. Itau shed 1.6%, Bradesco lost 1.9% and Banco do Brasil retreated 2.3%. The IBC-Br showed a slightly larger-than-expected decline, falling 0.6%, its biggest drop since May 2025. The data added to evidence of a slowing economy. Casas Bahia (-33.3%) filed for judicial recovery following a multibillion-real loss in 2Q26. Meanwhile, a Quaest poll released late Friday showed President Lula and Senator Flavio Bolsonaro in a technical tie in a potential second round of the October presidential election. The same scenario was indicated by the BTG/Nexus poll. Previous polls had shown Lula ahead of Flavio Bolsonaro, who is seen as more fiscally strict, in a potential second round.