Brazil: Ibovespa Falls on Rising Yields and Political Tension.

The Ibovespa fell 1.5% to close at 174,279 on Tuesday as investors reacted to a new election poll and persistent inflation concerns. An Atlas survey for Bloomberg showed Senator Flavio Bolsonaro losing support for October’s presidential election following reports linking him to former banker Daniel Vorcaro, who was charged with fraud. Meanwhile, oil prices remained elevated as markets looked past President Donald Trump’s decision to postpone attacks on Iran, keeping stagflation fears in focus. Brazil’s 10-year bond yield also moved higher, pressuring financial stocks. Banco do Brasil fell 0.93%, Bradesco lost 1.53%, Itau Unibanco dropped 2.12%, and Santander Brasil slipped 0.37%. B3 plunged 4.96% after appointing Christian Egan as its new CEO, replacing Gilson Finkelsztain. Vale declined 1% on weaker iron ore prices in China, while Petrobras lost 0.75% as oil prices edged lower, though still above $100 per barrel.