Issue 02 April 2026

The ceasefire and what comes next

On April 8 Brent dropped 13% in a single session. Ibovespa hit a record. Hormuz remained closed. Real relief or pause?

Ibovespa +2.09% on Apr 8
BRL/USD low since May/24
Brent −13% on Apr 8
Selic COPOM Apr 28-29
Volume Apr 8 YTD high

English translation in progress. Read the Portuguese version here, or subscribe to receive future editions.