Brazilian stocks rose in early trading Tuesday, February 24, 2026, with the Ibovespa reaching 189,900 points, mirroring gains in New York futures. Investors are proceeding cautiously amid a complex mix of global uncertainties, including questions surrounding U.S. Trade policy, geopolitical tensions, and emerging concerns about the economic impact of artificial intelligence.
Shares of Vale (VALE3) and Petrobras (PETR4), along with major banks, led the gains. The commercial dollar rose to R$5.17. The market’s positive start follows a U.S. Announcement of an additional 10% tariff on all products not covered by exemptions, a move initially signaled by President Donald Trump on Friday, though scaled back from the previously mentioned 15%. This decision has created uncertainty as importers seek potential refunds totaling billions of dollars, and trading partners await clarity on existing tariff agreements.
Adding to the cautious sentiment, concerns persist regarding the potential effects of AI on the software sector and broader industries, while tensions between the United States and Iran continue to weigh on markets. The Ibovespa’s performance reflects the delicate balance between these global factors and domestic economic indicators.
Investors are also focused on upcoming earnings reports scheduled for release after market close, including those of C&A (CEAB3), GPA (PCAR3), Iguatemi (IGTI11), and ISA Energia (ISAE4).
Separately, President Luiz Inácio Lula da Silva is holding a working meeting with the President of the United Arab Emirates, Mohammed bin Zayed Al Nahyan, in Abu Dhabi, following a visit to Seoul.
In pre-market trading in the United States, Dow Jones Futures rose 0.10%, while Nasdaq Futures fell 0.10%, and the S&P 500 Futures gained 0.20%.
(Felipe Alves)
