Brazil’s central bank will have to weigh potential price pressures from the U.S.-China trade war against prospects of a disappointing recovery when determining how long its easing cycle will last.
After trading lower for a good part of Tuesday's session, the Ibovespa closed higher for the third consecutive day (+0.64%), to 71,404.59 points, driven mainly by the shares of Petrobras and Vale. The improvement in the U.S. stock markets also helped to recover the benchmark stock index in Brazil, although concerns remain about a world trade war.