The Ibovespa lost 1.2% to close at 137,116 on Friday, its steepest one-day drop in weeks, as investors returned from holiday to digest the central bank’s surprise Selic hike to 15%, which further tightened borrowing costs and clouded the outlook for credit-sensitive sectors. Bank and consumer-finance names were hit hardest: Santander fell 2.2%, Bradesco slid 1.7%, Itaúsa dropped 1.1% and Banco do Brasil eased 1.9% after Copom’s hawkish tone signaled that tightening would persist “for a very long period” if inflation remains elevated. Retailers and real-estate stocks also suffered amid forecasts that higher rates will damp household spending and curb new construction. Meanwhile, Petrobras’s modest dividend payout failed to buoy energy shares, leaving the São Paulo exchange to finish the week down 0.1%.

Ibovespa Tumbles Amid Hawkish BCB

The S&P 500 closed 0.2% lower on Friday, the Nasdaq slid 0.5%, while the Dow finished slightly higher as markets weighed Federal Reserve rate-cut prospects and escalating Middle East tensions. Fed Governor Waller’s suggestion that rate cuts could arrive as early as July contrasted sharply with Chair Jerome Powell’s more cautious, data-dependent stance. Semiconductor shares—including Nvidia, Broadcom, and TSMC—dropped over 1% after reports indicated the US may revoke export waivers. Geopolitical jitters intensified when President Trump postponed a decision on US military involvement in the Israel-Iran conflict for two weeks, even as Israel escalated strikes on strategic Iranian targets. Friday’s “triple witching” expiration added volatility, prompting a rebound in shorter-dated Treasuries and driving two-year yields down four basis points. On the week, the S&P 500 and the Dow fell of 0.3% and 0.1%, respectively, while Nasdaq added 0.1%.

S&P 500, Nasdaq Fall on Fed Policy Split, Israel-Iran Tensions

The S&P/TSX Composite Index pared early gains and closed slightly lower at 26,498 on Friday, leaving the week marginally in the red. Initial relief from President Trump’s decision to delay US intervention in the Iran–Israel conflict by up to two weeks was offset by Israel’s UN ambassador vowing “we will not stop” attacks until Iran’s nuclear threat is dismantled. Meanwhile, Prime Minister Carney’s pledge to secure a comprehensive trade deal with Washington within 30 days, thereby averting retaliatory steel and aluminum tariffs, eased export-related anxieties and underpinned resource and industrial stocks. On the sector front, technology led the decline as Constellation Software, CGI and Celestica fell between 0.8% and 2.1%, while commodity-linked energy and base-metals names also weighed on the benchmark. Conversely, e-commerce giant Shopify bucked the trend with a 1.8% gain.

TSX Ends Week Marginally Lower

Brent crude oil futures declined 2.3% to settle at $77 per barrel on Friday but still posted a third consecutive weekly gain. The slight decline came as geopolitical tensions in the Middle East were tempered by President Trump’s decision to delay potential US military involvement against Iran, allowing time for possible diplomatic negotiations over its nuclear program. However, the situation remains volatile, with Israeli Prime Minister Benjamin Netanyahu reportedly ordering intensified strikes on strategic and government sites in Iran. Despite the heightened tensions, Iran has continued crude exports, reportedly loading 2.2 million barrels per day this week, the highest level in five weeks. Meanwhile, oil prices found support from a sharper-than-expected drop in US crude inventories, with government data earlier in the week showing the largest weekly drawdown in a year. This mix of geopolitical risk and tightening supply helped maintain overall bullish sentiment in the oil market.

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最新ニュース

Ibovespa Tumbles Amid Hawkish BCB

S&P 500, Nasdaq Fall on Fed Policy Split, Israel-Iran Tensions

TSX Ends Week Marginally Lower

Brent Drops as Trump Delays Iran Strike Decision