Brazil’s benchmark Ibovespa index extended its losing streak to five sessions, closing down 0.20% at 173,371.35 points on Monday.
The decline underscores persistent investor caution, with geopolitical uncertainties and a wait for key corporate results dampening sentiment despite positive cues from global markets.
Gains in US equities and rising oil prices proved insufficient to lift Brazilian stocks.
The index has now fallen for four consecutive days prior to Monday’s close, reflecting a broader risk-off posture among local investors.
The lack of buying interest suggests that external tailwinds are being overshadowed by domestic and regional concerns.
A primary factor weighing on the market is the anticipation of earnings from Vale, the mining giant.