Brazilian Ibovespa futures climbed approximately 1% in early Tuesday trading, reversing the downward momentum that saw the spot index fall more than 1% on Monday.
The rebound comes as investors digest softer-than-expected inflation data from the IPCA-15, which has helped ease concerns about the central bank's policy path.
The positive sentiment in pre-market trading mirrors a broader risk-on tone in global markets, with S&P 500 futures also opening higher on Tuesday.
US equities are being supported by a combination of cooling June inflation figures and the commencement of the earnings season, with major banks reporting results that have so far met or exceeded expectations.
Despite the macroeconomic tailwinds, underlying headwinds persist for Brazilian assets.
Market participants remain wary of intensifying competition from Chinese exporters and the fiscal implications of funding the ongoing artificial intelligence boom.