Market Close Report - June 3, 2026

The Ibovespa suffered a strong reversal this Wednesday, June 3, 2026, erasing the previous day's gains and plunging 2.03%, closing at 170,668 points. The day was marked by strong global risk aversion and trade pressures from Washington, pushing the main B3 index to its lowest closing level since January. The proximity of the Corpus Christi holiday (which will keep local markets closed tomorrow) accelerated the unwinding of positions and the search for defensive protection. Trading volume was expressive, tracking the stress in the future yield curves.

📊 Market Close (06/03/2026)

• Ibovespa: ▼ -2.03% (170,668 points).
• Commercial Dollar: ▲ +1.14%, quoted at R$ 5.0668 (highest closing value since early April, after recording an intraday high of R$ 5.09).
• Brent Crude (August): ▲ +1.89%, trading at US$ 97.81 (with the high approaching US$ 98.98).
• Future Interest Rates (DIs): Sharp increase across the curve; the contract for January 2031 (DI1F31) jumped to 14.13%.

🔍 What moved the day?

Escalation of War in the Middle East

Military tensions exploded after US forces attacked a tanker and facilities on the Iranian island of Qeshm under the justification of breaking a blockade in the Strait of Hormuz. Iran retaliated by firing missiles and drones at the headquarters of the US Fifth Fleet in Bahrain. The clash sent Brent crude soaring nearly 2%, flirting with the US$ 100 mark and reviving global inflationary fears.

More US Sanctions and Tariffs

The environment for Brazil soured on the trade front. The US included the country on a list of export restrictions over alleged failures in monitoring production chains linked to forced labor, proposing an additional 12.5% tariff surcharge. The news heavily penalized the competitiveness of national exported products.

XP Raises Selic Projection

Reflecting the deterioration of the inflationary scenario resulting from the commodity war and tariffs, XP Investimentos raised its projection for the Selic rate to 14.00% per year at the end of 2026, projecting inflation (IPCA) at 5.3%. The prospect of significantly higher structural interest rates stressed long-term DIs and triggered a strong sell-off in growth and consumer stocks.

GDP and Economic Activity

On the domestic macro front, April's industrial production positively surprised with a 0.7% increase (4th consecutive month of expansion). However, the services PMI index pointed to near stagnation in May due to inflation impacts, corroborating the stagflation scenario on the market's technical radar.

🚀 Stock Highlights

Advancing Stocks

Declining Stocks