Ibovespa falls 0.9% as Middle East conflict lifts Brent above $100

Brazilian equities fell 0.9% in an adjustment session after a prior rally, driven by global risk aversion from Middle East escalation and Brent crude surpassing $100 for the first time since July. The U.S. Treasury's $6 billion buyback of long-dated bonds pushed the American curve up, pressuring local fixed income. Domestic politics took a backseat to external factors.