Ibovespa edges up on Petrobras, oil; Brazil election risk in focus

Brazil's Ibovespa rose 0.20% to 204,713 points, supported by Petrobras gains amid higher oil prices, despite global risk aversion. Market optimism over a potential power change in the presidential runoff is underpinning the index, with investors awaiting a Datafolha poll after the close. The development reflects election-driven positioning in Brazilian equities, with uncertainty over the poll outcome.