Ibovespa Up 937 Points to 187,690 on Trump-Iran Deal Hopes, Bradesco Beat
The Ibovespa rose 0.50% to 187,690.86 on Wednesday, May 6, 2026, reclaiming the daily Kijun at 187,197 by 494 points and closing above the technical pivot for the first time in seven sessions.
The advance was supported by US markets rallying on Trump-Iran ceasefire-deal expectations and Bradesco’s first-quarter beat — recurring profit of R$6.81 billion, a 16.1% year-on-year gain marking the ninth consecutive quarter of growth, according to the bank’s filing reported by Exame.
The intraday high reached 188,674.36, just 251 points below the upper Bollinger Band at 188,925. Trading was supported by buying from the open: O = L at 186,762.11, with the session climbing through every Ichimoku resistance line.
The real strengthened to R$4.9527 per dollar, with the intraday low at R$4.9377 — a fresh two-year low according to TradingView data.
The Big Three
- Price action: Ibovespa closed +0.50% at 187,690.86; intraday high 188,674.36 (just 251 points below upper Bollinger Band at 188,925), open at session low (186,762.11) showing buyers from the first tick.
- Technical level: Index reclaimed the daily Kijun at 187,197 by 494 points — the first close above this pivot in seven sessions. MACD histogram at −169 (slight setback from −58 prior session) but RSI at 52.78 with rising signal at 46.89.
- Catalyst: Bradesco Q1 recurring profit R$6.81B (+16.1%, ninth consecutive growth quarter); US markets rallied on Trump-Iran ceasefire-deal optimism; real at R$4.9527 (intraday low R$4.9377).
Market Snapshot
| Asset | Close | Δ Day | Δ Week | YTD |
| Ibovespa | 187,690.86 | +0.50% | +1.12% | +16.48% |
| USD/BRL | R$4.9527 | −0.81% | −1.65% | −10.37% |
| Brent crude | US$108.17 | −1.5% | −4.2% | +9.2% |
| Bradesco (BBDC4) | Q1: R$6.81B | +16.1% YoY | 9th growth Q | ROAE 15.8% |
| Selic | 14.50% | unch | −25 bps | −75 bps |
Source: B3, Bradesco filing, Exame, TradingView, Bloomberg — as of close May 6, 2026, 17:00 BRT.
Live Market IntelligenceBrazil — Live Market Board
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Brazil — Live Market Board
+1.77%
176,402.10
+1.77%
66,709.60
+0.88%
10,954.04
+0.52%
3,281,979
+0.00%
2,301.34
+0.13%
57,575.02
—
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 176,402.10 | +1.77% | +31.73% | 173,325.65 | 176,807 | 173,328 | — |
| USD/BRL | 5.06 | -0.30% | -9.10% | 5.07 | 5.08 | 5.05 | — |
| SELIC | 14.25% | — | — | — | — | — | |
| PETR4 | 42.62 | +2.30% | +35.92% | 41.66 | 42.72 | 41.97 | 8,172,600 |
| VALE3 | 74.63 | +3.31% | +29.57% | 72.24 | 74.88 | 73.34 | 4,226,200 |
| ITUB4 | 42.85 | +0.75% | +26.10% | 42.53 | 42.98 | 42.56 | 1,827,000 |
| BBDC4 | 18.81 | +1.40% | +20.03% | 18.55 | 18.84 | 18.58 | 3,964,700 |
| BBAS3 | 20.89 | +0.05% | +4.88% | 20.88 | 21.05 | 20.84 | 2,216,900 |
| B3SA3 | 15.58 | +2.70% | +19.28% | 15.17 | 15.64 | 15.21 | 8,166,900 |
| ABEV3 | 16.10 | +1.90% | +20.15% | 15.80 | 16.14 | 15.74 | 2,557,600 |
| WEGE3 | 46.22 | +8.83% | +11.50% | 42.47 | 46.34 | 44.80 | 8,799,700 |
| PRIO3 | 59.65 | +2.53% | +39.81% | 58.18 | 59.68 | 58.66 | 913,200 |
| SUZB3 | 42.60 | +2.33% | -16.89% | 41.63 | 42.62 | 41.65 | 709,700 |
| RENT3 | 37.15 | +1.64% | +3.58% | 36.55 | 37.22 | 36.42 | 2,882,500 |
| AZZA3 | 17.49 | +0.06% | -51.38% | 17.48 | 17.60 | 17.06 | 478,000 |
| CSNA3 | 5.31 | +4.94% | -38.08% | 5.06 | 5.33 | 5.09 | 2,595,800 |
| GGBR4 | 24.00 | +2.17% | +41.16% | 23.49 | 24.05 | 23.46 | 610,500 |
| ENEV3 | 25.80 | +1.49% | +86.59% | 25.42 | 25.84 | 25.32 | 655,700 |
Ibovespa Performance
Bradesco’s results were the session’s structural anchor. The bank reported recurring net income of R$6.81 billion for the first quarter of 2026, a 16.1% year-on-year increase that marked the ninth consecutive quarter of growth, according to the filing reported by Exame. The accounting profit was R$5.03 billion, down 13.3% year-on-year, reflecting a R$1.78 billion non-recurring fiscal charge tied to the bank’s adoption of Brazil’s Programa de Transação Integral. ROAE rose to 15.8% from 14.4% in Q1 2025; the insurance group ROAE reached 21.6%. Total revenues grew 14.0% to R$36.9 billion, while the expanded credit portfolio reached R$1.09 trillion, up 8.4% from a year earlier. Service revenues grew 6.2% to R$10.37 billion, and operating income from insurance, pension, and capitalization climbed 20.4% to R$6.38 billion.
Globally, US equity markets advanced as Reuters reported optimism around a possible Trump-Iran ceasefire framework, with Pakistan reportedly mediating between Washington and Tehran. The risk-on tone reduced demand for the dollar and supported emerging-market equity flows. According to SpaceMoney’s market commentary, S&P 500 and Nasdaq futures led the early bid, with the de-escalation narrative pushing crude prices lower and easing inflation pass-through pressure. One Brazilian retailer reportedly led the Ibovespa winners’ list with gains exceeding 10% after a strong first-quarter result, while Petrobras-related names tracked international crude weaker. The BradSaúde unit (SAUD3), formed by the merger of Bradesco’s health assets with Odontoprev, reported R$1.308 billion in first-quarter net income.
Technical Setup
Key levels above
- Resistance 1: 188,674 (Wednesday’s intraday high)
- Resistance 2: 188,925 (upper Bollinger Band)
- Resistance 3: 198,657 (April 14 all-time high — 5.52% above close)
- Resistance 4: 200,000 (psychological round number)
Key levels below
- Support 1: 187,205 (Tenkan, just below current)
- Support 2: 187,197 (Kijun — now retested support)
- Support 3: 183,108 (Ichimoku cloud floor)
- Support 4: 161,559 (200-day SMA — 13.9% below close)
The MACD histogram printed at −169 — a slight deepening from the prior session’s −58, indicating the indicator has not yet caught up to the price recovery. The signal line at 1,170 sits above the MACD line at 1,001, sustaining the bearish configuration on the lagging indicator. RSI at 52.78 with signal at 46.89 confirms positive divergence as price recovers, with both lines trending upward and converging. The 200-day SMA at 161,559 climbs roughly 130 points per session and provides structural support 26,131 points below the May 6 close.
Real Hits Fresh 2-Year Low — USD/BRL Daily
From the chart: O:4.93824, H:4.96734, L:4.93766, C:4.95271 (+0.00556, +0.11%). The intraday low at R$4.9377 marked a fresh two-year extreme — the lowest reading on the Pepperstone feed since late 2023. RSI at 32.42 with signal at 31.15 sits at the 30 oversold threshold, the deepest reading of the cycle. MACD histogram printed at −0.00073, slightly negative but compressed near zero. The DXY traded near 98 in international markets. According to Bruno Shahini at Nomad cited in CNN Brasil’s Tuesday coverage, the real’s strength reflects the combination of commercial dollar inflows from elevated crude prices and financial flows attracted by the 14.50% Selic carry differential.
What Drove the Tape
Three drivers shaped the session. First, the Bradesco Q1 beat reset the narrative on Brazilian bank earnings. The R$6.81 billion recurring profit beat the trajectory established in Q4 2025 (R$6.5 billion per the bank’s filing), and the 15.8% ROAE confirmed the bank’s profitability is normalising even as the macro backdrop deteriorates. The default ratio (NPL above 90 days) edged higher, driven by SME credit and rural credit portfolios, but the coverage ratio improved to 183.1% from 177.8% a year earlier. Second, US risk appetite improved as Reuters reported on the prospects of a Trump-Iran ceasefire framework — with Pakistan reportedly intermediating talks. The Brent decline and S&P 500 rally created a constructive overlay for emerging-market equities.
Third, the real’s continued strength reinforced the carry-trade narrative. With the Selic at 14.50% and the Federal Reserve at 3.50–3.75%, the rate differential remains close to the widest in the G20. According to Cogna’s research desk citing Itaú BBA estimates, sustained foreign portfolio inflows in April reached approximately R$72 billion — the largest monthly net buying since March 2024. The DI futures curve closed mixed, with the short-end Jan-2027 contract holding near 14.10% per Money Times reporting. The May 4 Boletim Focus reported the IPCA 2026 forecast rising for an eighth consecutive week to 4.89%, just below the 5.0% psychological threshold.
What to Watch — Thursday, May 7
- After market close — Cemig (CMIG4), Engie Brasil (EGIE3), Sabesp (SBSP3), Localiza (RENT3) Q1 results (consensus EBITDA per Bloomberg consensus)
- After market close — Hapvida (HAPV3), Locaweb (LWSA3), Rumo (RAIL3), Fleury (FLRY3) Q1
- 14:30 ET — US weekly jobless claims (consensus 215K, prior 218K, per Reuters poll)
- Trump-Iran ceasefire framework — Pakistan-mediated talks expected to advance per Reuters; oil could test US$100 if confirmed (Goldman Sachs sees fair value at US$95 if Hormuz reopens)
- Friday May 9 — Brazil April IPCA (consensus +0.43% MoM, 5.30% YoY per Reuters poll)
- May 11 — Petrobras (PETR3, PETR4) Q1 results (consensus EBITDA per Bloomberg)
Frequently Asked Questions
Why did the Ibovespa rise on May 6, 2026?
The Ibovespa closed up 0.50% at 187,690.86 on Wednesday, May 6, 2026, lifted by Bradesco’s first-quarter beat (recurring profit R$6.81 billion, +16.1% year-on-year) and US equities rallying on Trump-Iran ceasefire optimism. Reuters reported that Pakistan is mediating talks between Washington and Tehran. The intraday high reached 188,674, just 251 points below the upper Bollinger Band at 188,925. The session opened at the daily low (186,762), indicating sustained buying interest from the first tick.
What were Bradesco’s first-quarter 2026 results?
Bradesco reported recurring net income of R$6.81 billion in Q1 2026, up 16.1% year-on-year and the ninth consecutive quarter of growth, according to the bank’s filing covered by Exame. ROAE rose to 15.8% from 14.4% in Q1 2025. The expanded credit portfolio reached R$1.09 trillion (+8.4% YoY). Accounting profit was R$5.03 billion (−13.3%) due to a R$1.78 billion non-recurring fiscal charge from Brazil’s Programa de Transação Integral.
Did the Ibovespa reclaim the Kijun?
Yes — the Ibovespa closed at 187,690.86 on May 6, 2026, which is 494 points above the daily Kijun at 187,197. This was the first close above the technical pivot in seven sessions. The Tenkan now sits at 187,205, just below current price, providing immediate support. The next resistance is the upper Bollinger Band at 188,925, then the April 14 all-time high at 198,657. The intraday high reached 188,674.
Why is the Brazilian real at a fresh two-year high?
The real reached an intraday low of R$4.9377 per dollar on May 6, 2026, the strongest level since late 2023. Bruno Shahini at Nomad told CNN Brasil the move reflects commercial dollar inflows from Brent crude near US$108 (improving Brazil’s terms of trade) plus financial flows attracted by the 14.50% Selic differential against the U.S. Federal Reserve at 3.50–3.75%. The dollar is down 10.37% year-to-date against the real, with the DXY trading near 98.
Related coverage: Ibovespa Up 0.62% to 186,753 as Real Hits 2-Year High · Ibovespa Falls to 185,600 as Kijun Breaks Again · Investing in Brazil 2026: B3, Selic, Real Estate and Risks
Updated: 2026-05-07T09:30:00Z by Matthias Camenzind, Latin America markets correspondent
This report is for informational purposes only and does not constitute investment advice. Always consult a licensed financial advisor. Past performance does not guarantee future results. Published by The Rio Times.
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