The market focus is still on the central bank's comments about economic growth or inflation.

But what we see today is a continuation of Friday's gains.

Wall Street is technically oversold, with the S&P 500 and Nasdaq falling for the fourth consecutive week and the Dow Jones also declining.

On Trump's Tariffs

The increase in tariffs imposed by U.S. President Donald Trump tends to reduce the country's economic growth while simultaneously increasing inflation.

Moreover, a broader trade war could further exacerbate the global economic slowdown.

In light of this scenario, investors have already begun to revise downward their projections for global economic growth.

This means that global demand may be reduced, affecting Brazilian exports.

Brazil as a major commodity exporter

Could be affected by the decrease in global demand, especially for raw materials.