Brazil: Equities Trade Mixed.

The Ibovespa traded gains and losses near the 168,500 mark on Monday as oil prices retreated from earlier highs. The rally in crude eased after signals that weekend strikes between Iran and Israel were unlikely to trigger a broader escalation of the conflict. Banks supported the index, with Itau up 0.5% and Bradesco gaining 0.3%. WEG jumped 3% despite concerns over US tariffs after BTG Pactual reiterated its buy recommendation on the stock. Petrobras also advanced nearly 1%, tracking the softer increase in crude oil prices. In contrast, Vale fell about 1% amid lower iron ore prices. Elsewhere, meatpackers came under pressure after the European Union removed Brazil from the list of countries authorized to export certain animal products, citing concerns over controls on antimicrobial use in livestock. Minerva and JBS lost more than 2%, while Marfrig declined nearly 3%.