Ibovespa jumps 1.5% on election shift hopes, oil gains; global risk off

Brazil's Ibovespa rallied 1.54% as investors priced in a possible change in power in October's election, overshadowing Middle East tensions that pressured global equities. Oil price gains added to the local bid, while S&P 500 futures fell 0.25%, highlighting divergent risk sentiment. The move reflects domestic political optimism against external geopolitical risk.