Brazilian future rates rise on oil surge, ECB hike, US PPI

Brazilian interest rate futures opened higher, tracking external pressures from surging oil prices above $105/bbl on Middle East war risks and Strait of Hormuz disruption fears, alongside the ECB's rate hike and stronger US PPI. Domestic services data came in weaker than expected, adding to the mixed local picture. The move signals rising inflation expectations and tighter global financial conditions, with implications for Brazilian monetary policy.