Brazil ignores US tariff threats, market focuses on Middle East talks.

On June 2, Latin American stock markets rose, with the region's benchmark index set to end a four-day losing streak. Investors ignored the tariff threats from the US towards Brazil and continued to hope for diplomatic progress in the Middle East. The MSCI Latin American stock index rose by 0.6%, and the corresponding currency index also increased by 0.4%. Brazilian assets shrugged off the threat of a 25% tariff from the US on many imported goods from the largest economy in Latin America. The Brazilian benchmark stock index rose by 1.4%, and the real against the US dollar is expected to achieve a fourth consecutive day of gains.