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Latin American assets rose on Tuesday on broad trade optimism, and Brazil's Ibovespa hit a record high after inflation slowed more than expected in the month to mid-May. Argentina also announced a $1 billion peso-payout domestic bond, and the central bank held a repo auction.
Lower inflation raises expectations of a Central Bank pause, which supports the real and local asset prices. The move is routine market commentary with limited direct impact on feed commodity prices.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.