Morning Call | Conflito no Oriente Médio em destaque; petróleo em alta

XP Research 02 de março de 2026   Morning Call Conflito no Oriente Médio em destaque; petróleo em alta     Ouça o áudio do Morning Call XP no Spreaker e Spotify     Ibovespa   O Ibovespa encerrou a semana passada em queda de 0,9% em reais e alta de 0,1% em dólares, aos 188.787 pontos, registrando sua primeira queda semanal de 2026. Entre os destaques positivos da semana esteve a Vivo (VIVT3, +6,3%), após a divulgação de seus resultados do 4T25. Na ponta negativa, Minerva (BEEF3, -9,2%) caiu após analistas da XP rebaixarem a recomendação da ação de Compra para Neutro, além de uma prévia de resultados indicando números mais fracos. Confira o resumo semanal da Bolsa aqui.   Renda Fixa  No comparativo semanal, os juros futuros dos EUA recuaram em meio ao aumento da aversão ao risco, após Donald Trump não descartar uma ação militar contra o Irã, em uma semana marcada por incertezas comerciais. Nesse contexto, a T Note de 2 anos caiu para 3,39% ( 10 bps em relação à semana anterior), a T Note de 10 anos para 3,96% ( 12 bps) e o T Bond de 30 anos para 4,63% ( 9 bps). No Brasil, os juros mais curtos e intermediários avançaram após o IPCA 15 vir significativamente acima das expectativas do mercado. A NTN B 2030 encerrou a 7,64% a.a. ( 3 bps), enquanto os DIs fecharam em 13,28% no jan/27 (+4 bps), 12,65% no jan/29 (+5 bps) e 13,04% no jan/31 ( 1 bps). Saiba mais sobre a semana na renda fixa.   Mercados globais   Os índices futuros dos Estados Unidos operam em forte baixa nesta segunda-feira (S&P 500: -1,03%; Nasdaq 100: -1,38%). Estados Unidos e Israel realizaram ataques conjuntos que mataram o líder supremo do Irã e ampliaram o conflito regional, levando Teerã a responder com ofensivas contra alvos no Oriente Médio, inclusive bases americanas. Após os ataques, o petróleo subiu cerca de 10%, reacendendo preocupações inflacionárias. Saiba os principais impactos do conflito para os seus investimentos aqui.   IFIX   O Índice de Fundos Imobiliários (IFIX) encerrou a sexta-feira em alta de 0,69%, impulsionado principalmente pelos Fundos de Tijolo, que registraram avanço de 0,74%. Dentro desse grupo, o destaque ficou para os Fundos de Ativos Logísticos, que subiram 0,85%, seguidos pelos Fundos de Shoppings (+0,72%) e pelos Fundos de Lajes Corporativas (+0,66%). Além disso, os Fundos de Papel também tiveram um pregão positivo, apresentando alta de 0,68%. Os Fundos de Multiestratégia e os Fundos Híbridos também registraram desempenho favorável, com avanços de 0,78% e 0,51%, respectivamente. Entre as maiores altas do dia estiveram RBFM11 (+2,3%), RBRL11 (+2,2%) e MCCI11 (+2,0%). No campo negativo, os principais destaques foram BCRI11 (-1,6%), TRBL11 (-1,4%) e BTAL11 (-1,1%). Leia o resumo semanal completo aqui.    Economia   Na agenda de indicadores desta semana, o destaque será as estatísticas de emprego dos Estados Unidos referentes a fevereiro. Também serão divulgadas a produção industrial e as vendas no varejo de janeiro. Na Zona do Euro, a inflação ao consumidor estará no centro das atenções. No Brasil, o destaque será a divulgação do PIB do 4º trimestre e, consequentemente, de 2025 pelo IBGE. Além disso, estão na agenda as estatísticas de emprego, a produção industrial de janeiro e a balança comercial de fevereiro.      O Morning Call XP também está no YouTube, com participação dos nossos especialistas, ao vivo. Clique aqui e assista à transmissão de hoje!     ECONOMIA:     1. Estados Unidos e Israel atacam Irã   EMPRESAS:   1. Aura (AURA33): Respondendo às preocupações dos investidores   RENDA FIXA:    1. De Olho na Renda Fixa: principais notícias de crédito privado, mercados e renda fixa    ALOCAÇÃO E FUNDOS:    1. Fundos Imobiliários (FIIs): confira as principais notícias 2. ETFs: confira as principais notícias dos índices e movimentos setoriais   ESG:    1. Huawei e Aggreko vão desenvolver na Amazônia maior sistema de armazenamento de energia do Brasil | Café com ESG, 02/03     Clique aqui para acessar o relatório completo Disclaimer 1) This report was prepared by XP Investimentos CCTVM S.A. ("XP Investimentos or XP") according to the requirements provided in CVM Resolution 20/2021 and aims to provide information that can help the investors make their own investment decisions, and does not constitute any kind of offer or purchase request and/or sale of any product. The information contained in this report is considered valid on the date of disclosure and has been obtained from public sources. 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