After Lula's election victory, Brazil's Gerdau shares rose 11%; Vale climbed 8.5%; Suzano gained 10%.

Houthi forces said they launched dozens of ballistic missiles at Saudi Arabia yesterday in three separate operations, calling the strikes retaliation for Saudi attacks on Sanaa and other Houthi-held provinces that they say killed dozens, mostly women and children. The first operation targeted King Khalid International Airport in Riyadh, which the Houthis said achieved its objectives. The second struck King Khalid Air Base in Khamis Mushait, hitting aircraft hangars, munitions depots, a drone-control centre and other key facilities; the group said missiles precisely struck their targets. The third operation hit a southern naval base of border forces in Jizan; the Houthis said the attack struck its targets and caused Saudi military casualties.

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