Ibovespa follows retreat in New York as tensions escalate in Ukraine By Reuters

São Paulo (Reuters) – Brazil’s main stock index fell on Thursday in the face of increased caution in global markets after news of clashes between Russian-backed separatists and Ukrainian government forces and the expulsion of a US official from the region. Russian.

Papers from Vale, mining and steel companies pressured the index, while Natura was the main positive contributor.

At 11:45, it was down 0.58% to 114,516.58 points, breaking it up for seven sessions. The volume was 7.3 billion riyals.

Rebels backed by Russia and Ukrainian forces accused each other of firing outside the ceasefire line in eastern Ukraine.

The incident raised new fears in the market of a conflict in Ukraine, while the dispute between Russia and Western countries over the correctness of the withdrawal of Russian forces from the border continues.

Moreover, the announcement of Russia’s expulsion of US Deputy Ambassador Bartle Gorman reinforced feelings of risk aversion.

The composite fell 0.8% on Wall Street, while the eeo was down 0.7% each.

The day before, the minutes of the latest US central bank (Fed) policy meeting, reduced investor concerns about the possibility of a faster-than-expected rally in the country. However, discussions continue in the market about the size of the price increase to be adopted in March, which is 0.25 or 0.5 percentage points.

Domestically, political news remains tepid, with the financial agenda on the market’s radar, while the macroeconomic data calendar has been emptied for the day. President Jair Bolsonaro is visiting Hungary.

Highlights

Vale (SA:) shares fell 1.5%, after crude futures fell again in Asia, amid regulatory actions by the Chinese government in the market. In its latest move, the Asian nation’s chart urged some traders to release excess stocks and bring stocks back to reasonable levels.

Gerdau PN (SA 🙂 lost 2.6%, Usiminas PNA (SA 🙂 lost 2.3%, and CSN (SA:): down 2%, with iron ore also impacting steelmakers.

Natura (SA) stock is up 6.8%, heading for a third consecutive top.

Petrobras PN (SA::) stock fell 0.6%, as was ON, falling in the international market as talks between Iran and the US on a nuclear deal progressed – which could boost supplies in the international market due to withdrawal sanctions – highlighting escalating tensions in Ukraine, Which has a negative impact on the supply of goods. 3R Petroleum Óleo e Gás SA (SA 🙂 lost 3.8%, and Petro Rio SA (SA 🙂 lost 2%.

TOTVS (SA 🙂 gained 1.8%, after the management software supplier announced R$126 million attributable to consoles in the fourth quarter, an increase of 45.1% over the same period a year earlier, with better operating performance.

EDP ​​(SA 🙂 increased by 3%, after the electricity company recorded 809 million Omani riyals in the fourth quarter, an increase of 15.6% compared to the same range in 2020, and announced a record dividend.

(Edited by André Romani, Edited by Alberto Allergie Jr.)