Ibovespa futures are rising in the first trading this Wednesday (27), after the recovery movement abroad. Thus, today the Brazilian stock market may interrupt a series of seven consecutive lower sessions, even if the news is not positive, especially abroad.
Here, our April inflation preview acceleration to 1.73%the highest in a month since 1995. However, the IPCA-15 missed expectations (the Refinitiv consensus predicted a 1.85% monthly increase and a 12.16% year-over-year increase).
Concerns about rising global inflation hang over the market, while there are fears of a slowdown in the world’s second largest economy: China. The market is watching the progress of Covid-19 cases in the country and fears the emergence of new cases closures It could hurt not only Chinese demand, but the entire global supply chain, as it did during the pandemic.
It is a fear that is driving oil prices lower today, even with previous price quotes as Russian gas supplies to Poland and Bulgaria are cut off. A barrel of Brent crude, a reference for Petrobras’ price formation, fell 0.07% to $104.92. It remains to be seen how this will affect the oil companies, important stocks of the Brazilian Stock Exchange.
On the other hand, iron ore recovered and rose 2.61% in the latest trading on the Dalian Stock Exchange. Performance brings a positive outlook for Vale’s stock (VALE3) – The company will release results for the first quarter of 2022 after the market closes.
At 9:21 am (Brazil time), Ibovespa futures for June were up 1.89% to 111,350 points.
The trading dollar returns to the level of 5 Brazilian reals in the first trading of the day, up by another 0.52%, to 5.015 Brazilian reals in buying and 5.015 Brazilian reals in selling. The US currency is also gaining strength against other currencies around the world, with interest rates expected to rise in the US.
Here, future interest rates after the release of the IPCA-15 fell lower than expected (despite a record level): DIF23, -0.11 pp, at 12.90%; DIF25, -0.15 pages, 11.98%; DIF27, -0.11 p, 11.85%; DIF29, -0.09 pages, 11.98%.
In New York, corporate balance sheet season is in full swing, with results senior technicians Like Amazon and Apple are on the radar. Companies have reported mixed results so far. Dow Jones futures rose 0.7%, while S&P 500 and Nasdaq futures rose 0.45% and 0.32%, respectively.
European shares rose strongly on commodity stocks after Russian energy company Gazprom suspended gas supplies to Bulgaria and Poland for failing to pay for fuel in rubles as required. The reduction is the largest measure adopted by the Russians so far in response to the sanctions that the country has suffered due to its invasion of Ukraine.
The euro is losing ground and is trading at its weakest level since 2017 against the dollar. The US currency appreciated by 4.3% in April against the European currency – the best month for the dollar since January 2015. The strengthening comes from the expectation of higher US interest rates, which increases demand for the currency. of US Treasuries.
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