June 16, 2024

The Catholic Transcript

Complete News World

Ibovespa Futuro opened on a high, with a positive exterior;  dollar decline

Ibovespa Futuro opened on a high, with a positive exterior; dollar decline

São Paulo – The Ibovespa Futuro Index opened higher on Monday (first), advancing 0.45% to 105,200, following gains in global markets.

The dollar opened 0.10% lower, quoted at R$5.6403, while dollar futures rose 0.18% to R$5.6700.

In a shorter week, with this Tuesday’s holiday in Brazil, which should reduce today’s trading volume on Ibovespa, investors absorb, in this session, losses of 6.7% for the month of October.

Thus, on Monday (the first) session some correction of the excess losses of the past few days may occur. In the year, the stock exchange has already fallen by 13% this year.

In the local news, The market raised its expectations for the Selic rateThat changed for the year from 8.75% last week to 9.25% this week. For 2022, the forecast has increased from 9.50% to 10.25%.

In the futures market, the DI for January 2023 fell 0.02 percentage points to 12.29%. January 2025 DI decreased 0.01 percentage point to 12.34%; And DI for the month of January 2027 achieved 0.01 percentage point, to 12.34%, at the opening of business.

Unlike that, The week’s agenda will be intense with minutes from Copom, Fomc, US recruitment, and results from Itaú and Bradesco..

Positive outward appearance

US futures indices are trading higher in a week that should feature earnings releases, the important Federal Reserve meeting on Wednesday, and the October employment report on Friday.

The Fed is generally expected to announce after its meeting on Wednesday that it intends to reduce the monthly pace of bond purchases, which currently stands at $120 billion, by ending the program entirely by mid-2022.

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There is also speculation about possible comments from the Federal Reserve regarding inflation, which has become a global problem. Friday’s jobs report is expected to indicate more hiring amid a drop in new Covid cases.

Still on the radar is the balance sheet harvest sequencing, which, so far, has nearly half of the companies that make up S&P released their quarterly results, with more than 80% of them beating Wall Street analyst estimates. by Refinitiv.

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