October 2, 2023

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Ibovespa sobe mais de 1% com balanços e dados dos EUA após forte queda da véspera; dólar recua

Ipovespa closes for the second day in a row on the back of blue chips and US data


Chow Paul – The Ibovespa This Wednesday (24) got the second winning session in a row. The stock market regained support for index-heavy stocks such as Vale.[ativo=VALE4]) And Petroprose (PETR3;PETR4), And received additional encouragement from indicators in the United States. The outdoor agenda is loaded and some data is expected due to the US Thanksgiving holiday – so the New York Stock Exchange will close tomorrow.

The proposed amendment to the Constitution (BEC) to accommodate the budget by postponing the payment of court orders (Union Judicial Debts) lasted. Will have to vote next week Although the news contradicted market expectations in the Senate Constitutional and Judicial Council (CCJ) and is expected to make its decision this week, Ibovespa has outperformed stock markets overseas and has established itself in a positive landscape.

Analysts today highlight the combination of US indicators that helped Ibovespa. The second estimate of US gross domestic product (GDP) for the third quarter is 2.1% higher than the first estimate, but slightly lower than economists expected. The PCE inflation index, specific to the US Federal Reserve’s results, rose 0.6% in October to 5% over the past 12 months.

Rodrigo Francini, a partner in Monte Bravo, on the other hand, explains that the data for September were revised downwards. “When these data are revised downwards, the market sees lower inflation than before. This means that the rise in interest rates does not have to be strong, which gives more gas to variable income assets and brings opportunities to emerging markets,” he said. However, according to Francini, today’s movement may have been a “timeless breath” that could have been replaced with some internal messages.

On the other hand, the Minutes of the Open Market Group (Fomc), Federal Reserve Govt.Tapping), If inflation is high. The document also shows that the central bank can act quickly to raise interest rates.

“Another important data that helped the markets was the collection in October, which set a new record and surpassed expectations of R $ 179 billion. Said Jonah Beck, economist and partner at the BRA.

Ipovespa rose 0.83% to close at 104,514 points. The volume traded at the session was R $ 26.5 billion. Ipovespa futures were up 0.44% at 104,965 points in the last trading session of the day.

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The dollar traded down 0.25% at R $ 5,594 and closed at R $ 5,595. The dollar futures for December 2021 are up 0.63% to R $ 5.611.

In futures interest markets, contracts were withdrawn after central bank chairman Roberto Campos signaled to NATO. The pace of monetary tightening should not be accelerated. In the extended session, the DI 10 basis points for January 2023 fell 12.16%; DI 11 base points for January 2025 were down 11.84%; The DI for January 2027 was down five basis points to 11.73%.

Tomorrow, the market is waiting for the preview release of the Extended Consumer Price Index (IPCA) for the month of November.

In the United States, stock markets closed with mixed trends after the release of indicators and Fomc minutes. The Dow Jones industrial average fell 0.03% to close at 35,804; S&P was up 0.23% at 4,701 points; And the Nasdaq was up 0.44% at 15,845 points.

Closed by the fall in oil prices and the extended session continued to lag in trade. Brent was down 0.21% at US $ 82.12 and WTI’s was down 0.34% at US $ 78.24.

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