All indicators are getting worse: exchange rate, interest and stock indices, with the perception that Bolsonaro and Guedes are incompetent and have no more to offer in the economy
from Infomoney – The Ibovespa Futuro index fell again on Thursday (19), in the wake of global stock market pessimism, as investors ponder the minutes of the Federal Reserve’s (Fed) latest monetary policy meeting, which indicated a lower pace discussion. Buying bonds in 2021.
This morning, US jobless claims data, which stood at 348,000 last week, fell short of expectations of 363,000 claims from economists consulted by Refinitiv.
Another negative point on Thursday is commodities, which fell on a negative day in the global market, with iron ore in Singapore trading as low as 12%, down for the year after rising 55% through mid-July.
The drop is due to both the FOMC meeting minutes and lower Chinese consumption (both due to lower growth and the authorities’ actions to curb pollution). The price of oil has also fallen and has accumulated a 15% drop since its July highs.
Here, pay attention to the events that will include the participation of Roberto Campos Neto, President of the Central Bank, and Paulo Guedes, Minister of Economy.
At 9:10 a.m. (ET), the Ibovespa futures contract expiring in October 2021 was down 1.487% to 115,255 points.
Meanwhile, the trade dollar is up 1.22% to R$5.440 on purchase and R$5.441 on sale. Dollar futures due in September rose 1.16% to R$5.458.
In the futures market, the DI for January 2022 increased two basis points to 6.80%, the DI for January 2023 rose one basis point to 8.65%, and the DI for January 2025 advanced eight points. The base is at 10.08% and the DI for January 2027 is positive. Change seven base points to 10.51%
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