Future Ibovespa is falling due to negative bias in global stock exchanges (Germano ludes / exams)
General picture of the day:
- Ibovspa Fell 1.49% to 113,261 points
- Dollar Trade declined by 0.04%, quoted 5.51 again
- USA: Dow Jones Decreases by 0.94%, S & P500 Fell 0.76% Nasdaq Vein 1.12%
- Europe: STOXX600 Closed down 0.20%
- Yield on 10-year US bonds fell 0.06 percentage points to 1.62%
Ibovspa On Tuesday afternoon, 23, after the movement of the Wall Street stock exchanges fell, amid concerns about the epidemic in the face of new measures to ban kovid in Europe. The dollar, in turn, closed practically stable (-0.04%) at 5.51 recess.
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Investors also echoed the speeches in this session President Federal Reserve (Fed), Jerome Powell, And United States Treasury Secretary, Janet YellenIn hearings in the US Congress, despite stimulus programs, there is still a long way to go for the recovery of the nation’s economy. The comments contributed to a decline in yields of 10-year US government bonds, closing at 1.62%.
In Germany, Chancellor Angela Merkel agreed to a blockade at Easter to try to reverse the rise in cases in the country, extending imprisonment until 18 April. The number of new Kovid-19 cases in France has also increased, despite the third lockout beginning in some areas of the country last Friday.
As a result of the fear, the Pan-European index STOXX600 It closed in this trading session, as did most of the continent’s stock exchanges. On the other hand, oil prices are expected to be around 7%, which will slow the recovery in demand for sanctions in Europe.
Investors were prompted to switch to dollars. The DYX index, which measures the strength of the US currency against other currencies, advanced 0.7%. Realistically, the dollar fell 0.9% to a low of 5.46 on the day’s low, amid expectations of a new interest rate hike in Brazil in May. The currency, however, practically closed from zero to zero at 5.51.
This morning, the Monetary Policy Committee (Copam), do Central bankToday released the minutes of the meeting, raising the basic interest rate from 2% to 2.75% last Wednesday, 17. In the minutes, COPOM members reiterated a potential new interest rate increase of 0.75 at the next meeting, which takes place in May, but insisted that this approach be revised in the event of significant changes in inflation projections or risk balances. Can.
The reason for this would be short-term fiscal risk, which is a bias for projections. “This asymmetry in the risk balance affects a reasonable degree of monetary stimulus, justifying the trajectory with an initial increase in interest rates compared to that assumed in the original scenario,” Copom said.
The epidemic progress is also on the radar of Brazilian investors. According to the Ministry of Health, Brazil yesterday crossed 12 million cases of Kovid-19, with 1,383 deaths and 49,293 new cases.
Salient features of the works
Today, shares of Ibovspa among the largest growth IRB Brasil (IRBR3)It recorded a loss of 132 million in the same month of 2020, with a gain of 5.91% after registering a profit of 17.9 million nobles in January this year. CVC Brasil (CVCB3) I Marfrig (MRFG3) Advanced 5.56% and 3.98%, respectively.
Despite the improvement in the IRB result, which contributed to the positive performance of securities today, A. Strategist Gustavo Cruz from RB Investments, Said it still considers the action of the IRB at a “highly speculative moment”. “I think the ideal would be to wait longer, because more presentations of quarterly results would really make it clear that the worst is over,” he said.
In the case of CVC Brasil, he pointed out that the increase could be a reflection of statements by President Jair Bolsonaro, that he could call on the military to move forward with the vaccination campaign in the country. In addition to cooperating, Brazil has a fast (and organized) rate of vaccination, with the Ibop and Dataflow surveys always indicating whether a portion of the population will follow the President’s indications for taking the vaccine, ”he said. .
On the other hand, the stocks of the index led the losses in the index Blue (BLUE4), Which today recommended a downgrade for sale by Morgan Stanley, Gerdau (GGBR4) I CSN (CSNA3). These shares fell 6.80%, 4.36% and 4.29% respectively. Still in the aviation sector, Goal (GOLL4), Which was cut in ratings by Morgan Stanley, fell 1.98%.
In addition to the negative highlights of the day, the roles of Petrobras (PETR3; PETR4) I PetroRio (PRIO3) Overseas oil prices fell between 3% and 4%, driven by the collapse.
* With Reuters
