Ibovespa Futuro rises after “super Wednesday” with attention to upcoming US data

Ibovespa Futuro rises after “super Wednesday” with attention to upcoming US data
Ibovespa Futuro rises after “super Wednesday” with attention to upcoming US data
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The Ibovespa Futuro operates at a high this Thursday (1st), with investors reflecting monetary policy decisions from the previous day by the Federal Reserve (Fed) and the Central Bank of Brazil, while awaiting an important employment report from the United States on Friday. The Copom decided the day before to make a new cut of 0.50 percentage points in the Selic rate, to 11.25% per year and its board foresees cuts of the same intensity in the next meetings.

On the domestic agenda, market agents are keeping an eye on producer inflation data, industrial Purchasing Manager Index (PMI) and trade balance.

At 9:13 am (Brasília time), the futures index due in February was up 0.13%, at 128,160 points.

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On Wall Street, US futures indexes were trading higher, reversing part of the previous day’s losses, after the Federal Reserve (Fed) kept interest rates stable and signaled that a cut in March was unlikely. Tech companies Amazon, Apple and Meta report results after the closing bell.

This morning, the Dow Jones Futures rose 0.06%, S&P Futures rose 0.34% and Nasdaq Futures rose 0.51%.

Dollar and foreign market

The commercial dollar operates with an increase of 0.50%, quoted at R$4.92 for purchase and sale. The dollar futures (DOLFUT) rose 0.35%, reaching 4,978 points. Meanwhile, DXY, an index that measures the strength of the dollar against a basket of currencies, operates up 0.34%, at 103.63 points.

In the interest rate market, contracts operate without a single direction, as investors reflect interest rate decisions in Brazil and the USA. DIF25 fell 0.02 pp, to 9.96%; DIF26, -0.01 pp, at 9.65%; at DIF27, +0.01 pp, at 9.80%; DIF28, 0.00 pp, 10.06%; DIF29 0.00 pp, at 10.24%.

Asian markets closed without a defined direction this Thursday, a day after the Federal Reserve (Fed, the US central bank) indicated that it does not intend to cut interest rates soon and also amid persistent fears about the outlook for the Chinese economy. New manufacturing activity data from China did not ease concerns about the world’s second-largest economy.

European markets are mostly operating with losses, after the Bank of England (BoE) decided to maintain its basic interest rate at 5.25%, after concluding a monetary policy meeting. The BoE’s decision to maintain interest rates for the fourth consecutive meeting at the highest level in 16 years came in line with analysts’ expectations.

Oil prices rise after negative opening. The commodity posted its first monthly gain since September in January, with the US and Iran on the brink of a more direct confrontation in the Middle East. Iron ore prices in China closed slightly lower.

The article is in Portuguese

Tags: Ibovespa Futuro rises super Wednesday attention upcoming data

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