Investing.com – Markets retreat after new doubts about the start of the cycle of interest rate cuts, while they await February job vacancy indicators that could give more information about the strength of the US economy.
Yesterday started April with losses, in line with global markets. “The main market indices in the United States determined no single direction, after the release of robust data on American industrial production, reinforcing the truth that the Federal Reserve will adopt a cautious approach in reducing interest rates”, points out Guide Investimentos. Risk aversion also led to the appreciation of the dollar throughout the world, including in relation to Brazil, reaching its highest level since October.
This Tuesday, at 9:09 am (Brasília time), it fell 0.52%, lost 0.41% and presented a negative variation of 0.54%. O fell 0.01% and was down 0.41%, at R$5.0323.
The , a reference in the United States, rose 1.41%, to US$84.89, and registered an increase of 1.30% to US$88.56.
Vale’s (NYSE:) ADRs gained 0.58% pre-opening, to US$12.11, and Petrobras’ (NYSE:) rose 1.45% to US$15.44.
News of the day
Benefits to municipalities — After the president of the National Congress, senator Rodrigo Pacheco (PSD-MG) left sections of the provisional measure without effect, the tax relief for municipalities was maintained.
Events — Companies in the events sector included in the Events Sector Emergency Resumption Program (Perse) began paying taxes again from this Monday.
Ibovespa Preview — The first preview of the new Ibovespa portfolio includes 88 shares from 85 Brazilian companies, with the addition of the company Auren and Vivara (BVMF:).
Uncertainty — The Economic Uncertainty Indicator (IIE-Br) fell 0.7 points in March, to 103.8 points, the lowest level since July 2023, reported the Getulio Vargas Foundation (FGV).
— The Producer Price Index (IPP) rose 0.06% in February compared to January, after three months of decline, reported the Brazilian Institute of Geography and Statistics (IBGE).
Credit stock — The total credit stock in Brazil increased by 0.2% in February, according to the Central Bank.
Agenda of the day
Roberto Campos Neto — Internal dispatches in São Paulo.
Luiz Inácio Lula da Silva — In Rio de Janeiro, IMPA Tech inauguration ceremony and Ceremony announcing the start of dredging works on the São Lourenço Channel, in Niterói.
Fernando Haddad — No agenda disclosed.
Corporate News
Americanas (BVMF:) — The retailer stated that there are no agreements on any fact not informed to the market that may have led to the fluctuation in the price of its shares, which may have occurred due to factors external to the company and the market. Additionally, she reported that the proposed bond swap in February totaled $669.2 million.
XP (BVMF:) — The company hired Cesar Chicayban, a former Citi executive, to lead the private banking area.
Vale (BVMF:) —Vale received two letters from shareholders with candidates for full members of the Fiscal Council: Heloísa Belotti Bedicks and Raphael Manhães Martins. The election will take place at Vale’s next Ordinary General Meeting, on April 26, 2024.
Marisa Lojas (BVMF:)— Postponed the release date of the audited financial statements, which will be announced before the Ordinary General Meeting scheduled for April 30, 2024.
Neogrid (BVMF:) — Christiane Cruz Citrângulo assumes the role of Chief Marketing Strategy Officer (CMSO), while Nicolás Simone will be the new Chief Product and Technology Officer (CPTO).
Enauta (BVMF:) and 3R — The Board of Directors of Enauta approved a proposal for a business combination with 3R Petroleum (BVMF:). With Enauta’s offer, trading with PetroReconcavo (BVMF:) was temporarily suspended, 3R reported.
JHSF (BVMF:) — Received a proposal for shares in shopping centers owned by the company in the amount of R$443 million.
Movida (BVMF:) — The subsidiary Movida Europe is studying the possible issue of debt securities in the foreign market.
Hapvida (BVMF:) — The healthcare company sees room for improvement in the accident rate indicator, according to the president, Jorge Fontoura Pinheiro de Lima.
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