Stock market falls with speeches by Powell and Campos Neto on the radar; VALE3 retreats

New York futures indices operate lower, continuing the negative start of the quarter, while investors wait for new employment data (ADP survey) from the largest economy in the world, which will be released before the March payroll, on Friday. Fed Chairman Jerome Powell is scheduled to speak, as are several other members of the central bank, including Fed Governors Michelle Bowman and Adriana Kugler. Chicago Fed President Austan Goolsbee and Fed Vice Chairman for Supervision Michael Barr will also speak at events.
Here, industrial production for February comes out, with LSEG consensus projecting an increase of 0.3% on a monthly basis and 5.6% on an annual basis, in addition to the services PMI. The president of the Central Bank, Roberto Campos Neto, gives a lecture at an event promoted by Bradesco BBI. In Brasília, the decision by the president of the Senate, Rodrigo Pacheco (PSD-MG), to maintain the social security exemption for small and medium-sized city halls, taken on Monday (1st), caused uproar in the government, which claimed not to have been informed of the Pacheco’s decision.