By Paula Arend Laier
SÃO PAULO (Reuters) – The negative tone prevailed on the São Paulo stock exchange this Wednesday, with trading below 127,000 points, pressured by a new rise in the yields on United States Treasury bonds, while the advance in foreign exchange provided support to private oil companies.
At 10:56 am, the Ibovespa fell 0.91%, to 126,382.74 points. The financial volume totaled 3.19 billion reais.
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Investors are looking forward to a speech by Chairman Jerome Powell in the early afternoon, given the increase in uncertainty about the US central bank’s next steps, particularly when it will begin to reduce interest rates in the world’s largest economy.
“Although it has only been a few days since Powell last spoke, the comments are the first since a string of stronger data this week that prompted the market to scale back bets on the number of rate cuts this year and sparked a drop in global titles”, highlighted Guide.
On the day Powell and other Fed officials spoke, they showed the opening of 184,000 jobs in the US private sector in March, above expectations (148,000) and the February result (revised to 155,000), pointing to continued market strength of work.
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On Wall Street, the 10-year Treasury yield was 4.4213%, up from 4.365% the day before, while , one of the benchmarks in the North American stock market, had a negative change of 0.06%.
In Brazil, the participation of the president of the Central Bank, Roberto Campos Neto, in an event in São Paulo is also on the radar, as agents continue to calibrate bets on the Selic after the monetary authority shortened its future prescription in relation to cuts in the basic interest rate. fees.
The local agenda also includes Brazil, which disappointed expectations, as there was a 0.3% drop in February, the second month in a row in the red. As a result, in the first two months of the year the sector accumulated losses of 1.8%, according to data released by IBGE.
HIGHLIGHTS
– VALE ON (BVMF:) fell 1.11%, to 61.25 reais, as futures fell in China, with the most traded contract in Dalian closing down 2.5%. Indonesia’s mining minister also said the divestment of Vale Canada and Sumitomo Metal Mining’s shares in nickel mining unit Vale Indonesia is expected to be completed in July.
– GRUPO SOMA ON fell 4.97%, to 7.07 reais, and AREZZO ON lost 4.71%, to 59.67 reais. Financial agents continue to adjust models with an eye on the announced merger between the companies, as well as preparing for the first quarter results.
– MRV&CO ON was trading down 3.80%, at 7.35 reais, also pressured by the upward movement in the DI curve, which contaminated the sector as a whole. The real estate sector index showed a decline of 1.92%.
– PETROBRAS PN (BVMF:) fell 0.54%, to 38.41 reais, with the selling pressure mitigated by the rise in oil prices abroad, where it was traded with an increase of 0.84%, at 89.67 dollars a barrel. In the sector, PETRORECONCAVO ON advanced 3.51%, recovering from the previous day’s fall, 3R PETROLEUM ON (BVMF:) rose 0.63% and PRIO ON (BVMF:) rose 0.49%.
– ITAÚ UNIBANCO PN (BVMF:) fell 0.57%, to 33.29 reais, while BRADESCO PN (BVMF:) fell 0.63%, to 14.10 reais.
– MULTIPLAN ON (BVMF:) fell 1.62%, to 24.84 reais, after announcing the night before that it would pay 66 million reais for the remaining slice in the ParkJacarepaguá shopping center, in the city of Rio de Janeiro, increasing its share in the enterprise to 100%.
