Ibovespa has modest fluctuations counterbalancing Vale and interest rate curve By Reuters

By Paula Arend Laier

SÃO PAULO (Reuters) – There were modest variations this Wednesday, with the rise in Vale’s shares — in the wake of the advance in and before the release of the company’s balance sheet — being counterbalanced by the harmful effect of the advance in future interest rates. interest with longer terms.

At 10:54, the Ibovespa fell 0.1%, to 125,023.99 points, having already touched 125,472.55 points at its maximum and 124,946.54 points at its minimum. The financial volume totaled 3.27 billion reais.

Abroad, yields on 10-year United States Treasury bonds rose to 4.6459%, which weighed on DIs in Brazil, as caution resumes ahead of relevant data on North American inflation scheduled for Friday. fair.

The main US stock indexes, in turn, did not show a single direction in New York, with the eo in the blue, while the working in the red.

Investors in the Brazilian market, as highlighted by the XP team (BVMF:) in a note to clients, are also waiting for the government to send bills regulating tax reform on consumption to Congress.

HIGHLIGHTS

– VALE ON (BVMF:) rose 1.23%, to 63.55 reais, favored by the recovery in iron ore prices in China, where the most liquid commodity futures contract on the Dalian Commodity Exchange ended the day with a rise of 3.08%. The mining company publishes the balance sheet for the first three months of the year after closing. Projections compiled by LSEG indicate EBITDA of 3.65 billion dollars.

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– PETROBRAS PN (BVMF:) advanced 0.77%, to 41.74 reais, even against the backdrop of weak prices abroad, where the barrel was traded with a decline of 0.42%.

– ITAÚ UNIBANCO PN (BVMF:) fell 1.09%, to 31.65 reais, while BRADESCO PN (BVMF:) fell 0.73%, to 13.57 reais, after a more robust performance the day before.

– PETZ ON (BVMF:) fell 5.05%, to 4.89 reais, on an adjustment day, after a strong increase since the announcement by the pet products and services store chain last week of a memorandum of understanding no binding agreement with rival Cobasi to create the largest company in the sector in the country.

– CARREFOUR BRASIL ON (BVMF:) rose 0.44%, to 11.41 reais, after announcing the night before gross sales of 27.8 billion reais in the first quarter, considering fuel sales, an increase of 2.5 % compared to the same period in 2023. Excluding fuels, the group’s consolidated sales totaled 27 billion reais in the period, an increase of 2.5%.

– ASSAÍ ON fell 1.31%, to 13.52 reais, before the release of the balance sheet for the first quarter, after the market closed. Estimates compiled by LSEG point to an operational result measured by EBITDA of 1.19 billion reais, with revenues totaling 17.44 billion reais in the period.

– CIELO ON (BVMF:) fell 0.72%, to 5.55 reais, after shareholders of the payment methods company rejected in a special meeting on Tuesday a proposal from minority shareholders to carry out a new evaluation of the shares within the scope of the offer aimed at close the company’s capital.

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– AMBEV ON (BVMF:) rose 0.84%, to 11.96 reais, with Heineken’s results in the first three months of the year on the radar. Commenting on the performance in Brazil, the CEO of the second largest brewery in the world stated that the company became the number 1 brand in value in the country and that net revenue grew between 10% and 14% in the period. Ambev releases its balance sheet on May 8th.

– NEOENERGIA ON (BVMF:), which is not part of Ibovespa, fell 1.50%, to 19.07 reais, after announcing after the market closed on Tuesday that it obtained a net profit of 1.13 billion reais in the first quarter this year, a figure 7% lower than that recorded in the same period in 2023. Ebitda fell 3%, to 3.5 billion reais.