Ibovespa Futuro has a slight drop, reflecting Focus at the beginning of the Copom week

The Ibovespa Futuro operates lower in the first deals this Monday (6), with investors setting up positions waiting for the Monetary Policy Committee (Copom) of the Central Bank, whose decision will be announced on Wednesday, with the possibility of a reduction in the rate of monetary easing to a cut of 0.25 percentage points.

Economists consulted by the Central Bank began to see higher interest rates at the end of 2024, with projections now including a cut of just 0.25 percentage points in the Selic in this week’s Copom, the Focus report showed. Experts raised their estimate for the level of interest rates at the end of May to 10.50%, interrupting a 38-week sequence at 10.25%.

On the other hand, the slowdown in the American labor market last Friday reinforced bets that the Federal Reserve (Fed) will cut interest rates this year, which has encouraged stock markets abroad.

Back on the national scene, the first quarter numbers from Itaú, CCR, Rede D’Or and Vamos are expected. Also highlighted, Brazil’s consolidated public sector recorded a primary surplus of R$1.177 billion in March, compared to a deficit of R$14.2 billion in the same month of 2023.

Download a list of 10 Small Caps stocks that, in experts’ opinion, have appreciation potential in the coming months and yearsand attend a free class

At 9:15 am, the future index due in May fell 0.17%, to 129,945 points.

On Wall Street, index futures are trading higher, after the main indices ended the previous week in the black, due to a weaker than expected employment report, which revived hopes that the Federal Reserve (Fed) would cut rates interest rate soon. Richmond Fed President Tom Barkin and New York Fed President John Williams are scheduled to speak today.

This morning, Dow Jones Futures rose 0.31%, S&P500 advanced 0.32% and Nasdaq Futures rose 0.22%.

Ibovespa, dollar and foreign market

The spot dollar operates with an increase of 0.08%, quoted at R$5.073 when buying and R$5.074 when selling. The future dollar (DOLFUT) rose 0.04%, reaching 5,089 points.

In the interest rate market, futures contracts operate at an increase. DIF26 fell 0.02 pp, to 10.38%; DIF27, +0.02 pp, at 10.68%; DIF29 +0.02 pp, at 11.18%; DIF31, +0.03 pp, at 11.41%.

Oil prices are trading higher after Saudi Arabia raised oil prices in June for most regions and as the prospect of a ceasefire agreement in Gaza appeared slim, renewing fears that the Israel- Hamas may still worsen in the important oil-producing region.

Chinese iron ore prices closed sharply higher, after investor optimism was bolstered by Beijing’s latest efforts to revive its struggling property market and an expected wave of restocking at steel mills after they returned from the Labor Day holiday. .

Asian and Pacific markets closed higher on Monday, after Wall Street ended last week with a rally amid heightened hopes of interest rate cuts in the US this year. In mainland China, markets returned to a positive tone after a three-day holiday, also encouraged by the Politburo meeting last week. In Japan and South Korea, there was no stock trading today due to holidays.

European markets trade with gains as investors continue to assess the possibility of rate cuts following weaker-than-expected US employment data and fresh economic data from the region.

In Europe, this Monday, a final composite index of S&P purchasing managers for the euro zone was released, showing that business activity in the bloc expanded at the fastest pace in almost a year. The index jumped to 51.7 in April from 50.3 in March.