Stock market falls with VALE3, MGLU3 and B3SA3; PETR4 oscillates, BBAS3 rises

After a 1% drop yesterday, the Ibovespa starts the day up 0.51%, at 128,842.23 points. The day before, investors were worried about the Copom’s harsh tone and that the monetary authority could become more lenient in combating inflation from 2025 onwards. Today investors digest inflation data from April while the international market prepares for the inflation figures to the producer and consumer in the USA next week. The shares of Petrobras (PETR4) and Vale (VALE3), the large banks and junior oil companies, rise. On the other hand, cellulose, education and supermarket shares fell. Construction companies operate mixed, as do meatpacking plants, steel mills and retailers. Highlight for Magazine Luiza (MGLU3), which rises 3% after 1Q24 balance considered positive. The commercial dollar, after rising 1% yesterday, has a slight downward bias, with -0.03%, at R$5.140, while future interest rates (DIs) show slight increases. O April IPCA, The country’s official inflation indicator accelerated again, to 0.38% in April, after rising 0.16% in March, higher than expected. The Minister of Finance, Fernando Haddad, participates in a leadership lunch in São Paulo. In the corporate field, dozens of companies reported their results last Thursday night (9) and today will once again be a day of balance sheet repercussions. On Wall Street, futures indexes operate higher, with several members of the Fed scheduled to speak today, in addition to data on the confidence of the North American industry. (Felipe Alves)