Ibovespa Futuro rises in reaction to the Fed’s decision and improves Brazil’s outlook

The Ibovespa Futuro opened with a strong increase in the first deals this Thursday (2), on the return of the Labor Day holiday, with investors seeking to close the gap in relation to the gains of ADRs in New York the day before, after interest rates remained unchanged in USA and improvement in the outlook for Brazil’s credit rating by Moody’s, from stable to positive.

On the corporate front, Bradesco (BBDC4) recorded this Thursday morning (2) recurring net profit of R$4.2 billion in the first quarter of 2024, an increase of 46.3% compared to the previous quarter, but a drop of 1.6% on an annual basis. WEG (WEGE3) made a profit of R$1.33 billion in the first quarter, an annual increase of 1.6%.

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 9:14 am, the futures index due in May rose 1.02%, to 128,605 points.

On Wall Street, futures indexes operate higher, as investors reflect the Fed’s maintenance of interest rates the day before and await more corporate results and important data on the labor markets.

This morning, Dow Jones Futures rose 0.42%, S&P500 advanced 0.63% and Nasdaq Futures rose 0.83%.

Ibovespa, dollar and foreign market

The spot dollar operates with a drop of 0.94%, quoted at R$5.144 for purchase and sale. The future dollar (DOLFUT) fell 1.18%, reaching 5,156 points.

In the interest rate market, futures contracts operate with a sharp decline. DIF26 fell 0.15 pp, to 10.50%; DIF27, -0.15 pp, at 10.86%; DIF29 -0.14 pp, at 11.40%; DIF31, -0.13 pp, at 11.65%.

Oil prices are trading higher, with the prospect that the US could start buying oil for its oil reserve, after prices fell to a seven-week low on hopes of an Israel-Gaza ceasefire.

Asian markets ended trading without a single direction, mirroring Wall Street’s behavior yesterday after the Federal Reserve’s interest rate announcement. In mainland China, markets have been closed since yesterday and will only reopen on Monday (6), due to a holiday.

European stocks opened with no single direction as global markets react to the US Federal Reserve’s (Fed) latest monetary policy decision and a series of corporate earnings.