Ibovespa rises to 128 thousand points with Vale (VALE3) and Petrobras (PETR4) in the positive; BRF (BRFS3) leads losses and dollar falls

Ibovespa rises to 128 thousand points with Vale (VALE3) and Petrobras (PETR4) in the positive; BRF (BRFS3) leads losses and dollar falls
Ibovespa rises to 128 thousand points with Vale (VALE3) and Petrobras (PETR4) in the positive; BRF (BRFS3) leads losses and dollar falls
-

O Ibovespa opened this Thursday’s session (01) on a high note. At around 10:30 am, the index increased 0.33%, to 128,151 points

O Petroleum advances around 0.50% this morning, and Petrobras follows the rise: Petrobras ON (PETR3) rises 1.04% to R$48.60 and Petrobras PN (PETR4) advances 0.59% to R$46.69.

A OK (VALE3) has an increase of 0.40% to R$ 68.03, with the iron ore showing mixed performance this morning in China and Singapore.

The biggest rise at the start of the session is EzTec (EZTC3), +2.01% at R$15.75. On the negative side, emphasis on BRF (BRFS3)-1.22% to R$13.78.

On investors’ radar

The market must reflect the decisions of monetary policy the day before, when Brazil reduced the Selic by another half percentage point, to 11.25% per year, and the United States maintained the Fed Funds rate in the range between 5.25% and 5.50%. The president of Fed, Jerome Powellhowever, signaled that the interest in the United States should not fall in March, which frustrated the expectations of part of the market.

Biggest highs and lows of Ibovespa

Quotes from
Actions

Quotes extracted on 02/01/2024 at 10:33

  • Biggest Highs

  • Biggest Casualties

ARZZ3

AREZZO&CO

R$ 65.62


4.84%

SUM3

SOMA SA FASHION GROUP

R$ 8.18


3.28%

CVCB3

CVC BRAZIL

R$ 3.00


3.09%

EZTC3

EZ TEC

R$ 15.82


2.46%

LREN3

RENNER STORES

R$ 16.32


1.68%

BRFS3

BRF

R$ 13.77


-1.29%

ABEV3

AMBEV

R$ 12.94


-1.07%

RDOR3

REDE D OR SÃO LUIZ SA

R$ 26.89


-0.96%

MGLU3

MAGAZINE LUIZA

R$ 2.08


-0.95%

IGTI11

JEREISSATI

R$ 23.68


-0.84%

*Quotations extracted on 02/01/2024 at 10:33

Dollar exchange rate

A dollar exchange rate today drops 0.20% to R$4.9427.

Asian stocks close mixed on fears about China

To the asian handbags closed without a single direction this Thursday (01), one day after the Federal Reserve (Fed, the US central bank) indicated that it does not intend to cut interest rates soon and also amid persistent fears about the outlook for the Chinese economy.

Today, in mainland China, the index Shanghai Compound fell 0.64%, to 2,770.74 points, and the least comprehensive Shenzhen Compound fell 0.46%, to 1,537.75 points, after new data on manufacturing activity did not alleviate concerns about the world’s second largest economy.

O Chinese manufacturing PMI measured by S&P Global/Caixin was unchanged at 50.8 last month, with the reading above 50 suggesting modest expansion in manufacturing for the third consecutive month. The data differs from the official PMI of Chinese industrywhich rose slightly to 49.2 in January, but showed contraction in the sector for the fourth month in a row.

In comments on China’s official PMIs, Commerzbank said yesterday that Beijing will likely have to adopt more aggressive stimulus measures to boost the Asian giant’s economy.

The Japanese Nikkei also showed a negative performance today, with a drop of 0.76% in Tokyo, at 36,011.46 points, but there were gains in other parts of Asia: the South Korean Kospi advanced 1.82% in Seoul, to 2,542.46 points, the Hang Seng rose 0.52% in Hong Kong, to 15,566.21 points, and the Taiex recorded an increase of 0.44% in Taiwan, to 17,968.11 points.

Yesterday, the Fed left its interest rates unchanged for the fourth time in a row, as was widely expected, but also signaled that it would not cut them in March, postponing the expected relaxation in US monetary policy and bringing New York stock exchanges down.

In Oceania, the Australian stock market felt the weight of the cautious Fed and was in the red this Thursday, after reaching an all-time high in the previous session. O S&P/ASX 200 fell 1.20% in Sydney, to 7,588.20 points.

Europe falls after balance sheets

To the European scholarships have a majority drop this Thursday morning, as investors evaluate a series of corporate balance sheets, as well as data on inflation and manufacturing activity in the euro zone, and also one day after the Federal Reserve (Fed, the US central bank) signaled that it is not in a hurry to cut interest rates. Soon, the focus will turn to the monetary policy decision of the Bank of England (BoE).

Check out the performance of the indices around 8am:

London (FTSE100): -0.02% at 7,664 points
Frankfurt (DAX): -0.15% to 16,878 points
Paris (CAC 40): -0.82% to 7,593 points
Madrid (Ibex 35): +0.21% to 10,098
Europe (Stoxx 50): -0.29% to 4,635 points

European banking giants and the Anglo-Dutch oil company Shell have released balance sheets in the last few hours.

The French BNP Paribas, the largest bank in the euro zone by market capitalization, failed in profit and revenue in the fourth quarter of 2023. This morning, its share fell 8.2% in Paris. The same happened with ING, with the Dutch bank’s stock falling close to 9% in Amsterdam. Deutsche Bank had lower profits, but raised its dividend and announced share buybacks, and its shares jumped 4.3% in Frankfurt. Shell’s balance sheet was also pleasing. In London, the oil company’s shares rose almost 3%.

In macroeconomic news, the euro zone’s annual consumer inflation (CPI) rate slowed slightly in January, to 2.8%, but was slightly above expected, at a time of uncertainty about when the European central bank (ECB) may start to reduce interest rates. The bloc’s unemployment rate, in turn, remained at a historic low of 6.4% in December. Already the Eurozone manufacturing PMI January rose to 46.6, confirming preliminary estimates, but remained below the barrier of 50 that indicates a contraction in manufacturing.

The mixed behavior of business in Europe also comes a day after the Fed maintained interest rates, but indicated that it will not cut them in March, postponing the expected relaxation in US monetary policy and bringing New York stock exchanges down.

*With information from Dow Jones Newswires and Estadão Conteúdo

Ibovespa on Wednesday

O Ibovespa ended yesterday’s session (31) up 0.28%, at 127,752.28 points.

The article is in Portuguese

Tags: Ibovespa rises thousand points Vale VALE3 Petrobras PETR4 positive BRF BRFS3 leads losses dollar falls

-

-

PREV Man arrested for murdering girlfriend inside motel in SP
NEXT Check out how soybean prices ended the week