Dollar and Ibovespa operate on the rise following the release of the preview of inflation in Brazil and the US GDP

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The day before, the North American currency rose 0.17%, quoted at R$5.0011, while the Ibovespa ended the session with a drop of 0.82%, at 112,830 points. Dollar opens slightly higher bearfotos/Freepik The dollar opened this Thursday’s session (26), trading at R$5.0105, up 0.13%, while global markets followed the release of the preliminary indicator of Brazilian inflation and awaited the result of the Gross Domestic Product (GDP) of the United States. The day before, the North American currency closed up 0.17%, quoted at R$5.0011. Ibovespa, the main stock index on the Brazilian stock exchange, B3, started the session with an increase of 0.20%, at 113,069 points. The IPCA-15, an indicator that anticipates official inflation data in Brazil, slowed from 0.35% to 0.21% from September to October, IBGE reported. See the day in the markets below. Dollar On Wednesday, the dollar closed the day with an increase of 0.17%, quoted at R$5.0011. See more quotes. The previous day, the North American currency fell 0.47%, trading at R$4.9927, renewing its lowest level in almost a month. As a result, it began to accumulate losses of: 0.58% in the week; 0.51% in the month; 5.25% in the year. Ibovespa Ibovespa closed down 0.82%, at 112,830 points. Among the negative highlights, Weg shares fell more than 9%, after the company reported revenue below market expectations in the third quarter of this year. The day before, the index closed with an increase of 0.78%, at 113,762 points. With today’s result, it started to accumulate: decrease of 0.29% in the week; drop of 3.20% in the month; gain of 2.82% in the year. On Wednesday, the dollar was quoted at R$5.0011. READ ALSO CASH OR CARD? What is the best way to take dollars when traveling? DOLLAR: When is the best time to buy the currency? What’s moving the markets? The rise of the dollar in this session accompanied the positive performance of North American public bonds maturing in 10 years. In times of uncertainty — like the current one, with wars and the risk of recession on the radar — it is normal for investors to rush to assets that are considered safer, to reduce investment risks. This movement ends up appreciating the dollar against other currencies because purchases of these securities can only be made in North American currency. Currently, Federal Reserve (Fed, the central bank of the United States) interest rates are between 5.25% and 5.50% per year, the highest level in two decades, reflected in the yield on the country’s public bonds, which become more attractive. Furthermore, investors from all over the world are keeping an eye on the corporate earnings release season, with results for the third quarter of 2023. In this session, the highlights were Microsoft and Alphabet (Google’s parent company). Both presented a positive result: Microsoft had a 9% growth in profit in the last quarter, while Alphabet’s profit soared 41.5%. In Brazil, the highlight among the balance sheets was Banco Santander, which recorded a profit of R$2.7 billion in the third quarter, below market expectations. Weg’s result was also on the radar, after the manufacturer of electric motors and industrial paints reported net revenue of R$8.07 billion, below market forecasts (R$8.43 billion). In addition to the balance sheets, in the domestic scenario, investors continued to monitor the progress of economic agendas in the National Congress. “In the Senate, the text of the tax reform can be read in the CCJ today and the payroll tax exemption will be voted on urgently. The proposal to tax exclusive and offshore funds is also scheduled for this Wednesday in the Chamber, after being postponed again yesterday “, highlights the BTG Pactual analysis team. Still abroad, the announcement of new economic stimulus in China was also on the radar, as were the developments in the conflict in the Middle East and expectations for the Federal Reserve (Fed, the central bank of the United States) meeting, which takes place next week. .

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