Follow the dollar exchange rate and the Stock Exchange session today (15) – 02/15/2024 – Market

On a day that began with investors paying attention to the release of disappointing data from large economies, the dollar opened lower this Thursday (15).

The market is still digesting the GDP (Gross Domestic Product) results released by Japan and the United Kingdom, which placed them both in recession, this Thursday morning. The result is a sign that the main central banks will not persist with restrictive monetary policy for long.

Given this situation, the North American currency opened the day with a decline of 0.22%, quoted at R$4.9618.

On Wednesday (14), the dollar appreciated 0.22%, to R$ 4.9716, while the Ibovespa fell 0.79%, to 127,018.29 points

The result was a reflection of data released by the United States on Tuesday (13), with the deceleration of the CPI (consumer price index, its acronym in English) to 3.1% in January, a smaller drop than the expected —economists consulted by Bloomberg predicted 2.9%.

In comparison with December, the monthly increase rose 0.1 percentage point to 0.4%, the highest since September.

The negative surprise shook investors, who predicted the start of the US interest rate cut cycle in May. With inflation stronger than expected, bets moved to June.

While the Brazilian market was closed for Carnival, Brazilian ADRs (share receipts) traded on US stock exchanges followed the negative trend.

On Wednesday, the S&P 500 rose 0.91% and the Dow Jones, 0.33%. The Nasdaq had gains of 1.30%, driven by big techs.

Wall Street indexes had fallen to lows in more than a week on Tuesday. The Dow Jones recorded its worst day in 11 months.

_{With information from Reuters}