Follow the dollar rate and the stock market today (15) – 01/15/2024 – Market

The Brazilian stock market fell and the dollar advanced against the real this Monday morning (15), in a session without relevant indicators on the radar and with reduced liquidity due to a holiday in the United States.

The main falls in the trading session were Vale and Petrobras, which were also the most traded of the day. The mining company, the company with the largest weight on the Ibovespa, fell more than 1%, while the oil company fell around 0.15%.

“Today there is a Martin Luther King holiday in the United States, so the markets are more still, with low liquidity. The market should only open strongly from tomorrow”, says Paulo Gala, chief economist at Banco Master.

This week, he points out that the market’s attention will be focused on the release of China’s GDP (Gross Domestic Product) and new economic indicators in Brazil and the United States.

Abroad, the dollar index against a basket of strong pairs was close to stability. In a session without catalysts in the US, investors turned their attention to China, where the central bank surprised markets by leaving its medium-term interest rate unchanged.

The world’s second-largest economy was expected to cut borrowing costs in order to boost the economy, but a weaker yuan limited the scope of monetary easing in the near term.

Following this news, iron ore futures contracts, a commodity to which the real is sensitive, fell for the second consecutive session this Monday.

With Reuters