Follow the dollar rate and the stock market today (22) – 02/22/2024 – Market

The Brazilian Stock Exchange registered an increase this Thursday morning (22), following foreign indices and driven by an increase of more than 1% in Vale’s shares, the company with the most weight on the Ibovespa.

On Wall Street, futures signaled a rising opening for North American stock markets, fueled by the repercussions of Nvidia’s results and forecasts.

In its balance sheet, the big tech predicted a 265% increase in quarterly revenue, handily exceeding expectations, supported by strong demand for its artificial intelligence chips that lead the sector, causing its shares to rise 10% in the post- North American market.

The Guide Investimentos team drew attention to the Nvidia effect on the markets, stating that the numbers released by the chip manufacturer highlight the growing optimism in relation to the artificial intelligence sector.

“Better-than-anticipated expectations for Nvidia’s sales boosted global markets, highlighting growing optimism regarding the artificial intelligence sector,” said economists at Guide.

At 11:20 am, the Ibovespa rose 0.38%, to 130,526 points, while the dollar advanced 0.20%, quoted at R$4.948.

The euphoria on international stock markets also contaminated the global interest market, with yields on American bonds, the so-called “treasuries”, showing a sharp drop.

This offset the caution triggered on Wednesday after the release of the minutes of the Federal Reserve’s last monetary policy meeting.

In the document, the Fed reported that most voting members were concerned, at the US central bank’s last meeting, about the risks of cutting the benchmark interest rate too soon, with widespread uncertainty about how long borrowing costs would last. should remain at the current level.

With Reuters