Follow the dollar rate and the stock market today (9) – 10/09/2023 – Market

The Brazilian Stock Exchange opened lower this Monday (9), with the conflict between Hamas and Israel in the Middle East increasing risk aversion around the world. The dollar was hovering around stability, with no defined direction.

“In addition to the conflict increasing uncertainty and raising the geopolitical scenario, making investors more averse to risk, it could also have some inflationary impact, due to the increase in the price of oil. Immediately, it’s just a matter of monitoring, but it doesn’t seem like the conflict will have a prolonged impact on asset prices”, says the Guide Investimentos team.

Brent oil opened the day on a sharp rise and rose 3.23%, to US$87.31 a barrel.

This Monday, the United States celebrates the Columbus Day holiday, and the American bond market, the so-called “treasuries”, will not work. US Treasury bonds have risen sharply in recent weeks and have been boosting the dollar in recent sessions.

In Brazil, investors await the release of the IPCA (Broad Consumer Price Index), scheduled for Wednesday (11).

At 10:21 am, the Ibovespa fell 0.29%, to 113,836 points, while the dollar rose 0.03%, practically stable at R$5.162.

On Friday (6), the dollar reached R$5.22 after the release of strong employment data in the United States, but ended the session down 0.12%, quoted at R$5.161.

The Brazilian Stock Exchange started the day with a sharp drop, brought down precisely by the American scenario, but turned to an increase supported mainly by shares of large companies. The Ibovespa ended the session with an increase of 0.78%, at 114,169 points.

The main risers of the day were Vale, Petrobras and Itaú, which rose 1.60%, 2.29% and 0.18%, respectively, and were the most traded of the session.

During the week, however, the Ibovespa accumulated a drop of 2.05%.

Following data from the United States, the yield on ten-year American bonds, a global reference for investment decisions, rose 0.06 percentage points this Friday. In the morning, however, shares rose 0.14 points.

With the deceleration of bonds throughout the day, the dollar also lost strength and was unable to sustain gains against the real, ending the session with a slight drop as the market digested the payroll data.

The review of job openings in August and data on lower-than-expected salary growth, for example, were slight positive signs, and the market had already been increasing its bets on a rise in interest rates in recent sessions.

Future interest rates in Brazil followed the same movement: they rose sharply at the beginning of the day, rising by more than 0.30 percentage points, but lost strength and ended the session falling.