Follow the US Stock Exchanges this Monday (12) – 02/12/2024 – Market

While the Brazilian Stock Exchange remains closed for Carnival, the positive rhythm is rocking Wall Street. At around 3:21 pm, the S&P 500 index rose 0.38%, heading towards a new nominal score record (not counting inflation), above the historic mark of 5 thousand points.

The Dow Jones, in turn, rises 0.63%, and the Nasdaq, 0.38%.

Investors operate with a positive expectation for the January CPI (consumer price index), which will be released on Tuesday (13). The data could influence bets on the possible timing of a rate cut by the Fed (US central bank).

General consumer inflation is expected to slow down from 3.4% to 2.9% on an annual basis and from 0.3% to 0.2% on a monthly basis.

Another factor driving American stocks is the good earnings season, boosted by the fever around artificial intelligence.

This week, GDP (Gross Domestic Product) growth in the euro zone in the fourth quarter will also be released.

Brazilian stock index in NY

Receipts for Brazilian shares traded in the US (ADRs) follow the positive movement. The Dow Jones Brazil Titans 20 ADR index, with the 20 main Brazilian companies, rises 1.08%.

EWZ, the main ETF (index fund) that replicates Brazilian shares, rises 1.20%.

The ADRs of Petrobras and Vale rise 1.19% and 1.36%, respectively.

With Reuters