Ibovespa

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On the eve, the main index of the Brazilian stock market rose 0.27%, to 117,336 thousand points. Ibovespa Freepik The Ibovespa, the main index of the São Paulo stock exchange, the B3, closed higher on Monday (12). Investors reflected an improvement in inflation expectations and followed in anticipation of the Federal Reserve’s interest rate decision (Fed, the US central bank), which takes place this week. At the end of the trading session, the index rose 0.27%, to 117,336 points. This is the highest closing on the Ibovespa since November 4th of last year, when it closed at 118,000 points. See more quotes. On the eve, the Ibovespa was up 0.27%, to 117,336 points, in the highest closing since November 4 of last year, when it reached 118 thousand points. As a result, the index began to accumulate increases of: 8.31% in the month; 6.92% in the year. What is messing with the markets? The market started this week in standby mode for inflation data in the United States and the Fed’s interest rate decision, which should be released on Wednesday (14). Despite investors’ more optimistic sentiment about a possible maintenance of interest rates by the US Central Bank, projections still indicate that the autarchy should raise the US basic interest rate once again by 0.25 percentage points. Also in the morning, the US Department of Labor released the consumer price index (CPI) for May, which came in below market expectations. In the month, the increase was 0.1%. In 12 months, US inflation accumulates a high of 4%. “This was the smallest increase in 12 months since the period ended in March 2021”, says the US Department of Labor Estimates were up 0.2% for the month and 4.1% for the year. In April, the index increased by 0.4% and reached 4.9% in the 12-month window. Core inflation rose 0.4% in May, the same result as in April. The accumulated high for 12 months of the segment that excludes food and energy increased by 5.3%. In this division, the numbers are in line with market expectations. Still in international news, OPEC kept its forecast for growth in global demand for oil in 2023 stable for the fourth month on Tuesday. World oil demand in 2023 will increase by 2.35 million barrels per day (bpd), or 2.4%, the Organization of the Petroleum Exporting Countries (OPEC) said in its monthly report. The forecast was largely unchanged from last month’s 2.33 million bpd. The group added, however, that the world economy faces increasing uncertainty and slower growth in the second half of the year, amid continued high inflation, already high key interest rates and tight labor markets. “Furthermore, it is still unclear how and when the geopolitical conflict in Eastern Europe can be resolved,” he said, referring to Ukraine. In Brazil, the Brazilian Institute of Geography and Statistics (IBGE) revealed that the production of Brazilian industry had a decrease in ten of the 15 areas surveyed in April, compared to March. Days ago, the IBGE showed that the industry shrank by 0.6% in April. Now, the institute shows that the most intense losses were registered in Amazonas (-14.2%) and Pernambuco (-5.5%). Rio Grande do Sul (2.2%) recorded the highest advance. The main industrial park in the country, São Paulo had a drop of 0.2% in production in April, compared to March. The decreases were more intense in Minas Gerais (-3%) and Rio de Janeiro (-1.8%). Compared to April 2022, industrial production fell in 12 of the 18 areas surveyed. In this comparison, the national industrial production fell by 2.7%. In corporate news, a report by legal advisors presented to Americanas’ board of directors states that the company’s financial statements were being defrauded by the previous board. In a statement released this Tuesday, Americanas said that the effect of the adjustments resulting from fraud on the company’s results over time is still being determined, “but the expectation of the management is that the impact on the most recent results is significant”. The report was based on documents delivered by the independent investigation committee and supplementary documents identified by management and its advisors after meetings with the committee. Initial plugin text

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