Ibovespa opens lower, following bad mood abroad

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The day before, the main index of the Brazilian stock market rose 0.85%, to 106,042 points. The Ibovespa, the main index of the São Paulo stock exchange, the B3, opened lower this Tuesday (9), following the negative day abroad and with investors reflecting the minutes of the last meeting of the Monetary Policy Committee (Copom) . At 10:05 am, the index fell 0.35%, to 105,667 points. See more quotes. The shares of Vale and Petrobras, companies with the greatest weight in the composition of the Ibovespa, rose more than 1% in the session. The financial sector, which weighs heavily in the index, also closed higher. On Monday, the Ibovespa rose 2.91% to 102,174 points. With the result, it started to accumulate: High of 0.85% in the week; Gains of 1.54% in the month; Reduction of 3.36% in the year. What is messing with the markets? Tuesday began with the release of the Copom minutes, after the meeting in which the collegiate maintained the Selic rate at 13.75% per year, last week. The committee stated that the approval of a “solid and credible” fiscal framework by the National Congress could help in the fight against inflation by reducing expectations of pressures on prices and uncertainty in the economy. However, the minutes reiterated that Brazilian inflation remains under pressure and that it may rise again with more force in the second half of the year. The market also continues to echo the appointment, the day before, of Gabriel Galípolo, Fernando Haddad’s current right-hand man at the Ministry of Finance, to the monetary policy directorate of the Central Bank of Brazil. In an interview with the podcast O Subject, Solange Srour, chief economist at Credit Suisse Brasil, stated that “the statements he (Galípolo) will make will be very important, as well as the first actions of the Central Bank, so that the market sees him as someone not so dependent on the Ministry of Finance.” Who is Gabriel Galípolo In China, imports plummeted 7.9% in April, compared to the same period last year, while market expectations pointed to a slight increase of 0.5%. Exports advanced 8.5%, also in the annual comparison, before projections of 6.0%. Initial plugin text

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