Ibovespa opens slightly higher on Wednesday

[ad_1]

The day before, the main index of the Brazilian stock market rose 1.01%, to 107,114 points. The Ibovespa, the main index of the São Paulo stock exchange, the B3, opened slightly higher this Wednesday (10), after the release of inflation data in the United States, which came in below expectations. At 10:10 am, the index rose 0.13%, to 107,250 points. See more quotes. The day before, the Ibovespa rose 1.01% to 107,114 points. With the result, it started to accumulate: High of 1.87% in the week; Gains of 2.57% in the month; Reduction of 2.39% in the year. What is messing with the markets? The big highlight of the day is the release of US inflation, which rose 0.4% in April and accumulates a high of 4.9% in 12 months, against expectations of an annual increase of 5.0%. Inflation in the world’s largest economy remains well above the Federal Reserve’s 2.0% 12-month target. Persistent inflationary pressure in the United States has led the Fed to promote the highest increase in interest rates in 16 years. In the last week, rates were increased by 0.25%, to a level between 5.00% and 5.25% per annum. High interest rates in the country weigh against assets considered risky, such as the stock market and the currencies of emerging countries, as is the case with the real. This happens because, with higher rates, US government bonds, considered the safest in the world, begin to deliver more attractive returns, leading to a migration of dollars to the country. In this sense, with the number slightly below expectations in April, the market reacts positively. Already in Brazil, the day is of little movement in the agenda of economic indicators. During the morning, the Brazilian Institute of Geography and Statistics (IBGE) releases data on industrial production in March. In that month, the industry grew 1.1%, after two consecutive months of decline, according to the IBGE. With this result, industrial production is still 1.3% below the pre-pandemic level, in February 2020, and 17.9% below the historical series record, recorded in May 2011. In the political scenario, deputy Cláudio Cajado, rapporteur for the fiscal framework, said he intends to finish the text by this Thursday (11), to present it next week. Text by the rapporteur for the fiscal framework is more credible and solid, as requested by BC, says Míriam Leitão Initial plugin text

[ad_2]

Source link