Ibovespa opens with volatility this Friday

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Yesterday, the main index of the stock exchange advanced 1.36%, to 119,264 points. Ibovespa Pexels The Ibovespa, the main index of the São Paulo stock exchange, the B3, opened with volatility this Friday, oscillating between slight highs and lows. The start of the corporate earnings season in the United States is the main highlight of the trading session. At 10:07 am, the index fell 0.15%, at 119,090 points. See more quotes. The previous day, the Ibovespa closed up 1.36%, at 119,264 points. With the result, the index began to accumulate increases of: 0.31% in the week; 1% in the month; 8.68% in the year. What is messing with the markets? On a day with an agenda empty of important economic indicators at the global level, the markets reverberate, above all, the beginning of the corporate earnings season in the United States. Today, the main highlights are JP Morgan and Wells Fargo banks, which posted higher-than-expected profits in the second quarter of 2023, highlight BTG Pactual analysts. The numbers on these balance sheets, which show the financial results of companies on a quarterly basis, are important to draw a perspective on how the economy is doing, especially when it comes to the largest economy in the world. Analysts explain that the market is waiting for the American balance sheets to understand whether the cycle of high interest rates that the country is experiencing has any impact on the results of companies. According to Daniel Moura, capital markets specialist, “If US companies are doing well, this could lead to an increase in demand for products and services around the world, which drives global growth as a whole and therefore , spills over here in Brazil too”. In addition, the results may impact commodity prices. “If the automobile industry is doing well, for example, it will buy more steel, aluminum, copper and other necessary materials, which increases the demand for these metals”, he points out. As Brazil is a major exporter of commodities, it tends to benefit from the movement. Finally, Moura points out that if the balance sheets are in line with expectations or better, this could bring confidence to investors, increasing the appetite for risk assets, such as the markets of emerging countries, as in Brazil – and the opposite is also valid. . In the domestic market, the Brazilian Institute of Geography and Statistics (IBGE) released, this morning, retail sales data for May. In the month, trade retreated 1.0% compared to April, while in 12 months it accumulates a slight positive change of 0.8%. This was the first negative monthly rate after nine consecutive months of increases. The result, despite the low, came better than the expectations of analysts, who predicted a sharper drop, of 1.20% in the monthly comparison.

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