Ibovespa operates at lows, following bad mood from abroad

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Yesterday, the main index of the Brazilian stock exchange retreated 0.10%, to 117,777 points. Ibovespa operates in low, pulled by the exterior. Freepik The Ibovespa, the main index of the São Paulo stock exchange, the B3, opened lower, following the risk aversion that predominates in the international markets after the release of new economic data from China that came with a weak result, indicating a slowdown in the activity. At 11:20 am the index fell 0.21%, to 116,642 points, . See more quotes. The previous day, the Ibovespa closed down 0.10%, at 117,777 points. As a result, the index began to accumulate increases of: 1.76% in the month; 7.33% in the year. What is messing with the markets? What is messing with the markets? Once again, the situation in China worries the market. Today, the Purchasing Manager’s Index (PMI) figures for the services sector were released, showing a drop from 54.1 points in July to 51.8 in August. This indicator reveals the market’s perception of the economy and is measured from 0 to 100 points. Values ​​greater than 50 indicate expansion, while smaller values ​​indicate contraction. Thus, the market’s view is that the Chinese economy is still expanding, but facing a sharp slowdown, which intensifies month by month in several sectors. There was also release of the Composite PMI in Europe, where the result was even worse: the indicator dropped from 48.6 in July to 46.7 in August, showing an acceleration in the contraction of the economy of the Old Continent. In Brazil, the markets are experiencing yet another day of reduced trading volume due to the holiday on the 7th, when the stock exchange will not work. The highlight of today’s agenda is the industrial production figures for July. According to the Brazilian Institute of Geography and Statistics (IBGE), Brazilian industry fell by 0.6% in July, while market projections were for a slight increase. Compared to the same month last year, industrial production dropped even more sharply, by 1.1%. In the year, so far, the low is 0.4%.

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