Ibovespa operates low this Thursday

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The day before, the main index of the Brazilian stock exchange rose 1.70%, to 118,135 points. Ibovespa Burak The Weekender/Pexels The Ibovespa, the main index of the São Paulo stock exchange, the B3, opened lower this Thursday (24th), on a day with an empty schedule in Brazil, but with investors reflecting new data from the stock market work in the United States. At 11:15 am, the index fell 0.34%, to 117,738 points. See more quotes. At the same time, the shares of Vale, the company with the greatest weight in the composition of the Ibovespa, also operated at a low of 1.00%, helping to keep the index in the negative. The fall in the company’s shares follows the devaluation of iron ore abroad. The previous day, the Ibovespa closed up 1.70%, at 118,135 points. With the result, the index started to accumulate: high of 2.36% in the week; drop of 3.12% in the month; and gain of 7.65% in the year. What is messing with the markets? There are no major highlights on the Brazilian agenda today, with the exception of President Luiz Inácio Lula da Silva’s participation in the BRICS summit. The group, which brings together Brazil, Russia, India, China and South Africa, invited six other countries to join the bloc as of 2024: Iran, Saudi Arabia, Egypt, Argentina, Ethiopia and the United Arab Emirates. Yesterday, the stock market rose by almost 2% following the good mood abroad, but also motivated by internal factors, above all the approval of the final text of the new fiscal framework. This text brings a greater sense of security to the market, because it establishes rules that limit and shed light on government spending. Without a framework, the concern with out-of-control expenses gains ground and, therefore, the approval was seen with good eyes. In the external scenario, investors echo the release of some US economic data, with emphasis on the number of unemployment insurance claims, which fell to 230,000 in the last week, below market expectations, of 240,000. A more heated job market could further impact US inflation, as it keeps money in the hands of the population, leading the Federal Reserve (Fed, the country’s central bank) to further raise interest rates there, which are currently at between 5.25% and 5.50% per year. UNDERSTAND THE EFFECTS: American interest rates rise and threaten inflation and economic recovery in Brazil It is also this Thursday that the Jackson Hole Symposium begins, an event that brings together various political and economic authorities to talk about the current moment and the direction of the economy from United States. Fed Chairman Jerome Powell is due to speak only tomorrow.

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