See the dollar quote today – 07/19/2023 – Market

The dollar opened in stability this Wednesday (19) after having remained stable in the previous session, with investors marking out bets on the next steps of interest rate policy in the United States.

This morning, the market reflects inflation data in Europe, also looking for clues about possible interest rate increases in the region. The Bank of England, for example, surprised by promoting an increase of 0.50 points in the country’s rates in its last meeting and increased risk aversion in the world.

At 9:05 am (Brasília time), the spot dollar advanced 0.04%, to R$ 4.8109 in the sale. On B3, at 9:05 am (Brasília time), the first contract dollar futures contract fell 0.09%, to R$ 4.8205.

The Brazilian stock exchange fell by 0.31% and closed at 117,841 points on Tuesday (18), pressured by low shares of Vale and Petrobras in a session marked by volatility.

The dollar, on the other hand, fell after the release of retail data in the United States, but recovered and ended the day practically stable, quoted at R$ 4.808.

futures markets continued to fall and gave breathing space to companies on the Brazilian stock exchange. Interest contracts maturing in January 2024 went from 12.79% to 12.76%, while those for 2025 fell from 10.79% to 10.74%.

The shares of “small caps”, smaller companies and more linked to the domestic economy, rose and supported the Ibovespa. The index that brings together these companies rose 0.61%.

The biggest rises of the day were with education companies Yduqs and Cogna, which rose 7.10% and 3.76%, respectively.

Despite the help from interest rates, the Ibovespa was volatile throughout the day and set a negative performance, pressured mainly by declines in Vale (0.63%) and Petrobras (0.55%), the largest on the Exchange, even in bullish day for commodities abroad.

Falls of Itaú (1.94%) and Ambev (1.14%), which were also among the most traded, put additional pressure on the index and consolidated the negative result of the Exchange.

The biggest drop was for JBS, which lost 2.82% on a low day for the protein sector — Minerva and Marfrig, for example, fell 2.03% and 2.04%, respectively. On Monday (17), Japan suspended imports of chicken meat from Santa Catarina after a case of avian flu.

The financial volume of the trading session totaled R$ 18.6 billion, below the daily average of R$ 25.9 billion in the year. In July, the average is R$ 24.2 billion.

The Brazilian Stock Exchange has operated in recent days with low volume, with financial agents waiting for incentives for new purchases, but also without motivation to sell shares.

With Reuters