Ibovespa hesitated under pressure from Vale and focused on the fuel decision

Ibovespa did not show a clear pattern on Monday, pressured in particular by the decline in Vale, on the back of the decline in ore, while financial agents monitor movements related to fuel restocking, which limited the beneficial effect of equity holdings ‘abroad .

At 11:08, Ibovespa was down 0.04% to 105,760.85 points. The financial volume amounted to 2.2 billion reais. 11:08

It closed down 1.67% on Friday at 105,798.43 points, representing a loss of 3.1% in the week shortened by Carnival amid fears of a possible further monetary policy effort in the US in light of the resilience of US inflation.

The rally in European stock markets and North American stock futures this session offered some support to the Brazilian trading session, albeit limited by the decline in iron ore in China, which put pressure on shares in mining company Vale. which alone holds about 15.5% of Ibovespa.

Investors of the São Paulo Stock Exchange are also awaiting the potential consequences of a meeting this morning between President Luiz Inácio Lula da Silva, the ministers of the Civil House, Rui Costa, and of Finance, Fernando Haddad, and the president of Petrobras, Jean Paul Prates, this Monday.

According to the Ágora Investimentos team, all attention is focused on the interim fuel measure, which expires on Tuesday.

“The uncertainties about the reactivation of fuel taxes put even more pressure on the trend of future inflation – already shaken by the constant questions about maintaining or not the target regime”, he observes in a report sent to customers.

HIGHLIGHTS

– VALE ON returned 1.22%, to 84 reais, impacted by lower iron ore futures contracts in China and Singapore after China’s Tangshan steelmaking center was forced to close part of its Saturday its capacity in response to heavy pollution.

– PETROBRAS PN gains 0.85%, to 26.19 reais, and PETROBRAS ON gains 0.57%, to 29.75 reais, amid expectations related to the new fuel price clutter, against the backdrop of modest price changes of oil on the foreign market.

– BRADESCO PN recorded an increase of 0.3%, to 13.34 reais, while ITAÚ UNIBANCO PN recorded a negative change of 0.16%, to 25.63 reais. Central bank data showed that loans in Brazil fell 15.3% in January compared to December.

– MAGAZINE LUIZA ON rose by 0.83%, to 3.64 reais, in a positive session for the consumer sector. The retailer also approved a new buyback program involving up to 40 million shares, or 1.39% of the total outstanding.

– ALLIAR ON, which is not on Ibovespa, fell by 7.67%, to 20.58 reais, after the Securities and Exchange Commission (CVM) rejected a request for more time for the public tender offer (OPA) by the controller of the pharmaceutical company diagnostics. According to the company, the controller will resubmit the request to the OPA.

– IRB BRASIL ON, which is also no longer part of Ibovespa, lost 5.44%, to 20.18 reais, after postponing the publication of fourth quarter results to 8 March. The numbers are expected this Monday, after the market closes.

Source: Terra

Rose

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