Ibovespa trades near stability with commodities in evidence; Vale (VALE3) and Petrobras (PETR4) rise significantly and the dollar advances

OR Ibovespa opened Friday’s session (12th) close to stability and, around 10:20, the index advanced by 0.09%, to 127,509 points.

OR Petrolium this morning it flies, with increases close to 2.50%. In this wake, the Petrobras advances: Petrobras ON (PETR3), +1.40% at R$41.20 and Petrobras PN (PETR4), +1.32% at R$39.83.

Another merchandise highlighted today is iron ore, which closed up 3.12% this morning in Dalian, China. With this, the OK (VALE3) advances by 1.57% to R$62.82.

The largest increase in Ibov at the beginning of the session it was Prio (PRIO3), +3.90% at R$51.74. Usiminas (USIM5), +2.24% at R$10.49 and Petrobras ordinary shares complete the top-3.

At the negative end of the Bovespa IndexAzul (AZUL4) leads the losses with -2.98% to R$ 12.04, followed by Yduqs (YDUQ3), -2.80% to R$ 15.29 and Carrefour (CRFB3), -2.54% to R$12.28.

On investors’ radar

Earnings season for the first quarter of 2024 begins today in the United States, and the numbers could influence stock markets from now on. JP Morgan, Citigroup and Wells Fargo, large North American banks, are some of the companies that will publish their results this Friday.

Additionally, some Federal Reserve officials, such as Raphael Bostic and Mary Daly, are expected to make statements today. Therefore, investors are paying attention to any new signals regarding the conduct of monetary policy in that country, after PCE inflation data worsened expectations about the start of interest rate cuts.

In Brazil the day has an empty agenda, but both the US budgets and the speeches of the Fed directors can impact the market trend Ibovespa today.

Ibovespa’s biggest ups and downs

Dollar exchange rate

A dollar exchange rate today it advanced by 0.65% to R$5.1245.

OR Dollar today runs counter to the collapse of Treasury bonds in the United States, with investors adjusting their expectations in relation to the country’s monetary policy cycle.

Asian stock markets close lower, with a decline in Chinese exports

Asian stock markets closed trading this Friday (12th) mostly lower, with the Hong Kong stock market hit by weak export data from China.

The Hang Seng, the only relevant Asian stock index that had not yet closed when the latest Chinese trade balance data was published, a few hours late, fell 2.18% in Hong Kong, to 16,721.69 points.

In the March year-over-year comparison, China’s exports unexpectedly fell by 7.5%, which contradicts the forecast of an increase of 0.1%. Imports from the Asian giant also disappointed.

Even in mainland China, where markets were already closed when the trading indicator was released, the day was characterized by losses, led by energy and real estate stocks. The Shanghai Composite Index fell 0.49% to 3,019.47 points, while the less comprehensive Shenzhen Composite Index fell 0.81% to 1,707.71 points.

Elsewhere in Asia, the Kospi fell 0.93% in Seoul to 2,681.82 points as risk appetite weakened after South Korea’s central bank, known as BoK, left its benchmark interest rate unchanged at 3.5% for the tenth time in a row, while Taiex recorded a marginal loss of 0.08% in Taiwan, at 20,736.57 points.

Remarkably, Japan’s Nikkei rose 0.21% in Tokyo to 39,523.55 points, helped by electronics and real industry stocks, partly thanks to the weakness of the yen.

In Oceania, the Australian stock market remained in the red, under pressure from banking and consumer stocks. In Sydney the S&P/ASX 200 index fell by 0.33% to 7,788.10 points.

Last closure of Ibovespa

OR Ibovespa it closed yesterday’s session (11th) with a drop of 0.51%, to 127,396.35 points.

Source: Terra

Rose

Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.