The dollar advanced against the real in the first trades this Wednesday (25), in line with the recovery of the US currency abroad, with all attention focused on the disclosure, at 15:00h (GMT), of the minutes of the last meeting. the Fed’s (Federal Reserve) monetary policy framework, which may provide clues about the future path of interest rate hikes in the world’s largest economy.
At 9:04 am (GMT), the spot dollar advanced 0.92%, at R$ 4.8571 on sale.
On B3, at 9:04 am (GMT), the dollar futures contract with the first maturity rose 0.76% to R$4.8670.
The dollar traded on the interbank market closed the last session up 0.11%, at R$4.813.
The day before, the dollar interrupted the sequence of three consecutive falls, although it closed the trading session practically stable, with a slight increase of 0.08% against the real, quoted at R$ 4.8110 for sale.
The stock market managed to maintain the positive trend of the last few days and closed higher for the fourth session in a row, in a session marked by the sharp drop in Petrobras shares.
The Ibovespa closed business this Tuesday (24) with a slight increase of 0.21%, to 110,580 points, despite the drops close to 3% in Petrobras shares, after the government announced the change in command of the state-owned company.
The oil company’s preferred shares closed down 3.06%, while common shares fell 2.96%. In the United States, the company’s ADRs (American Depositary Receipt) fell even more sharply, reaching 13.6%.
Despite the fall of the day, analysts estimate that, even with the new exchange, Petrobras’ pricing policy should not undergo major changes.
The good performance of private sector oil companies helped offset the fall in Petrobras, with investors migrating to assets that also benefit from the rise in oil in the international market, without running the risk of political interference.
PetroRio’s shares closed up 3.90%, and 3R Petroleum’s shares marked gains of 3.39%, being among the biggest highs of the day on the Exchange.
Empiricus analyst Matheus Spiess says he maintains the buy recommendation for Petrobras shares even with the new change in command of the company.
He adds, however, that, within the oil and gas sector, he currently has a greater preference for the shares of the private oil company 3R Petroleum.
“In addition to not suffering the same risk of political interference as Petrobras, 3R is at more discounted levels in relation to its peers”, says Spiess.
The shares of Vale, which closed up 1.35%, and those of large banks —Bradesco advanced 2.1%, and Santander rose 1.4%— also contributed to the rise in the Ibovespa.
In global markets, after the expressive highs in the last trading session, the tone of greater caution prevailed this Tuesday.
In the United States, the main stock indices closed without a clear defined trend. The Dow Jones Industrial Average was up 0.15%, while the S&P 500 was down 0.81%, and the Nasdaq, with the biggest concentration of technology businesses, was down 2.35%.
Concerns about the impact of interest rate hikes by the Federal Reserve (Fed, central bank of the United States) on the pace of economic activity in the region, and on corporate profits, have once again weighed on the mood of investors.
Shares in tech firm Snap have tumbled 43% after the company cut its second-quarter balance sheet estimate and said the economy worsened faster than expected last month.
with Reuters
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