The dollar advanced against the real shortly after the opening on Tuesday (7), reflecting international fears about the tightening of monetary policy in the main economies, while, in Brazil, investors evaluated the government’s proposal to zero ICMS and reimburse States.
At 9:06 am (GMT), the spot dollar advanced 0.40%, at R$ 4.8149 on sale.
On B3, at 9:06 am (GMT), the first-maturity dollar futures contract rose 0.33% to R$4.8475.
The day before, the spot US currency closed up 0.38%, at R$ 4.7959 on sale
The day before, the commercial dollar rose 0.37%, quoted at R$ 4.7960 on sale. On the Brazilian Stock Exchange, the Ibovespa index fell 0.82%, to 110,185 points.
Among the most traded securities on the Stock Exchange, Vale and Petrobras gained 0.10% and 0.07%, in that order. Eletrobras ceded 0.14%. Magazine Luiza lost 5.29%.
Unexciting data on the domestic economy released this Monday helped to keep investors from emerging markets, such as Brazil, from being discouraged, in a global context of fear with rising prices and rising interest rates in the United States and Europe. .
After more than a month without the release of the Focus survey by the Central Bank, the median projection of economists showed that the expectation for GDP (Gross Domestic Product) growth in 2022 jumped from 0.70% to 1.20%. The expansion forecast for 2023, on the other hand, dropped from 1% to 0.76%.
The bulletin also pointed out that economists’ estimates for the IPCA (Broad Consumer Price Index), in a challenging inflationary scenario, went from 7.89% to 8.89% in 2022 and rose from 4.10% to 4 .39% in 2023.
In the Brazilian labor market, 196,966 formal vacancies were created in April, according to the Caged (General Registry of Employed and Unemployed) released, also this Monday, by the Ministry of Labor and Social Security.
The result came above the net creation of 170,655 jobs projected by analysts, but the market did not welcome the revision of March data on job creation, which fell from 136,000 to 88,100, according to Étore Sanchez, from the Activate Investments.
“In other words, despite showing strength at the margin, the moving average continues to decelerate, and the data, excluding seasonality, points to a loss of momentum at the margin,” Sanchez said.
In major overseas markets, however, investor mood was overwhelmingly positive this session.
The lifting of lockdowns in China’s cities such as Shanghai has eased fears about the performance of the world’s second-largest economy. The indicator that tracks shares of companies in Shanghai and Shenzhen advanced 1.87%.
The Dow Jones, S&P 500 and Nasdaq indexes were up 0.05%, 0.31% and 0.40%, respectively.
In Europe, there was a rise of 1.45% in the index that tracks the top 50 companies from countries that use the euro as their currency.
with Reuters
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