The dollar opened sharply against the real this Friday (17), a movement attributed by investors to an adjustment to the strong aversion to risk registered the day before in international markets, when Brazilian assets had no negotiations due to the Corpus Christ holiday.
The decision of the Central Bank on Wednesday (15) to raise the Selic rate by 0.50 percentage point, to 13.25%, should also dominate the focus of market agents this Thursday.
At 9:12 am, BrasÃlia time, the spot dollar advanced 2.12%, at 5.1343 reais on sale. On B3, at 9:12 am (GMT), the first-maturity dollar futures contract rose 1.52% to R$5.1550.
In the last session, on Wednesday, the spot US currency closed down 2.07%, at R$ 5.0278 on sale.
The Central Bank will auction up to 15,000 traditional foreign exchange swap contracts for the purpose of rolling over the maturity date on August 1, 2022.
Global stock markets plunged into pessimism on Thursday (16), a day after the Fed (Federal Reserve, the US central bank) confirmed a 0.75 percentage point increase in its interest rate.
It is the biggest increase applied by the monetary authority of the United States since 1994
On the New York Stock Exchange, the benchmark S&P 500 plunged 3.25%. The accumulated drop this year is already close to 23%.
The Dow Jones, which tracks the shares of three dozen large companies in the country, tumbled 2.42%. The loss in 2022 reached 18%.
The Nasdaq indicator dropped 4.08% in this session and 32% in the year. This index is an important thermometer to assess the fear of rising interest rates, as it is composed of medium-sized companies in the technology sector that depend on cheap and plentiful credit to grow.
European equities fell to their lowest levels in 16 months, as the Stoxx 600 index tumbled 2.47%. In addition to the Fed’s rally, negative pressure in Europe gained traction after the UK and Switzerland also tightened their monetary policies. .
The London, Paris and Frankfurt Stock Exchanges closed with drops of 3.14%, 2.39% and 3.31%, respectively.
In Brazil, the stock and foreign exchange markets do not work due to the Corpus Christi celebrations. The day before, the Ibovespa closed up 0.73%, at 102,806 points, interrupting a sequence of eight consecutive daily declines.
The increase applied on Thursday by the Fed raised the benchmark rate for daily lending between banks (a benchmark for the credit sector in general) to a range between 1.5% and 1.75% per year. The cycle of increases, however, is far from over.
Projections released by The Wall Street Journal and Financial Times point to a rate close to 3.4% by the end of this year, or an additional approximately 1.75 percentage points in the next four meetings of the authorities that make up the Fomc, the monetary council. of the Federal
After the decision was released, Fed Chairman Jerome Powell said he hoped that increases of this magnitude would not become common, but also commented that he considered a further increase of between 0.50 and 0.75 point likely at the next meeting of the body.
Powell stressed that the next steps will be dictated by inflationary pressures, highlighting in his commentary the problems in the global supply chain arising from Covid in China and the War in Ukraine.
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