The dollar was trading higher against the real shortly after the opening on Tuesday (26), the date that marks the beginning of the two-day monetary policy meeting of the United States central bank, the Fed (Federal Reserve), with investors. around the world showing caution ahead of the expected 0.75 percentage point increase in US interest rates.
The growing prospect of gas shortages in Europe contributed to the generalized risk aversion movement in the financial markets, following a further reduction in fuel flows from Russia to the continent.
At 9:10 am (Brasília time), the spot dollar advanced 0.26%, at R$ 5.3860 on sale.
On B3, at 9:10 am (GMT), the first-maturity dollar futures contract rose 0.48% to R$5.3910.
Real and shares of the Brazilian Stock Exchange had a day of appreciation this Monday (25) with investors counting on an increase within the expected interest in the United States, in addition to the perspective of appreciation of important commodities for domestic exports.
The Ibovespa, the stock exchange’s benchmark, rose 1.36% to 100,269 points.
The energy segment showed strong appreciation of companies in the oil sector. Petrobras’ most traded shares jumped 4.5% this session. PetroRio’s shares advanced 4.15%.
Brent crude rose 1.89% to $105.15 a barrel. The appreciation of the raw material’s reference price comes on the day that Gazprom, the Russian state-owned giant, announced that it will reduce the flow of gas to Europe to carry out maintenance on a turbine.
The pipeline will supply 33 million cubic meters of natural gas daily, which represents only 20% of its total capacity. Until now, the state-owned company operated with 40% of the distribution potential.
Faced with the prolongation of the War in Ukraine and the maintenance of embargoes from the West to Russia, the possibility of cutting gas is increasingly considered by countries that depend on this supply, such as Germany.
It is, however, the prospect of an as-yet-expected rise in the Fed rate that since last week has brought a certain calm to the stock and currency markets.
The market takes for granted the increase by 0.75 percentage point on Wednesday (27).
In New York, the benchmark S&P 500 index rose 0.13%. Large-value stocks tracked by the Dow Jones rose 0.28%. The technology sector and companies with the highest growth potential, present in the Nasdaq indicator, fell 0.43%.
The expected hike in US interest rates will match the increase applied by the US monetary authority in June, the highest in nearly 30 years.
The process of raising interest rates is adopted by the main world economies in an attempt to slow down the inflation that has spread across the globe with the breakdown of supply chains during the pandemic.
Last week, the ECB (European Central Bank) raised the basic interest rate in the region by 0.50 percentage point, the first increase since 2011.
with Reuters
I have over 8 years of experience in the news industry. I have worked for various news websites and have also written for a few news agencies. I mostly cover healthcare news, but I am also interested in other topics such as politics, business, and entertainment. In my free time, I enjoy writing fiction and spending time with my family and friends.
