Stock market falls and dollar has third consecutive fall with focus on overseas scenario

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The stock market and the dollar opened in decline this Wednesday (25) reflecting the prospects for the global economy, after Microsoft projected a slowdown in its revenues for this year, which raises concerns about the performance of the United States economy, and doubts about the pace of China’s recovery.

At 11:10 am (Brasília time), the Ibovespa was down by 0.50%, at 112,458 points. The spot commercial dollar also fell 0.40%, to R$ 5.121, in the third consecutive day of fall against the real, with the increase in the flow of foreign resources arriving in Brazil. Even with a municipal holiday in São Paulo, business on the B3 normally takes place on this Wednesday.

Interest rates also show a downward trend, with the economic agenda emptied. Contracts for 2024 rose from 13.53% at the close of this Tuesday (24) to 13.49% at 11:10 am. For 2025, the rate retreated from 12.74% to 12.67%. Upon maturity in 2027, interest fell from 12.80% to 12.68%.

This Tuesday, the Stock Exchange closed higher, with an adjustment movement after the consecutive falls of bank and retailer shares, explains the analysis team at Guide Investimentos.

“For the remainder of the session, there are few price drivers in the economic field, with investors’ focus being on corporate earnings season,” explains Guide. After the market closes in the United States, Tesla and IBM numbers will be released.

When disclosing its balance sheet this Tuesday (24), Microsoft projected that the growth of its revenues in the area of ​​cloud for companies will slow down this year, in addition to warning of a possible drop in sales of software.

According to analysts, these warnings made by the technology giant increased fears of a recession in the United States economy, with repercussions on Brazilian stocks, especially producers of basic materials, such as Petrobras and Vale, due to the prospect of reduced demand for oil. and iron ore.

Petrobras’ common and preferred shares fell by 1.12% and 0.86%, respectively, while Vale’s common shares fell by 0.14%.

Banks were also in decline, after Americanas presented the list of creditors to the Court, within the scope of its judicial recovery, with details on the debts with each bank.

Bradesco common shares fell 1.05%, and common shares fell 0.79%. Itaú Unibanco preferred shares fell by 1.21%, while Santander Brasil and BTG Pactual Units fell by 0.97% and 2.22%, respectively. Americanas common shares rose 6.25%, quoted at R$ 0.85.

Regarding the dollar, financial agents have been mentioning in recent weeks the entry of foreign funds into Brazil, attributing the movement especially to the expectation that the end of the cycle of high interest rates in the United States is near.

The Federal Reserve (Fed), the US central bank, is meeting next week and the majority bet on the market is for a further reduction in the pace of monetary tightening by the US central bank.

Despite historically high interest rates by American standards, currently in the range between 4.25% and 4.50%, Brazilian assets remain attractive to foreigners, as the Selic is at 13.75% per annum.

With Reuters

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