Keeping the negative tone of the day before, the Brazilian Stock Exchange returns to operating in the contractionary field this Tuesday (15), pressured by investor fears about a new wave of coronavirus infections in China.
The unfolding of the conflicts in Ukraine provoked by Russia and the potential global macroeconomic impacts are also on the radar of economic agents.
At around 11:50 am, the Ibovespa, the main stock index in the local market, dropped 1.14%, to 108,673 points. At the same time, the dollar fluctuated up 0.21% against the real, quoted at R$ 5.1300 for sale.
Magazine Luiza’s shares led the session’s losses, down 7.13%, to R$4.95, after the company reported an adjusted loss of R$79 million in the fourth quarter of 2021. The numbers came below expectations by analysts.
Concerns about the spread of the coronavirus in Asia also contribute to increased risk aversion on the part of investors.
“Despite the February data [da economia da China] have far exceeded expectations, there is growing fear about the future of the Chinese economy in view of the jump in the number of Ômicron cases and the consequent reintroduction of lockdowns in populous regions due to Beijing’s “zero cases” policy”, points out the team from analysis by Guide Investimentos, in a report.
In the geopolitical sphere, the market expects this Tuesday to mark the return of rounds of negotiations between Russians and Ukrainians after a technical stop announced on Monday.
Despite more constructive signals, new Russian attacks were reported by Ukrainian authorities from yesterday to today, according to Guide analysts.
In addition to the uncertainties over the war, news of new outbreaks of Covid-19 in China is helping to bring down the price of oil, with the prospect of investors that supply chain disruptions could dampen global demand for oil.
In this scenario, the barrel of the commodity goes back to operating below the mark of US$ 100 (R$ 506.41). After the 5.12% drop the day before, the price of oil registered a drop of 7.82% this Tuesday, trading at US$ 98.54 (R$ 499.01).
The decline in the international market should not, however, represent any relief for fuel prices in Brazil.
“Despite the sharp drop in recent days, it is enough to remember that not long ago this same Brent contract was quoted at US$ 139 (R$ 703.90)”, says André Perfeito, chief economist at Necton, who does not wait for declines in the price of the commodity at the domestic level due to the most recent movement. “There is still some difference between domestic and foreign prices.”
In the United States, where the main stock indices closed down in the last session, the day is one of appreciation of the papers, especially in the technology sector.
The S&P 500 advanced 1.27%, while the Nasdaq gained 1.88% and the Dow Jones gained 0.95%.
The meeting of the Federal Reserve (US central bank) this Wednesday (16) and signals from the monetary authority about plans for US interest rates divide the attention of global investors with the conflicts in Eastern Europe.
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