The dollar opened this Tuesday (10) with a slight drop against the real, as the US currency paused a recent rally abroad, although fears about intensified monetary tightening in the United States and a global economic slowdown remained on the radar. .
In Brazil, investors digested the minutes of the last monetary policy meeting of the Central Bank, in which the autarchy repeated a previous signal that it will raise interest rates below 1 percentage point at its next meeting and warned of economic risks and a deterioration in inflation.
At 9:06 am (GMT), the spot dollar retreated 0.15%, to R$ 5.1475 on sale.
On B3, at 9:06 am (GMT), the dollar futures contract of the first month fell 0.36%, to R$ 5.1795.
The day before, the US spot currency jumped 1.62% to R$5.1554, the highest since March 15 (R$5.1584).
The day before, the main global stock exchanges had significant losses, reflecting the increase in fears of a global recession, after the release of weak data on Chinese exports.
The dollar, in turn, appreciated again against the real and closed last session with gains of 1.61% against the local currency, trading at R$ 5.1560 for sale. At the maximum of the day, the American currency reached R$ 5.1600.
The FTSE All-World global stock index closed down 3%, the biggest daily decline since June 2020.
In the United States, the S&P lost 3.20% and the Dow Jones lost 1.99%. The Nasdaq, with the highest concentration of technology stocks, fell 4.29%.
The sale of shares also predominated in the main stock exchanges in Europe, with a drop of 2.32% in the FTSE-100, in London and 2.75% in the CAC-40, in Paris. In Asia, Tokyo’s Nikkei closed down 2.53%, and Hong Kong’s Hang Seng lost 3.81%.
In Brazil, the Ibovespa registered a devaluation of 1.79%, at 103,250 points. With the drop observed on Monday, the Ibovespa has zeroed out the gains for the year and started to accumulate a loss of 1.5% since January.
The fall came after the release of a 3.9% increase in Chinese exports in dollars in April compared to the same month last year – a sharp slowdown compared to the 14.7% advance in March. It was the slowest pace since June 2020.
The weak figures show that China’s commercial sector, which accounts for about a third of GDP (Gross Domestic Product), is losing steam as lockdowns in major centers like Shanghai affect supply chains, raising the risk of a slowdown. deeper into the world’s second largest economy.
Added to this data is the feeling of greater pessimism already observed in the markets last week, in the face of fears of a more aggressive monetary policy tightening in the United States.
The price of oil did not escape the caution of investors with the loss of pace of global economic activity, falling 6.5% on Monday, while the price of iron ore fluctuated down 4.8%.
Local market
On the Brazilian stock exchange, commodity exporters Vale and Petrobras and Itaú shares contributed to the drop in the Ibovespa.
The state-owned company’s common shares dropped 4.01% and preferred shares dropped 2.72%, after the company announced an 8.87% increase in the average price of diesel in its refineries, with the value of fuel for distributors starting to be worth R$ 4.91 per litre, as of Tuesday (10).
In the financial sector, Itaú shares registered losses of 1.43%, after the bank had earlier reported a profit of R$7.36 billion in the first quarter of the year.
Nubank’s shares traded on the NYSE (New York Stock Exchange) plummeted almost 15% with investors’ fears about the fintech’s performance in a scenario of higher interest rates.
with Reuters
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