THE Ibovespa (IBOV) closed Friday’s session up 0.18% to 113,500 points, according to preliminary data.
The index was mainly driven by the jump in Itau of 5.75%, which rose after results above expectations. THE Petrobras (PETR3;PETR4) also contributed to the index.
According to Alexsandro Nishimura, economist, head of content and partner at BRA, the day was not more positive for the Ibovespa due to the threat of a conflict in Europe, from which the index started to move away from the maximums of the day.
During the afternoon, there was a statement by the Secretary General of North Atlantic Treaty Organization (NATO)Jens Stoltenberg, who warned of the “real risk of a new armed conflict”.
The US, on the other hand, had another session in the negative. Nasdaq flipped nearly 3% while the S&P 500 tumbled 1.71%.
Investors are still digesting the speech of one of the directors of the Fed, James Bullard, who admitted to being dramatically in favor of a more hawkish action in the fight against inflation.
“In addition, it positioned itself in favor of raising interest rates by 1 pp until the beginning of July, including a first increase of 0.5 pp in March. It expects the Fed to spread this increase over the next three meetings and to start reducing the balance sheet in the second half of this year,” says Nishimura.
Source: Moneytimes
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