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Thursday, September 29, 2022

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    Real Time: Follow the Ibovespa (IBOV) this Tuesday (16)

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    Global markets operate with greater optimism this Tuesday (16); see the highlights

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    Global markets operate with better optimism on Tuesday (16), after a trading session marked by dismal data from China.

    On the other hand, oil continues to weaken in the international market with the recession narrative taking shape once again.

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    This morning, Brent oil, a reference used by Petrobras (PETR4), fell 0.82% to US$ 94.32 per barrel.

    Even with the pressure of the main commodities falling, the Ibovespa (IBOV) managed to get rid of the casualties yesterday and rose 0.24% to 113,000 points, driven by retail shares.

    On Tuesday, China’s real estate shares led gains among Asian stock exchanges.

    Beijing has signaled that it will provide credit guarantees to the real estate sector through state-owned China Bond Insurance, surprising the market and encompassing the private sector. This includes the Hong Kong-listed giant LongFor.

    even if the Hang Seng closed down by 1.05% to 19,830.52 points with the retreat of shares like Alibaba (BABA34) and Petrochina, the Chinese real estate shares emerged.

    Longfor shares jumped 11% as developer Country Garden rose 9%.

    Away from there, the New Tork index futures opened sideways on Tuesday, with slight profit taking from the previous session.

    Wait for more information.

    Source: Moneytimes

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