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Wednesday, March 22, 2023

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Ibovespa tries to remain in the positive field in a week with a busy schedule

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During the week, the highlight is “Super Wednesday”, when the first “Fompom” of the year takes place (Image: Marcello Casal Jr/Agência Brasil)

THE Ibovespa tries to stay in the positive field this Monday in a week with a full schedule. Around 12:22 am, the index rose 0.20%, to 112,530 points. In Wall Street:

The main indices in USA opened lower on Monday to kick off the busiest week of the earnings season and ahead of major meetings. central banks.

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The highlight is “Super Wednesday”, when the first “Fompom” of the year takes place.

On this day, the Federal Open Market Committee (FOMC) of the Federal Reserve and the Monetary Policy Committee (Copom) of Central Bankl from Brazil announce their respective interest rates within a few hours. It will be the first concurrent meeting of 2023out of a total of six.

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Also, in February, after “Super Wednesday”, comes “Super Thursday”. On this day, the central banks of England (BoE) and the euro zone (ECB) also meet and announce their decisions almost successively.

In the view of the team of Investment Guidethe focus should remain on the statement from the US central bank, which will be released with the decision of the Federal Reserve on interest rates on Wednesday.

“Inflation has shown good signs of slowing down, but the Fed cannot declare victory yet,” he said in a note to clients. “At the same time, several leading and some coincident indicators are already showing signs of recession.”

In this stalemate between growth and inflation, the Guide assesses that the Fed should choose not to show complacency with the price level and may choose to give a tougher speech, aiming to take a fall in interest rates in 2023 from the market’s bets.

The quarterly earnings season is also on the market’s radar, with BigTech numbers amazon, apple, alphabet and Goal us U.Swhile in Brazil, Santander (SANB11) announces its result on Thursday, before the opening.

With Reuters

Source: Moneytimes

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