O Ibovespa operated between highs and lows around 12:32 pm after two expressive drops in the last sessions, which made the index retreat to 110,086 points. In Wall Street:
The main American stock indices opened sharply, with results from technology companies such as amazon, apple It is alphabet also occupying the attention
In addition, the Department of Labor USA disclosed the opening of 517,000 non-agricultural jobs in January, above forecasts, while the December data was revised upwards. The average wage earnings per hour, in turn, decelerated.
“The strong data rekindles the perspective that there is still a lot of work to be done in terms of controlling the level of activity in the economy and, consequently, keeping interest rates high for a longer period than what has been placed on the curve”, assessed William Casto Alves, chief strategist at Avenue Securities.
President’s Statements Luiz Inacio Lula da Silva also have repercussions, among them that it can seek to review the autonomy of the central bank when the mandate of the institution’s current president ends, in addition to new criticisms of interest rates.
“It’s more of the same noise, but the market must misunderstand today,” observed Tullett Prebon Brasil in a report to clients this Friday. “It seems that Lula is ‘planting the seed’ for a change in the Copom’s configuration.”
Until now, the Ibovespa accumulates a weekly drop of 1.82%, the first after three weeks with a positive sign.
Source: Moneytimes
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