Ibovespa future falls on this Super Wednesday; dollar operates in stability

The Ibovespa future retreats and the dollar is volatile at the opening of the market this Wednesday (22) (Image: Patricia Monteiro/Bloomberg)

O ibovespa future operates down 0.17% this Wednesday (22), the second Super Wednesday of the year, at 101,712 points. At the same time, New York’s stock indices operated without a defined direction.

Investors look outside, since, in Brazil, the delay in disclosing the new fiscal rule that will replace the spending ceiling does not give reason for the BC to signal a fall in the Selic rate.

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Meanwhile, the dollar operated in stability, with a slight increase of 0.04% in this trading session, quoted at R$ 5.24. The day before, the currency was traded at R$5.24.

In the United States, the Fed has a difficult task today and will need to convince the investors that it takes seriously both the problem of inflation and banking crisis.

markets today

O Ibovespa (IBOV) must have a trading session hostage to the super wednesday decision of the Federal Reserve It’s from Monetary Policy Committee (Copom). On the one hand, the Fed has a difficult task today and will need to convince the investors that it takes seriously both the problem of inflation and banking crisis in the United States.

However, the solution to each of these issues is diametrically opposed. To contain rising prices, the Federal Open Market Committee (FOMC) should maintain the pace of increase in interest rate or even tighten the dose, as imagined a few weeks ago.

But in the middle of the way came the break of the Silicon Valley Bank (SVB) and the forced marriage between Credit Suisse and rival UBS. The risk of contagion in the financial system was evident, demanding an immediate interruption of the most aggressive monetary tightening cycle in decades.

*With Olivia Bulla

Know more! INCOME TAX 2023: HOW TO DECLARE EQUITY ASSETS?

Source: Moneytimes

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