The agenda is empty here in Brazil, but the market is keeping an eye on inflation in the United States, which rose 0.4% in April and accumulates an increase of 4.4%. With that, bets on when the Federal Reserve should cut interest rates have been revised. O Fed Funds points to a 58.5% chance of another 0.25 pp increase in interest rates.
Later, the China releases industrial profit data for April.
Despite the inflation data, Wall Street’s main indexes rose on Friday, driven by progress in discussions on raising the US debt ceiling.
Around 12:00, the Ibovespa (IBOV) was up 0.91%. On Wall Street, nasdaq rose 1.62%, S&P 500 rose 1.02% and Dow Jones accelerated to 0.90%.
Among the actions, the highlight goes to mining and steel companies, which have a day of relief with the help of iron ore.
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Giro dos Indicadores: Check out the data that came out this Friday morning (26)
Brazil
Around here, the National Construction Cost Index – M (INCC-M) rose by 0.40% in May and accelerated in relation to last month, when it increased by 0.23%. According to data from the Getúlio Vargas Foundation (FGV), the INCC-M accumulates +1.34% in the year and +6.32% in 12 months.
The Construction Confidence Index (ICST) fell 1.4 points in May, totaling 94 points. This is the lowest level since January of this year, 93.6 points.
U.S
In the United States, the preferred inflation indicator of the Federal Reserve. The Price Index for Personal Consumption Expenditures (PCE) increased by 0.4% in April, compared to a high of 0.1% in March. Already in the accumulated in 12 months, the PCE rose 4.4%.
Core PCE, which excludes volatile food and energy components, also rose 0.4%, after rising 0.3% in March. In 12 months, the indicator accumulated a high of 4.7%.
Also, the Consumer Sentiment Index, as measured by the University of Michigan, fell to 59.2 in May from a forecast of 57.7. One-year inflation expectations fell to 4.2%, while 5-year inflation expectations rose to 3.1%.
Europe
At the UKsales in retail rose 0.5% in April, when compared to the month of March. The result came in above projections for an increase of 0.4%. In the annual comparison, sales fell 3% in the period.
*With Reuters and BDM
Source: Moneytimes
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