USA and China encourage Ibovespa (IBOV) this Friday (2); index opens higher

The Ibovespa operates at an all-time high this Friday (2), digesting economic data from the US and China (Image: Patricia Monteiro/Bloomberg)

O Ibovespa (IBOV) advances this Friday (2), after shooting in the first trading session of the month and closing at a high of 2.06%.

Around 10:05 am, the main stock index had a positive performance of 0.40%, at 111,002 points. At the same time, New York futures indices operated higher.

Brazilian investors look abroad, with employment data in the U.S and construction in China.

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Market Turnover

The report payroll released this Friday by the US Department of Labor announced the creation of 339,000 jobs job in May.

The result was above market expectations for the creation of 200,000 jobs, and signals that the job market in the US remains strong and calls into question the plans of the Federal Reserve to end the cycle of high interest rates.

Meanwhile, China has signaled additional stimulus to the real estate after weaker economic data boosted builders.

If confirmed, the news could help actions linked to commoditieswhich had been losing attractiveness.

This Friday, the hong kong stock market skyrocketed 4%, while the iron ore jumped nearly 3% in Dalian.

*With Juliana Américo and Olivia Bulla

Source: Moneytimes

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