Ibovespa (IBOV) advances this Wednesday (7) before the holiday, digesting inflation data

The Ibovespa operates on a high this Wednesday (7), digesting the inflation data (Image: Patricia Monteiro/Bloomberg)

O Ibovespa (IBOV) operates on a high this Wednesday (7), the last trading session before the Corpus Christi holiday, after ending the fourth consecutive trading session on a high, rising 1.7%.

Around 10:05 am, the main stock index had a positive performance of 0.57%, at 115,259 points. At the same time, New York futures indices operated at an all-time high.

Investors digest data from inflation released by the IBGE earlier today, while keeping an eye on economic data from abroad.

The Extended National Consumer Price Index (IPCA), which measures the inflation official in the country, rose 0.23% in May, decelerating in relation to the 0.61% rise recorded in April.

The result was well below the median projected by the market, 0.33%. According to data released by the Brazilian Institute of Geography and Statistics (IBGE), the IPCA has accumulated a rise of 2.95% in the first five months of the year.

In addition, the exports from China dropped 7.5% year-on-year in May, against a forecast drop of 0.4%. It was the biggest drop since January.

while the imports fell 4.5%, compared to a 7.9% drop in April.

*With Juliana Américo and Reuters agency

Source: Moneytimes

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