O Ibovespa operates on a high this Wednesday (7), with the market reacting positively to the inflation data released this morning.
Around 1:25 pm, however, the future interest rates rose and softened the highs of the paper. The average rate of interbank deposits on a day in January 2025 had a slight loss of 0.05%, but the same indicator for the long term, in 2027 and 2029, advanced by almost 1%.
The shares of indebted and consumption-related companies operated in decline. A Blue (BLUE4) lost 1.78%, while the Magazine Luiza (MGLU3) retreated 2.75%.
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The actions linked to iron ore were also a negative highlight on the Ibovespa. A CSN (CSNA3) had -3.18%, the Usiminas (USIM5) -0.41% and the CSN Mineração (CMIN3) -2.73%.
This morning, the China announced that the exports from the country shrank in May, down 7.5% compared with the same period a year earlier. The forecast was for a fall of 0.4%. already the imports contracted 4.5%, against expectations of a fall of 8.0%.
On the positive side of the Ibovespa, the Petrobras (PETR3;PETR4) rose by 2.5% and 2.60%, respectively. Morgan Stanley raised the recommendation of the bank’s ADRs, traded in NY, to “buy”.
*With information from Reuters agency
Source: Moneytimes
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