Ibovespa fired at 139,000 points with a possible end of the Altas Cycle in Selic, commodities and the deceleration of inflation in the US (image: istock.com/erhui1979)
One day after a weak and cool session from abroad, the Ibovespa (Ibov) jumped almost 3,000 points and recorded a “double record” on Tuesday (13). Message of inflation in the United States, appreciation of commodities-which boosted the heavyweights-and expectation of the end of the monetary tightening cycle in Brazil sponsored the strong appetite to local risk.
Today (13), the main index of scholarship Brazilian closed At 138,963.11 points, with an advance of 1.74%, in a new nominal record. The highest level until then was recorded on August 28, when the index ended the session at 137,343.96 points.
During the session, the Ibovespa also renewed the intradia historical maxim at 139,418.97 points. The previous mark had been registered on May 8, at 137,634.57 points.
Already the dollar in sight (USBRL) ended the negotiations with R $ 5,6087, with a drop of 1.32% compared to the real.
In the domestic scenario, investors also reverberated the minutes of the last meeting of the Monetary Policy Committee (Copom). The document, released earlier today by the Central Bank (BC), stressed that the uncertainties surrounding economic policy in United States and the tariff war against China have an impact on expectations of inflationstill disagreeed.
In the market evaluation, the minutes was “neutral” regarding the statement of the decision on Selic and the financial agents raised the bets that the monetary tightening cycle in Brazil has already come to an end. “The current plan of the committee seems to be to maintain the rate unchanged in the next meetings, albeit without a firm commitment in this regard,” said XP chief economist, Caio Megale.
Last week, the BC collegiate raised Selic at 0.50 percentage point (PP), to 14.75% per yearand left the window open to a possible end of the monetary tightening cycle.
You swing corporate continued to concentrate much of the investors’ attention, especially the results of Petrobras (Petr3; Petr4).
Us United Statesthe indexes of Wall Street They operated without a single direction, with the markets reacting to new economic data and statements by President Donald Trump.
The Consumer Price Index (CPI) registered 0.2% in April, expected by the market. In 12 months, inflation rose to 2.3%, just below analyst forecasting. The data consolidated the chance that the Fed cut interest at 50 base points by December this year as a majority bet. Today, US interest rates are in the range of 4.25% to 4.50% per year.
Although the CPI is not the federal reserve inflation of the Fed (Fed), it serves to calibrate the bets of financial agents on the trajectory of US interest rates.
With the annual slowdown, Trump has again required the Fed to reduce the interest rate. “There is no inflation, and the prices of gasoline, energy, groceries and virtually everything are down! The Fed has to lower interest rates, as they did to Europe and China,” the president said in Truth Social.
The White House chief also said he will remove sanctions against Syria. “I will order the end of sanctions against Syria to give them a chance of greatness,” Trump said in an investment forum in Riyadh. “It’s time to shine. We’re taking them all. […] Good luck, Syria, show us something very special. ”
The US imposed harsh sanctions on Syria during the government of Bashar al-Assad, and kept them even after the dictator’s fall after more than 13 years of war.
Check out the closing of New York Indexes:
- S&P 500: +0.72%, at 5,886.55 points;
- Dow Jones: -0.64%at 42,140.43 points;
- NASDAQ: +1.61%at 19,010.09 points.
Source: Moneytimes
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