Ibovespa detached from Wall Street and fell more than 1% with new Trump rates on Brazilian products (Image: ISTOCK/HERNAN4429)
THE Ibovespa (Ibov) engaged the fourth consecutive session of losses with the “tariff” of the president of the United States, Donald Trump, to Brazil. Losses, however, were limited by the strong advance of OK (Voucher3) and the renewal of records of the Wall Street.
This Thursday (10), the main index of scholarship Brazilian ended the trading session with drop of 0.54%, at 136,743.26 points,
Already the dollar in sight (USBRL) ended the negotiations with R $ 5.5452, with a 0.78%increase.
In the domestic scenario, the market concentrated attention on the impacts of Trump’s “tariff” and the reactions of government authorities.
Yesterday (9), Donald Trump announced a 50% rate on Brazilian products – the largest rate among the 22 countries that participated in this second round of the “tariff”.
The White House head linked the decision to the treatment received by the former president Jair Bolsonaro, who is defendant of inquiry in the Federal Supreme Court (STF) on charges of planning a coup d’état.
In response on the same day, the president Luiz Inácio Lula da Silva He stated that Brazil is a sovereign country with independent institutions and “that it will not accept to be protected by anyone.” He also said that the commercial measure will be answered “in the light” of the economic reciprocity law.
The government’s position was reaffirmed on Thursday (10). In part of an interview published by Record’s portal R7, Lula reiterated that “if he [Trump] Charging 50% of us, we will charge 50% of it ”.
The economic data was in the background. The National Consumer Price Index (IPCA), that measures inflation Official of Brazilrose 0.24% in June – a slowdown compared to 0.26% up in May. The indicator came above market projections, which pointed to a 0.23%advance, according to the latest Focus report.
In the accumulated 12 months, inflation accumulates high of 5.35% – above the goal pursued by the Central bank3% with tolerance of 1.5 percentage point up or down.
High and Falls on Ibovespa
You heavyweights boosted the main index of the Brazilian scholarship, with emphasis on OK (Voucher3). Mining actions rose more than 2% in the wake of the strong appreciation of iron ore in China.
The most liquid contract of commodity He closed up 3.67%, at 763 yuans ($ 106.33) per ton in the Dalian stock exchange, amid the expectation of stimulus measures after China’s producers’ deflation has deepened in June, reaching its worst level in almost two years.
In addition, according to analysts, Brazilian mining and steel companies have a limited impact on Trump-announced tariffs and little exposure to the US market.
“The sector was already subject to 50%tariffs, so the new measure does not bring relevant changes. Brazilian exports to the US are mainly focused on plates, a product produced mostly by ArcelorMittal,” said BTG Pactual analysts led by Leonardo Correa.
The positive tip of Ibovespa, however, was led by Marfrig (MRFG3), in the movement of recovery and expectation of the Assembly with shareholders to approve the merger with BRF (BRFS3) scheduled for next week.
The negative tip was led by Embraer (EMBR3), considered the company most impacted by the 50% fare on the importation of Brazilian products in the US. THE BB UBS It estimates an impact of approximately $ 70 million on Embraer costs and a 13% impact on 2026 net profit for each 10% increase in tariffs.
The indices of Wall Street They closed highly discharged with new import tariff ads by President Donald Trump. So far, 22 countries have been subjected to new import rates, with Brazil with the highest rate of 50%.
Investors also priced a retreat in the measures announced in this second round of “tariff”, such as “Liberation Day” in August in a movement that was known as’ Taco Trade ”(an acronym of Trump Always Chicken Out).
S&P 500 and NASDAQ renewed nominal closing records with support from NVIDIA (NDVA) – which ended the session with market value of $ 4 trillion.
Check out the closure of the Wall Street rates:
- Dow Jones: +0.43%, at 44,650.54 points;
- S&P 500: +0.27%, at 6,280.46 points – at the highest historical nominal level;
- NASDAQ: +0.09%at 20.630.66 points – at the highest historical nominal level.
In Asiathe unique direction rates with US tariff policy on the radar. The index Nikkeifrom Japan, fell 0.44%. Hang SENG, from Hong Kongrose 0.57%.
In Europe, the markets ended without a single direction in the expectation of an agreement between European Union and the US. The Pan-European Index Stoxx 600 He closed this Thursday with a 0.54%increase at 552.93 points-I extend the sequence of advance for the fourth consecutive session.
Source: Moneytimes
I am an author and journalist with a focus on market news. I have worked for a global news website for the past two years, writing articles on a range of topics relating to the stock market. My work has been published in international publications and I have delivered talks at both academic institutions and business conferences around the world.
