Ibovespa loses strength with Wall Street, but eyeing the FOMC and losing 7% of oil

SÃO PAULO – Ibovespa lost strength during the last part of the trading session on Tuesday (18), pulled by the downward reversal of US indices, but managed to close in the positive direction. On the radar, the market waits at the meeting of the Federal Open Market Committee (FOMC) next Wednesday, in addition to the oil collapse, which collapsed by 7% and resulted in Petrobras shares (PETR4).

the benchmark index closed up 0.24% to 86 610 points, reaching 1.01% at the height of the day. The financial volume, in turn, was 12,075 billion rand. Meanwhile, the commercial dollar was up 0.18%, or R $ 3.9013 on the sale.

Despite the gains, the Fed fears to continue its policy of raising interest rates. a scenario of economic slowdown that put pressure on the markets during the last session remains on the radar and shakes even the European markets as well as the Asian markets, which corresponded to the trough of the last session on Wall Street.

In this scenario, investors turn their eyes. For Wednesday's FOMC: Despite an interest rate hike of 0.25 percentage points at this meeting, the Fed, under pressure from President Donald Trump, is expected to signal a pause or slowdown in 2019

Yesterday, Trump said that it was "unbelievable" that the Fed is considering a further increase in interest rates at a time when "the dollar is strong and virtually no inflation" .

On the commodities market, oil collapsed by about 7%, reaching its lowest level in more than 15 months, while the United States and Russia record record levels of production , while badysts warn that signs of weak demand are appearing.

Become a partner of the largest companies in the stock market with ZERO RATE brokerage! Click here and open a Clear account! Highlighted in the Brazilian economic agenda, the minutes of the last Copom meeting have repercussions on the main future interest contracts, which show a slight increase after the Committee's document.

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However, the movement does not return the fall observed after the announcement of the meeting, considered as" dovish "(sweet) and the market prospect follows the retention of the Selic for the The contract maturing in January 2021 was up 4 basis points to 7.51%, while the January 2023 term was up 7 basis points to 8.86%.

"In light of the baseline scenario we are working on, with no new shocks altering the projected inflation risk balance, and according to Copom's guidance, we believe that the Selic will remain stable throughout the first half of 2019, with Progressive rate increases from the second half, reaching 7.25% by the end of next year, "says Bradesco's economic team.

Highs and lows

In the middle of the brutal downfall oil, Petrobras stocks were the largest A culminating point of the day's crash, while the bottom of the commodity has boosted Gol's badets, as this downward trend is helping to reduce air operating costs.

Estácio, in turn, became strong

The largest increases, among the shares composing the Bovespa index, were recorded in the first half of the year. :

Among the articles making Part of the Bovespa Index, the heaviest losses were as follows:

The most traded stocks, among which the Bovespa index, are the following:

Code	Active	Cot R $	PETROBRAS PN N2	22.00	-3.80
		VALE3	VALE ON	51.44	+0.37	929.41M	1.11 B	40.212
1965 19659101] ITAUUNIBANCOPN EJ	35.12	+1.62		508.12M	615.52M	33,832
BBAS3 [19659108] BBAS3	BRASIL ON 80	+0.23 [19659101] 353.68M	4 63.48M	20.963
BBDC4	BRADESCO PN	38.35	+1.86	351.93M	520, 50M	20,765	B3SA3	B3 ON	26.65	-0.56	238.36M	244.98M	20651 [1965911] ABEV3	AMBEV S / A ON	15.88	-1.37	222.59M	302.60M	17.109
PETR3	PETROBRAS ON N2	25.17	-3.38		221.92M	324.84M [19659095] 13.627
KROT3	KROTON ON	9.10	] -0.22	215.77M	126.88M	26,371 [19659992] ITSA4 [19659999] ITAUSA PN EJ	] 11.90	.0.90	. – [1] – M – Millions | B – Billions) IBOVESPA Reforms of the new government under a magnifying glbad News on pension reform are on the radar of the markets at the end of this year . The Speaker of the Chamber of Deputies, Rodrigo Maia (DEM-RJ), argued that the future government of Jair Bolsonaro is carrying out the reform of social security at once, and not "by slices" by sectors, in order to avoid losing your political capital without completing the vote. The strategy championed by Maia goes against what Bolsonaro said two weeks ago. It is worth mentioning that yesterday, the future Minister of the Economy, Paulo Guedes, once again defended the capitalization system as being the best social security system, but admitted that it was not the only one. it is no longer possible to make a transition that includes all workers. The solution is to reform the current distribution system, "genetically condemned", leaving the capitalization system for future generations. Meanwhile, a study by Ipea researchers, among which Adolfo Sachsida and Alexander Ywata, who now composes the Bolsonaro team, proposes changes in corporate taxation. , especially by proposing the end of Simples, as Folha points out. Become a partner of the largest companies in the stock market with ZERO RATE brokerage! In addition to concerns raised by Fomc, Asian stock markets and most metals are retreating after the Chinese president's speech has not promised to open. Asian Stocks or stimulate the world's second-largest economy, which is facing signs of slowing down in the middle of a trade war. In a speech on the occasion of the 40th anniversary of China's economic reforms, Xi Jinping said on Tuesday that the country would maintain its current path of reform and "never seek hegemony" in an attempt to minimize concerns about its excessive economic influence. Xi also expressed support for the multilateral trading system, but made no direct reference to current trade tensions between Beijing and Washington. In a provocative tone, Xi said that "no one is able to dictate to the Chinese people what should or should not be done". [ad_2] Source link Share Facebook Twitter LinkedIn Pinterest Related Articles Felipe Pires is pleased with his performances: "My best match so far" – Sports The dollar has a fourth trading session followed by a high and close at R $ 3.76 Diego says Rodrigo thinks he's always right: "And we're stupid" | bbb house Build your strategy! Final Blade is launched around the world with temporary events André Ceciliano exonerates adviser who handled about R $ 26 million according to Coaf | New Orleans hotels Bolsonaro in Mourão: "Do you want to kill me?" Powered by https://naaju.com/brazil | Designed by Naaju © Copyright 2024, All Rights Reserved