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SÃO PAULO – After two days without negotiations due to the Christmas holidays, Ibovespa resumed its activities on Wednesday (26), reflecting the fall observed during the main world sessions during the last sessions, although on a softer tone. At 9:09, the benchmark was down 0.60% to 85,182 points, which had helped improve ADR performance last Monday on Wall Street.
At the same time, forward interest contracts due in January 2020 went from 2 basis points to 6.61%, while the effects maturing in January 2022 rose by 3 basis points, to 8%. , 13%. On the other hand, future dollar contracts maturing in January 2019 were traded with a positive change of 0.10% to R $ 3,906.
In this session, investors pay attention to the next steps of US monetary policy promoted by the Federal Reserve. , which signals a reduction in its balance sheet and is working with the possibility of two interest increases next year, as well as friction between President Donald Trump and the country's monetary authority.
Check out the highlights of the trading session:
Global Stock Exchanges
The market had its worst Christmas market day in history last Monday (24) in the United States and tainted the world's major stock markets as investors are concerned about the Federal Reserve's history of monetary policy and its clashes with President Donald Trump. The Dow Jones Industrial Average plunged 653 points on a volatile day, while the S & P 500 index lost 2.7% and entered the bear market technically – bear market, with a decline cumulative of at least 20%. compared to the recent highs.
The market movement occurred in response to Washington news over the weekend. Several reports announced that the President of the United States would discuss the opportunity to remove Jerome Powell from the presidency of the Fed. In response to rumors, the Treasury Secretary, Steven Mnuchin, has even made arrangements to telephone the United States. six largest banks in the country. during the weekend, to calm the moods. But Trump has resumed the attacks on Monday's monetary authority by Twitter.
With the market down, the 11 sectors represented in the S & P 500 now show sour losses in December in the fourth quarter of the year, quarter and year-to-date. In addition to Trump's frictions and uncertainties about British Columbia's institutional and autonomy levels, investors are also preparing for the next steps of the Fed, which promises to reduce its balance sheet and maintain two high interest rates on the radar. for the coming year, despite the toughest environment in the global economy.
On Wednesday, the weather is cautious, with a slight recovery for some of the world's leading stock indexes. This decision is not enough to make up for Christmas Eve's losses, but at least they put a temporary brake on the bearish tone of the markets.
ADR on vacation
The shares of major Brazilian companies traded on the US market had negative trading on Monday, following investors' bad mood in the midst of Donald Trump's attacks on the Federal Reserve. The Brazil Titans 20 Index, which includes 20 ADRs (American Depositary Receipt), lost 1.56% to 21,057 points, while the EWZ Index lost 1.37% to 36.63 USD. Shares of Vale Mining were one of the highlights of the session, closing down 2.33% to $ 12.60.
Economic program
data on weekly exchange rate and trade balance. In the United States, investors are expected to monitor the result of the October S & P / Case-Shiller housing price, which indicates the evolution of home prices in the country and provides relevant performance data. of the local real estate market.
Political News
] On the eve of the inauguration of President-elect Jair Bolsonaro, Brazil's optimism towards the economy beats records, according to Datafolha's research. According to the institute, 65% of respondents believe that the country's economic situation will improve in the coming months, compared with 23% in previous research.
Company Radar
At the news of the company, the suspension of the agreement between Embraer and Boeing was revoked for the second time by the Department of Justice. The group Pão de Açúcar indicates that it intends to sell its shares via Retail until the end of 2019 and that Eletrobras wishes to invest up to To R $ 30.2 billion between 2019 and 2023.
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