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SÃO PAULO – Ibovespa gained strength in the final trading session on Wednesday (30) and rose more than 1% after Fomc announced the continuation of its interest in the United States and removed it from its reference to progressive rate increases in the future. The dollar also fell sharply, exacerbating losses after President Jerome Powell's collective.
The benchmark index of the Brazilian stock market closed up 1.42% to 96,996 points, with a financial volume reaching 18,620 billion rubles. The change in the Fed's position involves a relief from the economy and helps to energize the market, more after Powell claims that the argument in favor of a rise in interest rates is Is somewhat weakened.
Meanwhile, the future dollar with February fell 0.97% to R $ 3,685, while the trade dollar, which closed shortly before the Fed's announcement, was quoted at R $ 3.7246, which represents a slight increase of 0.06%
Abroad, the Fomc decision and the Powell collective also boosted the market, pushing the Dow Jones to exceed 25 000 points after two months with gains of 2% while the Nasdaq jumped 2.5%, also boosted by the corporate earnings season.
Contracts also fell on Wednesday, following the dollar. The contract maturing in January 2021 fell 6 basis points to 7.08%, while future interest rates for January 2023 fell 3 points to 8.26%.
In a unanimous decision, the Federal Open Market Committee (FOMC) maintained interest rates in the United States at 2.25% and 2.5% per annum. In its statement, the Federal Reserve Committee emphasized the patience with which interest rates were to be raised and indicated that future changes would be made in closer consideration of economic conditions. The monetary authorities also removed the reference to gradual increases in the document.
The decision was accompanied by a statement on the Fed's stock balance stating that members of the committee will adjust the rate of decline of the securities portfolio if conditions permit, which should be softer than before. . expected. Note that the balance sheet will remain "important" once the reduction of the Fed's balance sheet is complete.
In a move that has diverged from monetary policy in recent years, the Fed has dismissed the language that more interest rate hikes would probably be needed – "gradual increases" – and suggested a more cautious approach.
In addition, he helped maintain the gains of the Vale's rising equity index (VALE3), which surged after the company announced its decision to stop upstream dams – a type of structure who broke in Brumadinho and who was considered less important. This measure will cost about R $ 5 billion and will reduce the production of 40 million iron ore and 10 tonnes of company per year. As a result of this news, international iron ore prices climbed more than 10% after the announcement, the highest level in two years.
According to XP, the measure dispels the concern over the first uncertainty about production, but uncertainties remain as to the possibility of prosecution after the break-up of the Brumadinho Dam
.
% Year
The highest increases, among the stocks making up the Bovespa Index, were as follows:
| 1 | |||||
|---|---|---|---|---|---|
| VALE3 [19659019] VALE ON | 46.60 | +9.03 | -8.63 | 3,14B | |
| BRAP4 | BRADESPAR PN | 72 | +7.89 | ] -7.49 | 165.42M |
| MRFG3 | MARFRIG ON | 6.25 | +5.75 | +14.47. | 39.79M |
| KROTON ON | 11.94 | +5.38 | +34.61 | 149.58M | |
| ESTC3 | 32.50 | +4.87 | +36.78 | 102.40M |
The biggest victims The shares making up the Bovespa index were as follows:
| Code | Active | Cot R $ | % DAY | % Year [19659014] Vol 1 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| CCRO3 | ] CCR SA ON | 15.13 | -3.32 | +35.09 | 233.39M | |||||
| SBSP3 | SABESP ON | 43.01 | -3, | +36.54 | 150.25M | |||||
| SUZB3 | SUZANO PAPELON | 46.60 | -2.94 | +22.37 | 315.95M [196590249] ] ECOR3 | ECORODOVIAS ON | 11.66 | -2.83 | +24.31 | 32.28M |
| SANB11 | SANTANDER BRUNT | 47.90 Actions the most traded, including the Bovespa index, were as follows: [19659080] Code | Active | Cot | +15.27 | 260.94 M |
] 186.70M
BRASIL ON
* – Lot of Thousand Shares
1 – In reais ( K – Miles | M – Million |
United States stock indexes rise sharply with the FOMC decision and also reflect companies b [19659148]. B – BILLION) – BILLION Apple's shares surged after the company announced that despite declining iPhone sales, sales of other products such as IPad and Apple Watch had increased. Boeing data also inspires investors.
European stock markets closed higher, pending the meeting between US and Chinese government officials to discuss the trade war between the two countries. Chinese Vice Premier Liu He arrives in Washington today for the first of two days of meetings with US officials.
US Treasury Secretary Steven Mnuchin said yesterday that he expects significant progress, but sources say the two sides remain distant on key issues.
Asian stock markets ended without any specific direction awaiting news. with the meeting between the representatives of China and the United States.
Oil prices rose amid concerns over Venezuela's offer following sanctions imposed by Donald Trump's government. Meanwhile, iron ore is experiencing another sharp rise, observing the effects of Vale's announcements on the supply of this product. The price climbed to nearly 10% after Goldman Sachs raised its price forecast to USD 80, with the potential for the product to be in excess of USD 100 in even more rigid production reduction scenarios.
After meeting with the Ministers of Mines and Energy, Bento Albuquerque and Environment, Ricardos Salles, Vale's president, Fabio Schvartsman, announced last night that the company [seterminerawithdixbarragescommittedtoBrumadinhoSelectedbarrageswillbedisbadociated[19659004Decommissioningconsistsofpreparingthedamforitsintegrationintonature"Thecompanydecidedtonolongerbeabletolivewiththistypeofdamandwemadethedecisiontostopalltheroadblocks"saidtheexecutiveFolhadeSPaulopointsoutthatone-thirdofVale'sdamshavepotentialdamagesimilartothatofBrumadinho
The dam decommissioning project is ready and will be presented to federal agencies and states in 45 days. According to Schvartsman, the turnaround time for actions is at least one year and not more than three years and Vale estimates that approximately R5 billion will be invested in the implementation of the project. plan.
The measure will reduce production by $ 40 million. iron ore and 10 tons of pellets a year, accounting for 10% of the company 's output a year.
At the request of the minor, some members of the government began to adopt a much softer tone after threats of dome The Minister of Infrastructure, Tarcisio Gomes de Freitas, warned against a "hunt for witches "and simplistic approaches to disasters, stressing that any decision should be taken after the situation has calmed down.
Onyx Lorenzoni, Minister of the Civil House, declared that "the privileged action did not allow interference in the management of Vale", recalling that it was a question of A decision of the board of directors. He also added: "There is no intervention requirement, not because it would not be a desired signaling for the market."
Political News
President Jair Bolsonaro resumes his presidential duties at 7 am on Wednesday. The spokesman of the Plbadto Palace, Otávio Rêgo Barros, was originally scheduled to return to work between 9:00 and 10:00. The Institutional Security Bureau (GSI) has installed a device inside the hospital equipped with equipment and technical equipment.
