Ibovespa retreats with Vale and Petrobras on a low day for commodities; dollar rises

Bloomberg Línea — O Ibovespa (IBOV) retreats this Wednesday (27), in a falling session for commodities such as iron ore and oil.

At around 11 am (Brasília time), the main index of the Brazilian stock exchange fell 0.45% to 126,295 points. The dollar, in turn, was traded at R$4.99, up 0.15%.

The week promises to be one of less liquidity amid the Good Friday holiday (on the 29th), when stock exchanges will be closed around the world. Even greater pressure is expected in the coming days as managers readjust their portfolios at the end of another favorable quarter for stocks.

At the domestic level, emphasis is placed on the General Market Price Index (IGP-M), considering rent inflation, which fell 0.47% in March. This was the second monthly deflation in a row, after a 0.52% drop in February.

Yesterday, the Copom minutes fueled caution by reinforcing Committee members’ concerns about the impact of the heated labor market on services inflation.

Today, the attention falls on the lecture by Gabriel Galípolo, director of monetary policy at the BC, at 5:30 pm.

Abroad, stock markets rose on Wall Street after three consecutive days of decline for stock indices. The S&P 500 was up 0.56%, while the Nasdaq, with heavy exposure to the technology sector, was up 0.33% at the same time.

Investors continue to look for more evidence to justify the stock market rally at the beginning of the year. On Friday, the February PCE, an indicator of US inflation widely tracked by the Federal Reserve, will be revealed.

The most traded shares this morning were:

Performance

In yesterday’s trading session (26), the Ibovespa closed in the red, with a drop of 0.05%, at 126,863 points. The trading volume was R$943,574,900.

The shares with the biggest increases were: São Martinho (SMTO3), with +4.13%; Localiza (RENT3), with +2.72%; Pão de Açúcar (PCAR3), with +2.33%.

The biggest decliners were: Totvs (TOTS3), with -5.79%; Magazine Luiza (MGLU3), with -6.81%; Minerva (BEEF3), with -8.73%.

During the year, the Ibovespa accumulated a drop of 5.51% until the previous trading session.

— Content created with the help of automated data from Bloomberg.