This Tuesday (02), European stock markets and US futures operate close to stability, while treasury yields rise again. The 10-year yield advances to 4.349%. The expectation of a rate cut by the Federal Reserve (Fed) in June fell below 50% after the US ISM, according to data from Bloomberg.
- S&P 500 Future: -0.2%
- STOXX 600: +0.1%
- FTSE 100: +0.3%
- Nikkei 225: +0.1%
- Hang Seng: +2.4%
- Shanghai SE Comp.: -0.1%
- MSCI EM: +0.7%
The dollar index remains stable. WTI oil rose 2% to US$85.41 a barrel, while ore futures in Singapore advanced 0.2% to US$101.55.
Economic agenda
In the US, the February Jolts report stands out at 11am, and statements from Fed members from 1pm, such as John Williams, Loretta Mester and Mary Daly. Powell will speak tomorrow and payroll on Friday are also on the radar.
In the euro zone, the PMI fell to 46.1 in March, while in the United Kingdom, the manufacturing PMI rose to 50.3.
Brazilian market
Today, at 12:30 pm, the Central Bank will hold an extraordinary auction of 20,000 foreign exchange swap contracts, equivalent to US$1 billion. The dollar rose 0.9% yesterday, to R$5,059, and the Ibovespa fell 0.9%, to 126,990 points, with external pressure following the spike in treasury yields.
The Central Bank will inform the Focus Bulletin and note on monetary policy and credit operations for February in the morning. IBGE will release the producer price index for February, and the Treasury will hold an auction for NTN-Bs and LFTs.
Featured companies
- Enauta proposed a merger with 3R Petroleum, according to a statement. 3R confirmed that it received the proposal and suspended negotiations with PetroRecôncavo for evaluation.
- Vale reiterated, in a statement, that the choice of the new president follows the governance processes and that there is still no definition on the matter.
- Americanas initiated an offer to buy senior 2030 notes.
- Sequoia will submit the reverse split of shares for approval by shareholders at a meeting in a proportion of 20 to one.
Analysis and perspectives
International markets oscillate between stability and caution, reflecting uncertainty regarding the direction of monetary policies, especially in the USA. On the national scene, attention is focused on the Central Bank auction and the movements of companies in search of strategic opportunities.
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