Ibovespa opens falling, despite advances by Vale (VALE3) and Petrobras (PETR4); 3R Petroleum (RRRP3) soars with merger and dollar retreats

O Ibovespa opened this Tuesday’s session (02) with a fall, and at around 10:20 am, the index fell 0.14%, to 126,808 points.

O Petroleum has rises of more than 1% this morning, while the Petrobras follows the positive bias: Petrobras ON (PETR3), +0.75% at R$38.85 and Petrobras PN (PETR4), +0.58% at R$37.87.

O iron ore rose sharply this morning in Dalian, China, while the OK (VALE3) advances 0.39% to R$61.45.

The biggest increase in Ibov is from 3R Petroleum (RRRP3), +5.17% at R$34.81, reflecting the possible merger with Enauta (ENAT3). Lojas Renner (LREN3), +2.85% at R$17.31 and Prio (PRIO3), +1.43% at R$49.08, complete the top-3.

PetroReconcavo (RECV3) leads the losses of the Bovespa index with -6.74% at R$21.60, followed by Ultrapar (UGPA3), -3.02% at R$27.28 and CSN (CSNA3), -2.54% at R$15.32.

On investors’ radar

On a day with an empty agenda, the market is waiting for North American data that could give more signals about the conduct of monetary policy by the Federal Reserve. This Tuesday, the JOLTs employment report will be released, but the most anticipated day is Friday, when the payroll report will be released.

Here, investors should keep an eye on the corporate news, which includes Vale and Petrobras. The mining company denied that it is surveying executives to take on the role of CEO, while the oil company is under scrutiny from the TCU, which pointed out robust irregularities in the contract with Unigel. Furthermore, on Monday (01), the Minister of Mines and Energy, Alexandre Silveira, said that the state-owned company cannot only generate profits to pay shareholders, once again turning on the warning signal for the issue of extraordinary dividends.

Biggest highs and lows of Ibovespa

Dollar exchange rate

A dollar exchange rate today there is a slight drop of 0.11% to R$ 5.0494.

O Dolar today operates against the yield of treasuries, which increased by around six basis points this morning.

Asian stock exchanges close mixed, with emphasis on Xiaomi

Asian stock markets closed without a single direction this Tuesday (02), with gains led by Hong Kong amid enthusiasm over Xiaomi’s debut in the electric vehicle market.

Returning from the Easter holiday, the Hang Seng index rose 2.36% in Hong Kong today to 16,931.52 points, as Xiaomi’s share jumped 8.97% after the Chinese mobile and electronics company launched its first electric car last week.

Elsewhere in Asia, Japan’s Nikkei rose marginally 0.09% in Tokyo to 39,838.91 and South Korea’s Kospi rose 0.19% in Seoul to 2,753.16, with both indices supported by shares linked to chips. Taiex registered a gain of 1.21% in Taiwan, at 20,466.57 points.

On the other hand, markets in mainland China were in the red, interrupting a sequence of three positive trading sessions. The Shanghai Composite showed a slight drop of 0.08%, to 3,074.96 points, and the less comprehensive Shenzhen Composite fell 0.53%, to 1,779.69 points. Technology and real estate stocks weighed on business.

In Oceania, the Australian stock market also showed a negative performance when resuming business after the Easter holiday. The S&P/ASX 200 fell 0.11% in Sydney, to 7,887.90 points, amid doubts about when the local central bank will be able to start reducing interest rates, after reaching an all-time high in the previous session, the last of the first quarter.