Ibovespa rises 0.44% and returns to 127 thousand points with Petrobras and Vale; dollar remains stable

The stock exchange closed up 0.44%, at 127,548.52 points this Tuesday (02/04), contrary to the main Western indices, with the large companies on the exchange in volume of shares traded boosting the gains. For now, it has reversed part of the previous day’s fall, when the main stock market index fell 0.87%.

In this sense, at closing Vale (VALE3) rose 1.18% and Petrobras advanced 2.58% (PETR4) and 2.72% (PETR3). The Midlarge index, which covers some companies with large volumes, rose 0.55%, the biggest gain among sectoral indices.

Dollar

At the same time, the dollar closed stable, with a slight drop against the real, after robust gains in the previous session.

Thus, at closing, the US currency fell 0.02%, to R$5.0583.

On the other hand, on the global stage, the dollar fell.

The DXY, which measures the performance of the United States currency in relation to other major currencies, depreciated 0.19%, to 104.81 points.

Stocks on the rise

See the stocks that led the gains on the stock market.

Agrogalaxy (AGXY3) +12.00%
Being Educational (SEER3) +6.56%
I got sick (ENJU3) +4.95%
Tenda (TEND3) +4.86%
Lojas Renner (LREN3) +3.98%

Stocks down

Also check out the stocks that had the biggest losses of the day.

Sequoia (SEQL3) -12.82%
Enauta (ENAT3) -10.40%
PetroReconcavo (RECV3) -8.64%
Oncoclinics (ONCO3) -4.93%
Infracommerce (IFCM3) -4.40%

The rankings include shares with a volume above R$1 million, whether or not they are included in the Ibovespa and other indices. The prices were determined between 5:07 pm and 5:11 pm.

Ibovespa and NY in opposite directions

The behavior of interest rates on American treasuries, at the highest levels of the year, pushed risk assets down in the developed world at the beginning of the sessions.

Furthermore, the market evaluated the opening of jobs in the United States, which increased from 8.748 million in January (data revised this Tuesday, from 8.863 million previously released) to 8.756 million in February, reported the Department of Labor.

Analysts interviewed by FactSet predicted 8.770 million.

The numbers corroborate the assessment of Fed officials that the largest economy on the planet remains strong, in a situation that reduces the urgency of starting the relaxation cycle.

The president of the North American BC district in Cleveland, Loretta Mester, warned this Tuesday of the risk associated with premature loosening. The leader of the San Francisco region, Mary Daly, said she agreed with the forecast of three cuts this year.

Thus, investors adopted a defensive posture that spread sell orders across Wall Street.

In that sense, in New York. Dow Jones ended the session down 1.00%, at 39,170.24 points. S&P 500 dropped 0.72%, to 5,205.81 points. Nasdaq lost 0.95%, at 16,240.45 points.

Europe

The main European stock markets closed lower, reversing the gains seen at the beginning of trading, on the return of the long Easter holiday.

The DAX fell 1.13%, to 18,283.13 points. The Frankfurt index was one of the most under pressure, without the sharper-than-expected slowdown in inflation in Germany being enough to contain a correction after successive records.

In London, the FTSE 100 index closed with a change of -0.22%, at 7,935.09 points. The CAC 40, in Paris, registered a drop of 0.92%, at 8,130.05 points.

In Milan, the FTSE Mib dropped 1.22%, to 34,325.23 points. The Ibex 35 registered a decline of 0.89%, at 10,975.60 points, in Madrid. On the other hand, the PSI 20, in Lisbon, rose 0.43%, to 6,307.21 points

Stock market movements today
The main cause of the stock market’s fall at the beginning of the session was the rise in the 10-year treasury, according to Paulo Gala, chief economist at Master bank. Interest on the main public debt security in the United States rose to 4.30% in the previous session, well above the low of 3.80% recorded at the beginning of the year.

“With this, the market starts to push the interest rate cut for July”, assesses Gala.

Furthermore, oil reached its highest levels of the year and also began to worry the market about the possible return of inflationary pressure.

In this sense, Brent oil rose 1.53%. Furthermore, iron ore advanced 0.49%. With this positively impacting the performance of Vale, Petrobras and other mineral commodities companies, the performance of the Brazilian stock exchange began to operate higher during the afternoon, closing in the positive field.

Stock market movements

The main cause of the stock market’s fall at the beginning of the session was the rise in the 10-year treasury, according to Paulo Gala, chief economist at Master bank.

Interest rates on the United States’ main public debt security rose to 4.30% in the previous session, well above the low of 3.80% recorded at the beginning of the year.

“With this, the market starts to push the interest rate cut for July”, assesses Gala.

Furthermore, oil reached its highest levels of the year and also began to worry the market about the possible return of inflationary pressure.

Exchange in focus

In the previous trading session, the dollar appreciated with oil at US$85 and 10-year treasuries at year highs.

In addition, R$3.8 billion in NTNs indexed to the exchange rate matured in mid-April.

“It is an important event because it puts pressure on demand, especially from those who want to replace this hedge”, explains the Master economist.

Another highlight of the day in relation to the dollar is the announcement made by the Central Bank of the extraordinary auction of US$ 1 billion.

The swap for the future sale of dollars “aims to alleviate this hiccup” of the US currency a little, says Gala. As a result, the dollar ended up stable.

*With information from Estadão Conteúdo and Dow Jones Newswires