Ibovespa falls, with Vale (VALE3) and Petrobras (PETR4) in the negative

O Ibovespa opened this Wednesday’s session (03) with a fall, and at around 10:20 am, the index fell 0.21%, to 127,284 points.

O Petroleum has rises above 0.50% this morning, while the Petrobras operates in the negative: Petrobras ON (PETR3), -0.30% at R$39.49 and Petrobras PN (PETR4), -0.16% at R$38.56.

Already the iron ore closed down 2.54% this morning in Dalian, China. With this, the OK (VALE3) also falls: -0.73% to R$61.49.

The biggest increase in Ibov is from PetroReconcavo (RECV3), +3.04% at R$21.71, followed by 3R Petroleum (RRRP3), +2.16% at R$34.06 and Petz (PETZ3), +1.72% at R$ 4.15.

On the negative side, Arezzo (ARZZ3) leads the losses with -3.48% at R$60.48. Grupo Soma (SOMA3), -3.23% at R$7.20 and MRV (MRVE3), -2.36% at R$7.46, appear next.

On investors’ radar

You wall street indices suffered sharp falls yesterday (02), amid fears that the beginning of the monetary relaxation cycle there may be further away than imagined. As a result, attention today is focused on statements by Federal Reserve President Jerome Powell. Furthermore, markets there continue to await the release of the payroll employment report, which will be released on Friday.

Here, the dollar should also be in focus, as the currency should move in light of fluctuating risk perception in the United States. More than that, investors are trying to unravel the trajectory of the currency, which closed stable the day before, despite the intervention of the Central Bank, which sold all 20 thousand exchange rate swap contracts that it made available to the market.

Returning to the international scene, Asia is a cause for concern, after the 7.5 magnitude earthquake that hit Taiwan. With the disaster, Taiwan Semiconductor Manufacturing, the world’s largest chipmaker, evacuated some factory areas, raising the alarm for the technology signal. Meanwhile, oil continues to rise, reflecting fears about a possible escalation in the Middle East conflict.

Biggest highs and lows of Ibovespa

Dollar exchange rate

A dollar exchange rate today advances 0.44% to R$5,080.

O Dolar today follows the rise in treasuries, amid risk aversion in the United States.

Asian stocks close lower

Asian stock markets closed lower this Wednesday (03), following the behavior of Wall Street, which yesterday had its worst daily performance in weeks with concerns regarding the trajectory of basic interest rates in the USA.

The Japanese Nikkei index fell 0.97% in Tokyo, to 39,451.85 points, while the Hang Seng index fell 1.22% in Hong Kong, to 16,725.10 points, the South Korean Kospi fell 1.68% in Seoul, at 2,706.97 points, and Taiex lost 0.63% in Taiwan, at 20,337.60 points, after a serious earthquake hit the island.

In mainland China, the Shanghai Composite dropped a modest 0.18%, to 3,069.30 points, and the less comprehensive Shenzhen Composite fell 0.66%, to 1,767.96 points.

The bad mood in the Asian region came after the New York stock exchanges suffered losses of up to 1% yesterday, in their worst trading session in several weeks, amid fears that the Federal Reserve (Fed, the US central bank) will be cautious and leave to start reducing interest only later on, perhaps in the second half of the year.

With the lack of appetite for risk, the S&P Global/Caixin survey that showed the Chinese services PMI rising to 52.7 in March, as predicted, took a backseat.

In Oceania, the Australian stock market was also in the red, also under the weight of Wall Street. The S&P/ASX 200 fell 1.34% in Sydney, to 7,782.50 points.

*With Dow Jones Newswires

Last closing of Ibovespa

O Ibovespa ended yesterday’s session (02) up 0.44%, at 127,548.52 points.