Ibovespa falls against the trend abroad, with Vale (VALE3) falling

O Ibovespa opened this Wednesday’s session (03) with a fall, and around noon, the index fell 0.85%, to 126,447 points.

In yesterday’s session, the Ibov managed to close on a high, contrary to the Wall Street stock exchanges, which had a sharp drop. Today, the movement is the opposite: the Bovespa Index falls sharply, while the market in the United States has a slight upward correction.

Attention today is focused on statements by Federal Reserve President Jerome Powell. Furthermore, abroad continues to wait for the release of the payroll employment report, which will be released on Friday.

Here, the dollar is also in focus, as the currency is expected to 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.

O Petroleum has increases close to 1%, but the Petrobras operates in the negative: Petrobras ON (PETR3), -0.73% at R$39.92 and Petrobras PN (PETR4), -0.49% at R$38.43.

Already the iron ore closed down 2.54% this morning in Dalian, China. With this, the OK (VALE3) has a strong drop of 1.76% to R$60.85.

The biggest rise in Ibovespa is PetroReconcavo (RECV3), +4.70% to R$22.06. 3R Petroleum (RRRP3), +1.41% at R$33.81 and CPFL (CPFLE3), +1.17% at R$35.40, appear next.

On the negative side, Grupo Soma (SOMA3), -5.38% at R$7.04 and Arezzo (ARZZ3), -5% at R$59.49 lead the losses, and Cogna (COGN3), -4.26 % at R$2.24, completes the list of worst performers.

Market in NY

To the New York stock exchanges they operate at an increase this Wednesday, in a correction movement following the strong falls of the day before.

Check the performance of market in NY around noon:

• Dow Jones: +0.26% to 39,270 points
• S&P500: +0.39% to 5,226 points
• Nasdaq: +0.55% at 16,330 points

Biggest highs and lows of Ibovespa

Dollar exchange rate

A dollar exchange rate today rises 0.41% to R$5.0791.

O Dolar today follows the rise in treasuries in the United States and the climate of caution abroad.

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.