Bloomberg Línea — O Ibovespa (IBOV) closed this Wednesday’s trading session (3) down 0.18%, at 127,318 points, while the New York indices closed mixed. The main Brazilian stock market index recovered throughout the day and turned positive, but ended the day in decline, affected by Vale (VALE3).
O dollar (USDBRL) fell 0.35%, trading at R$5.04 at the close.
With the drop in iron ore in China, Vale fell 1.44%. Petrobras (PETR3; PETR4) fell 0.52%.
Furthermore, JBS (JBSS3) rose 0.62%, Itaú Unibanco (ITUB4) fell 0.75% and Bradesco (BBDC4) saw a gain of 1.97%.
In the United States, the bond market recovered from session lows after Jerome Powell reiterated the Federal Reserve’s “wait and see” approach before monetary policymakers decide to embark on an interest rate cutting cycle.
Although the Fed chief did not present any major news, Wall Street took some relief, with the view that recent inflation readings did not “materially” change the overall picture. Powell also reaffirmed that it will likely be appropriate to begin cutting rates “at some point this year.”
Yields on 10-year Treasury bonds were little changed at 4.35%, after rising about eight basis points in the previous session. The S&P 500 ended with a 0.1% gain.
Intel (INTC) fell more than 8% amid a disappointing outlook for its manufacturing operations. Disney fell more than 3% after shareholders rejected investor Nelson Peltz’s bid for a board seat.
– With information from Bloomberg News.
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Tags: Ibovespa closes decline Petrobras Vale dollar falls ..
