The Brazilian stock market reference index, Ibovespa, closed Tuesday (23), with a decline of 0.34%, to 125,148.07, but far from the lows of the day, with Itaú Unibanco among the main positive supports.
Already OK It is steel mills exerted negative pressure, as well as Usiminas which fell by around 14%, also affected by the company’s short-term prospects.
The financial volume totaled R$21.2 billion.
The Brazilian trading session also benefited from the positive bias in North American stock markets and discreet variations in the yields on United States Treasury bonds, following data showing a slowdown in the growth of business activity in the largest economy in the world.
The person responsible for the variable income area of the financial group with a focus on the private Criteria segment, Thiago Pedroso, highlighted that a scenario of slowdown in the North American economy leaves room for the Federal Reserve to once again talk about a possible interest rate cut.
In New York, the S&P 500, one of the benchmarks of the North American stock market, rose 1.19%, while the 10-year Treasury yield was 4.6% in the late afternoon.c
In the view of partner and specialist at Blue3 Investimentos Victor Hugo Israel, data such as those released in this session create hope that the start of interest cuts in the largest economy in the world will occur sooner than the market prices today.
He, however, does not rule out that it is a technical rebound from Wall Street after stronger recent falls, since the market is also in a waiting mood for the price index on consumption expenditures (PCE) of North Americans of April, on Friday, inflation data closely observed by the Fed.
According to CM Capital analyst Alex Carvalho, data in the US helped to offset the more negative opening on the São Paulo stock exchange, following changes in projections for Selic, among other indicators, such as exchange rate and inflation, in the Focus survey released by the Bank. Central before the market opens.
According to the survey, economists in the market now see the Selic at 9.50% at the end of this year, from 9.13% previously. For 2025, the median projections rose to 9% from 8.50%.
Dollar
This Tuesday, the spot dollar registered the third consecutive session of decline against the real, falling 0.80%, trading at R$ 5.12, in another day of price adjustments after the spike in previous weeks, in movement favored by the fall of the US currency abroad.
In April, the US currency still accumulated an increase of 2.25%.
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