Ibovespa falls with NY’s fall; Vale (VALE3) retreats sharply after the balance sheet, Cogna (COGN3) jumps 8%, Azul (AZUL4) leads losses and the dollar advances

O Ibovespa opened this Thursday’s session (25) with a fall, and at around 11:45 am, the index fell 0.48%, to 124,123 points.

O Ibovespa today is negatively impacted by macroeconomic data released this morning in the United States. North American GDP rose 1.60% in the first quarter, compared to a consensus of 2.50% and an increase of 3.40% in 4Q23. Furthermore, the preview of the PCE, the consumer spending price index, registered an increase of 3.40% in 1Q24, an acceleration compared to the data for 4Q23, which was 1.80%.

A OK (VALE3) also weighs on the Ibov todaywith a drop of 2.36% to R$62.08, after reporting a decline in profit in 1Q24, according to the balance sheet released last night.

O Petroleum operates at a low this Thursday, while the Petrobras presents slight increases: Petrobras ON (PETR3), +0.35% to R$43.43 and Petrobras PN (PETR4), +0.07% to R$41.26.

The biggest increase in Ibov is from Cogna (COGN3), with +8% at R$2.16. Petz (PETZ3), +3.43% at R$4.82 and Ultrapar (UGPA3), +1.84% at R$26.09, complete the top-3.

At the negative end of the Bovespa indexAzul (AZUL4) leads the losses with -5.21% at R$ 9.10, followed by Magazine Luiza (MGLU3), -3.50% at R$ 1.38 and PetroReconcavo (RECV3), -3.09 % at R$21.35.

Market in NY

To the New York stock exchanges operate in a sharp decline this Thursday, reflecting the economic data released this morning.

Check the performance of market in NY around 11:45 am:

Dow Jones: -1.79% at 37,774 points
S&P500: -1.45% to 4,998 points
Nasdaq: -1.86% at 15,419 points

Biggest highs and lows of Ibovespa

Dollar exchange rate

A dollar exchange rate today advances 0.46% to R$5.1692.

O Dolar today follows the rise in treasuries in the United States, which reflects the Federal Reserve’s chance to further postpone the start of interest cuts there.

Asian stock markets are cautious ahead of interest rate decision in Japan

Asian stock exchanges closed without a single direction this Thursday (25), with some of them taking profits after recent gains and in a cautious mood ahead of the Bank of Japan’s (BoJ) monetary policy announcement.

Leading losses in Asia today, the Japanese Nikkei index fell 2.16% in Tokyo, to 37,628.48 points, as investors await the BoJ’s interest rate decision, which will be announced between today and Friday (26). Last month, the Japanese central bank raised interest rates for the first time in 17 years, but signaled that it was in no rush to tighten its monetary policy further. Since then, the yen has been renewing lows in more than three decades against the dollar.

Elsewhere in the Asian region, the Kospi fell 1.76% in Seoul to 2,628.62 points, although South Korea’s gross domestic product (GDP) exceeded expectations in the first quarter. The Taiex registered a loss of 1.36% in Taiwan, at 19,857.42 points, while the Hang Seng rose 0.48% in Hong Kong, at 17,284.54 points.

In mainland China, markets made modest gains, supported by good performance in automaker and bank stocks. The Shanghai Composite rose 0.27% to 3,052.90 points, and the less comprehensive Shenzhen Composite advanced 0.21% to 1,698.34 points.

In Oceania, the Australian stock exchange did not operate today due to a national holiday.

*With information from Dow Jones Newswires and Estadão Conteúdo