Stock market opens higher with inflation data; VALE3 and PETR4 rise

The Ibovespa operates at a high in the first deals this Friday (26), with investors reflecting inflation data in Brazil and the PCE in the United States. The Ibov rises 0.71%, to 125,528.30 points. Shares of Vale (VALE3), Petrobras (PETR4), large banks, airlines, construction companies, education companies, meatpacking companies, junior oil companies, steel companies and retailers rise. The commercial dollar falls 0.71%, to R$5.12, while future interest rates (DIs) fall across the entire curve. The IPCA-15, a preview of the country’s official inflation, slowed again in April, to 0.21%, after the 0.36% variation observed in March. The LSEG consensus predicted a monthly increase of 0.3% and 2.6% on an annual basis. The president of the Central Bank, Roberto Campos Neto, is now giving a lecture at the Scenario and Perspectives for Brazil event, promoted by the Young Presidents’ Organization (YPO), in São Paulo. On Wall Street, futures indexes operate higher, after the March consumption deflator (PCE) – the Fed’s favorite inflation indicator for March, which came in line with expectations, rising 0.3%. According to the CME, the expectation of interest rate cuts in the US is that the cutting cycle will begin in September, with a 45% chance. (Felipe Alves)