Stock market today (29) remains stable and dollar falls with foreign exchange

The stock market is currently rising and the dollar is falling with investors keeping an eye on events abroad, especially in China and the United States, with the Fed’s decision on interest rates due this week. At the local level, attention focused on economic indicators and political decisions.

Thus, around 10:25 am this Monday (29), the Ibovespa rose discreetly: +0.09%, to 126,639.13 points, slightly reducing the gains at the beginning of the trading session, when it reached close to 127 thousand points.

Dolar today

The foreign exchange market is trying to sustain the good mood of Friday the 26th.

The dollar returns to a slight decline in the first deals this Monday (29) due to a moderate appetite for risky assets in New York, where Treasury yields are relieved, as is the American currency, which is yielding against rival pairs. and several emerging and commodity-linked currencies.

At the time mentioned, the spot dollar fell 0.20%, to R$5.1048.

Abroad, the DXY, the global currency index, fell 0.14%, to 105.79 points.

Today is the day before the last Ptax rate for April is set, and the rollover of futures contracts can already make the foreign exchange market more unstable, especially in the afternoon.

Abroad should impact Ibovespa

Thus, in a week with an interest rate decision by the Federal Reserve (Fed, the American central bank), on Wednesday, and releases of indicators for the United States labor market, mainly the payroll report, investors are reflecting the news that Chengdu , capital of the Chinese province of Sichuan, has eliminated restrictions on home purchases.

However, weak data on Chinese industrial profit, which suffered an annual drop of 3.5% in March, limits a recovery in emerging currencies.

This includes the real, as well as the falls in oil and 0.51% in iron ore in the Chinese market.

IGP and the impact on the stock market today

Here, the General Price Index – Market (IGP-M) rose 0.31% in April, after falling 0.47% in March, and surpassed the ceiling of estimates collected by the Broadcast Projectionsof 0.26%, which could have some negative impact on the stock market today.

The market median indicated an increase of 0.12% for the index.

With this result, the IGP-M accumulated a drop of 3.04% in the last 12 months.

The Services Confidence Index (ICS) fell 1.0 points from March to April, in the seasonally adjusted series, to 94.8 points, FGV reported.

In quarterly moving averages, the ICS fell 0.3 points.

Other events of the day

Also expected this Monday are data from the central government (10:30 am), a lecture by the president of the Central Bank, Roberto Campos Neto, and the Petrobras production and sales report for the first quarter, both after the markets close.

Exoneration and Perse

Attention remains on the judgment in the Federal Supreme Court (STF) on the payroll tax exemption and on the processing of regulatory measures for tax reform in the Chamber, among others, such as Perse, in the Senate.

On Friday night, the Senate filed an appeal with the STF against the decision of Minister Cristiano Zanin, who responded to the government and suspended the payroll tax exemption for companies and city halls.

In the appeal, Senate lawyers initially claim that Zanin’s monocratic decision, submitted to the plenary, does not comply with legal precepts and did not even listen to Congress and the Attorney General’s Office (PGR).

The rapporteur in the Senate of the bill that reformulates Perse, Daniella Ribeiro (PSD-PB), will include the correction for inflation in the cost of R$15 billion in benefits until the end of 2026.

The change in the text, anticipated by the senator to the Political Broadcastshould increase the fiscal impact of tax incentives, in a setback for the Minister of Finance, Fernando Haddad.

With information from Estadão Content