On the eve of the Federal Reserve’s interest rate decision and a holiday in Brazil, both this Wednesday, the dollar closed sharply, following the external gain of the American currency and Treasury yields. Meanwhile, the stock market closed down, at 125 thousand points, recording a monthly loss.
So, this Tuesday (30), the Ibovespa closed down 1.12%, 125,924 pointswhile in the month of April the index fell 1.70%.
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In March, the index had already closed down, at 128 thousand points, with losses of 4.5% in the first quarter of the year.
| Index | Variation of the day | Month variation | Year variation |
| IBOV | -1.12% | -1.70% | -5.10% |
| IDIV | -0.64% | -0.56% | -4.35% |
| IFIX | 0.20% | -0.77% | 2.12% |
| BDRX | 0.22% | 0.57% | 16.54% |
Dolar today
Simultaneously, the dollar closed the day up 1.52%, at R$ 5.1927. In April, the US currency appreciated 3.5%, the highest since August 2023.
The global index, DXY, pointed out that the dollar rose 0.66%, against a basket of important currencies, to 106.28 points.
Stocks trending on the stock market today
See the main highs of the day.
- Intelbras (INTB3) 16.79%
- Biomm (BIOM3) 13.62%
- Hi (OIBR3) 7.35%
- Santander (SANB4) 2.95%
- Santander (SANB3) 2.89%
Stocks down
Check out the main falls on the stock market today.
- Yduqs (YDUQ3) -4.95%
- Braskem (BRKM5) -4.92%
- Viveo (VVEO3) -4.91%
- Quero-Quero Stores (LJQQ3) -4.81%
- Azevedo and Travassos (AZEV4) -.472%
The prices were determined between 5:55 pm and 6:05 pm. The lists include shares that are or are not included in Ibovespa and other indices.
World Stock Exchanges: New York
The New York stock exchanges closed lower after a round of macroeconomic data from the United States postponed until November the expectation for the start of interest cuts by the Federal Reserve (Fed, the North American central bank), which publishes a monetary decision on Wednesday.
At closing, the Dow Jones index fell 1.49%, to 37,815.92 points; the S&P 500 fell 1.57%, to 5,035.69 points; and the Nasdaq depreciated 2.04%, to 15,657.82 points. During the month, the Dow Jones fell 5%, its worst monthly result since September 2022; the S&P 500 fell 4.17% and the Nasdaq 4.41%. All indices had their first monthly drop since October 2023.
In the S&P 500 sector division, technology had the worst monthly drop (-4.5%), according to MarketWatch.
Wall Street appears increasingly skeptical about the start of the Fed’s rate-cutting cycle this year. After a round of macroeconomic data, the market postponed the majority probability of a reduction in Fed funds from September (48.9%) to November (59.4%), according to a CME Group tool. The chance of maintaining interest rates until December also increased from 18.4% to 25%.
Europe
European stock markets closed lower this Tuesday in a cautious session due to the outlook for the stance of the main central banks. Indicators on the continent and in the United States were released in the morning, in a week that features a decision from the Federal Reserve (Fed, the North American central bank). Furthermore, a series of relevant balance sheets were presented to the public.
The pan-European Stoxx 600 index closed down 0.65%, at 505.03 points. In Frankfurt, the DAX fell 1.03%, to 17,932.17 points. The FTSE 100, in London, fell 0.04%, to 8144.13 points. The FTSE MIB, in Milan, fell 1.60%, to 33,746.66 points. In Paris, the CAC 40 fell 0.99%, to 7,984.93 points. The PSI 20 dropped 0.97%, to 6,615.56 points, in Lisbon.
Focus Bulletin impacted the stock market today
Investors also looked at the Focus Bulletin and the projections also priced risk assets, although the report showed few changes in market estimates for this and next year, and data from the country’s job market.
In Focus, analysts consulted by the BC maintained the estimate for the IPCA for 2024 at 3.73% and that for 2025 at 3.60%. The projection for the Selic rate also did not change compared to last week, remaining at 9.50% this year and 9% in 2025. However, it was raised from 8.5% to 8.63% in 2026 .
Employment in Brazil
The unemployment rate in Brazil was 7.9% in the quarter ended in March. The data are from the Continuous National Household Sample Survey (Pnad Contínua) released by the Brazilian Institute of Geography and Statistics (IBGE).
The result, after all, came close to the bottom of the expectations of analysts interviewed by the Broadcast Projections. Estimates ranged from 7.8% to 8.2%, with a median of 8.1%.
In the same period of 2023, the unemployment rate measured by Pnad Contínua was 8.8%. On the other hand, in the quarter ending in February 2024, the unemployment rate was 7.8%.
Furthermore, the worker’s real average income was R$3,123 in the quarter ended in March, an increase of 4.0% compared to the same period of the previous year.
With information from Estadão Content
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