Ibovespa opens sharply with GPA (PCAR3) soaring

O Ibovespa opened this Thursday’s session (02) on a high, and at around 10:15 am, the index rose 1.17%, to 127,401 points.

O Petroleum operates at a high this morning, while the Petrobras follows the bias: Petrobras ON (PETR3), +0.61% at R$44.53 and Petrobras PN (PETR4), +0.62% at R$42.28. A OK (VALE3) has a similar performance, with an increase of 0.66% to R$63.71.

The biggest increase in Ibov at the beginning of the session it is Pão de Açúcar (PCAR3), +6.14% at R$ 3.11. Casas Bahia (BHIA3), +5.55% at R$7.20 and CVC (CVCB3), +4.98% at R$2.11, complete the top-3.

At the negative end of the Bovespa index, Weg (WEGE3) leads the losses with -1.85% at R$38.88 after balance sheet. Sabesp (SBSP3), -0.56% at R$80.36 and Prio (PRIO3), -0.52% at R$47.76, are the only other shares that fall.

On investors’ radar

O Ibovespa today should reflect the interest rate decision in the United States, which took place the day before, when the Brazilian stock exchange it was closed due to the holiday. In line with expectations, the Fomc decided to keep the Fed Funds rate in the range between 5.25% and 5.50%.

In the agency’s statement and in the press conference by Fed President Jerome Powell, the indication was that interest rates may not fall this year, but that a new rise should not occur.

Meanwhile, investors are also paying attention to the earnings season, which today has already brought results from companies such as Weg (WEGE3) and Bradesco (BBDC4). After the closing, it is Apple’s (AAPL34) turn to present its numbers.

Biggest highs and lows of Ibovespa

Dollar exchange rate

A dollar exchange rate today falls 1.30% to R$5.1259.

O Dolar today operates against treasury yields, following the Fomc’s decision to keep the interest rate unchanged.

Asian stocks close mixed

Stock exchanges in Asia and the Pacific ended trading this Thursday without a single direction, mirroring Wall Street’s behavior yesterday after the Federal Reserve’s interest rate announcement (Fed, the US central bank).

The Japanese Nikkei index fell slightly by 0.10% in Tokyo today, to 38,236.07 points, pressured by shares in the automotive sector and linked to electronics, while, on the return from a holiday, the South Korean Kospi fell 0.31 % in Seoul, at 2,683.65 points, and Taiex gave up 0.85% in Taiwan, at 20,222.44 points.

On the other hand, the Hang Seng jumped 2.50% in Hong Kong, to 18,207.13 points, driven by technology stocks, also upon returning from a holiday. In mainland China, markets have been closed since yesterday and will only reopen on Monday (06), due to a holiday.

In Oceania, the Australian stock market was in the black, with the help of shares from the country’s largest companies in terms of market value. The S&P/ASX 200 advanced 0.23% in Sydney, to 7,587.00 points.

Yesterday, New York stock exchanges ended the session with mixed signals, after the Fed once again left its interest rates unchanged, as was widely expected, but also signaled that a rate hike is unlikely, despite persistent inflation in the US.

*With information from Dow Jones Newswires and Estadão Conteúdo