Stock market rises today with investors still reflecting US labor market data; Here, BC defines interest rates
A stock Exchange today continues the previous week’s upward trend, with investors excited about risky assets here and abroad. On Friday, both the São Paulo and New York stock exchanges rose sharply after payroll data, which showed a weaker labor market.
Thus, around 10:50 am this Monday, the Ibovespa continued to rise: an increase of 0.31%, the 128,908.72 points.
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Dolar today
At the same time, the US currency rose in relation to the real. The dollar advanced 0.12%, to R$5.0782.
On the other hand, on the international scene, the DXY, the global dollar index, fell 0.08%, to 104.94 points.
Events that could impact Ibovespa this week
In the United States, attention is focused on speeches by Fed members after the FOMC meeting last Wednesday.
Here, the market awaits a decision on interest rates from the Central Bank on Wednesday, after the Copom meeting.
Investors are considering the Central Bank’s ability to maintain the pace of interest rate cuts. With inflation under control, the market has understood that the pace can be maintained, which helps to boost the stock market today.
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