The stock market closed today in a fall, against the dollar, with investors expecting a worsening of the country’s fiscal situation in view of the expenses necessary to contain the environmental and humanitarian tragedy in the south of the country.
As a result, Ibovespa reverses part of Friday’s gains, when both the São Paulo and New York stock exchanges rose.
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So, this Monday, the Ibovespa closed down 0.03%, at 128,465 points.
“The market is more cautious this Monday, after a Friday in which there was a positive reaction in relation to the IPCA-15 and payroll”, says Leandro Ormond, analyst at Aware Investments.
“The expenses necessary to rebuild Rio Grande do Sul, in addition to the inflationary effects that may arise from this sad event, are reflected in the interest curve today”, adds Ormond.
Dolar today
The dollar closed up 0.07%, at R$5.0735. Likewise, on the international scene, the DXY, the global dollar index, rose 0.08%, to 105.11 points.
Stocks on the rise
See the stocks with the biggest gains on the stock market today.
- Lupatech (LUPA3) 6.57%
- Petz (PETZ3) 4.11%
- Intelbras (INTB3) 3.22%
- Serena Energia (SRNA3) 2.89%
- Neogrid (NGRD3) 2.83%
Stocks down
Also check out the stocks that had the biggest falls.
- Braskem (BRKM5) -14.53%
- Kora Health (KRSA3) -14.12%
- Viveo (VVEO3) -13.84%
- Casas Bahia (BHIA3) -12.33%
- Zamp (ZAMP3) -8.97%
The rankings include stocks with high trading volume, whether or not they belong to Ibovespa and other indices.
World Stock Exchanges: New York
The New York stock exchanges extended the rally at the end of last week by closing this Monday’s trading session with a strong increase of up to 1% among the main Wall Street stock indices.
Investors’ continued good mood comes in the wake of improved expectations for interest cuts from the Federal Reserve (Fed) this year, following the sharp slowdown in the United States jobs report, the payroll, in April.
The Dow Jones index closed up 0.46%, at 38,852.27 points; the S&P 500 rose 1.03%, to 5,180.74 points; and the Nasdaq advanced 1.19%, to 16,349.24 points.
Technology stocks were today’s main gainers, posting a combined increase of 1.48%, according to the S&P 500 sector index.
Leading the rises of the New York benchmark index, Super Micro Computer advanced 6.09%, followed by Micron Technologies, which appreciated 4.73% after Baird began recommending the purchase of the stock.
Airline stocks also performed well today, with highlights being American Airlines (+5.78%) and United Airlines (+4.49%). The movement came despite Spirit Airlines falling 9.70% after reporting a larger-than-expected net loss in the first quarter.
Europe
The main European stock indices ended Monday on a high, with the market once again pricing in two interest cuts by the Federal Reserve (Fed, the US central bank) this year. Furthermore, today, the mood of the European market was also boosted by positive data on economic activity in the region.
The Stoxx 600 index rose 0.52%, to 508.17 points. The DAX, in Frankfurt, advanced 0.96%, to 18,175.21 points, and the CAC 40, in Paris, rose 0.49%, to 7,996.64 points. The FTSE 100, on the London Stock Exchange, did not operate this Monday due to the bank holiday in the United Kingdom.
Published earlier, the euro zone’s composite purchasing manager’s index (PMI) rose to 51.7 points in April, from 50.3 in March. The services PMI rose to 53.3, compared to 51.5, and above the forecast of economists consulted by the “Wall Street Journal”, of 52.9.
With information from Pro Valuereal-time news service from Economic value
Financial Intelligence is a journalistic channel and this content should not be interpreted as a recommendation to buy or sell investments. Before investing, check your investor profile, your objectives and always stay well informed.
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