The stock exchange today is moving against the dollar, with the market keeping an eye on fiscal decisions related mainly to concessions to Rio Grande do Sul due to the humanitarian tragedy in the state.
Furthermore, there is debate over the decision of the Interest couponwhich will be defined tomorrow after a meeting that began this Tuesday (7).
Investors are also discussing the performance of some companies on the stock exchange, such as Itaú, the third largest company on B3, which released 1Q24 results.
Thus, around 10:30 am, the Ibovespa rose 0.70%, 129,359.89 pointstherefore resuming the level of 129 thousand points, achieved in intraday of the previous session, when the stock market reversed gains at the end of the day and closed lower.
Dolar today
Today, the dollar was falling at the time mentioned in the relationship with the real: a drop of 0.27%, to R$5.0511.
On the other hand, on the international scene, the dollar appreciated.
The DXY, the global currency index, rose 0.05% to 105.10 points.
“The value of the US dollar showed strengthening against other major currencies, in response to modest data on orders to German industry and retail sales in the euro zone in line with expectations”, says Guide in a report.
Corporate results
In the corporate panorama, the financial results of Carrefour Brasil, Telefônica Brasil, GPA and Prio are worth highlighting.
Yesterday, the highlight was Itaú, which had results as expected, according to analyst averages.
Itaú Unibanco (ITUB4) announced on Monday that it had recurring profits of R$9.8 billion in the first quarter, an increase of 15.8% compared to the same period in 2023.
Copom will impact Ibovespa in the coming days
The Monetary Policy Committee (Copom) begins its two-day meeting with the aim of deliberating on the new Selic rate. At the same time, the National Treasury will promote an auction of post-fixed securities.
Extraordinary credit and postponement of payment of around R$3 billion in state debts and tax deferral. These were some measures announced by the public authorities in response to the tragedy in Rio Grande do Sul.
Arthur Lira, president of the Chamber of Deputies, said that there will be no extension of the extraordinary credit measure to other parts of the country.
“The signs are good, but it is important to monitor to see if the situation does not change and it is too early to have strong convictions here”, says Pedro Renault, research economist at Itaú BBA during this Tuesday’s Itaú Views Morning Call.
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