Ibovespa rises with swings; Rede D’Or (RDOR3) and Vamos (VAMO3) soar, IRB (IRBR3) falls, Vale (VALE3) advances and the dollar retreats

O Ibovespa opened this Tuesday’s session (07) on a high, and at around 11:45 am, the index advanced 0.93%, to 129,629 points.

Despite the moderate increase in most of the indices of New York stock exchangesthe empty agenda and the fall in commodities, the Ibovespa today rises above 129 thousand points this Tuesday, with investors eyeing balance sheets such as Itaú Unibanco (ITUB4), Vamos (VAMO3), Embraer (EMBR3) and Rede D’or (RDOR3).

One day before the decision of the Monetary Policy Committee (Copom), the market monitors fiscal issues and inflationary uncertainties, amid federal aid to Rio Grande do Sul. Yesterday (06), the Chamber approved the Legislative Decree Project (PDL ) which declares a public calamity in the State and removes from the fiscal target the resources that will be used to recover the damage caused by the rains in the region. The text goes to the Senate for analysis.

O Petroleum today it retreats, while the Petrobras operates in the opposite direction: Petrobras ON (PETR3), +1.14% at R$42.70 and Petrobras PN (PETR4), +0.67% at R$40.43. Already the OK (VALE3) rises 1.03% to R$64.83, after the iron ore closed down 0.06% this morning in Dalian, China.

The biggest increase in Ibov is from Rede D’Or (RDOR3), +9.70% at R$29.85, after balance sheet. Vamos (VAMO3), which also reported results, appears next with +9.62% at R$7.98, and Hapvida (HAPV3) completes the top-3 with +5.15% at R$4.08.

It is also worth highlighting Itaú (ITUB4), which rose 1.70% to R$32.95, after reporting its 1Q24 balance sheet last night.

At the negative end of the Bovespa indexIRB (IRBR3) falls 7.89% to R$ 39.60, followed by Suzano 9SUZB3), -7.73% to R$ 54.89 and Tim (TIMS3), -4.91% to R$ 17, 65.

Market in NY

To the US scholarships opened this Tuesday’s session on a high, following the positive trend observed in recent days.

Check the performance of market in NY around 11:45 am:

Dow Jones: +0.28% to 38,960 points
S&P500: +0.27% to 5,194 points
Nasdaq: +0.16% to 16,375 points.

Biggest highs and lows of Ibovespa

Dollar exchange rate

A dollar exchange rate today falls 0.42% to R$5.0546.

O Dolar today follows the fall of treasuries in the United States, with investors hoping for the start of interest cuts there.

Asian stock markets close higher, driven by NY

Asian stock markets closed mostly higher this Tuesday (07), after Wall Street accumulated gains for another session.

Leading gains in the Asian region today, the South Korean Kospi index returned from a holiday up 2.16% in Seoul to 2,734.36 points, driven by good performance in chip and shipping stocks. Also upon returning from a holiday, the Japanese Nikkei rose 1.57% in Tokyo, to 38,835.10 points, with the help of brokerage and electronics-linked shares.

Yesterday, the New York stock exchanges closed broadly higher for the third consecutive session, with emphasis on the technology sector, largely encouraged by the possibility that the Federal Reserve (Fed, the US central bank) will begin to reduce interest rates in September , given signs of cooling in the American job market.

In mainland China, stocks rose modestly today, also supported by the latest signals from a communist party meeting last week, which emphasized the role of capital markets. The Shanghai Composite advanced 0.22%, to 3,147.74 points, and the less comprehensive Shenzhen Composite secured a similar gain, of 0.24%, to 1,796.77 points.

Elsewhere in Asia, the Taiex rose 0.63% in Taiwan to 20,653.53 points, but the Hang Seng ignored the positive bias and fell 0.53% in Hong Kong to 18,479.37 points, pressured by shares of technology and snapping a ten-session streak of gains.

In Oceania, the Australian stock market followed Wall Street and the majority of Asian markets and was in the black, also following the decision by the RBA – as the local BC is known – to leave its basic interest rate at 4.35%, the level at which it currently stands. since November last year. The S&P/ASX 200 advanced 1.44% in Sydney, to 7,793.30 points.

*With information from Dow Jones Newswires and Estadão Conteúdo