The stock exchange advanced today, against the dollar, with the market keeping an eye on the performance of companies with the largest participation in the Ibovespa. Furthermore, the market observed fiscal issues 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).
Like this, the Ibovespa closed up 0.58%, at 129,210 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.
Among the highlights of the day is Itaú (ITUB4), which advanced 2.07% after corporate results released on Monday night. Petrobras, Vale, Banco do Brasil, Eletrobras and Bradesco also advanced.
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Dolar today
Today, the dollar closed down 0.12%, at R$ 5.0672. On the other hand, on the international scene, the dollar appreciated. The DXY, the global currency index, rose 0.30%, to 105.37 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.
Stocks trending on the stock market today
See the stocks that rose the most this Tuesday (7)
- Vamos (VAMO3) 13.05%
- PDG (PDGR3) 10.00%
- Rede D’or (RDOR3) 9.33%
- Simpar (SIMH3) 9.23%
- Quero-Quero Stores (LJQQ3) 5.32%
Stocks down
- Suzano (SUZB3) -12.27%
- IRB (IRBR3) -8.77%
- Positive (POSI3) -6.67%
- Tim (TIMS3) -6.20%
- Tenda (TEND3) -5.34%
The rankings include shares from the entire stock exchange, whether or not they make up the Ibovespa, with a high trading volume. The quotes were calculated from 5:40 pm to 5:45 pm.
World Stock Exchanges: New York
The New York stock exchanges closed without a single direction this Tuesday (7), reversing much of the positive momentum from the first hours of trading.
Wall Street moderated its search for risky assets following conservative comments from Minneapolis Federal Reserve (Fed) President Neel Kashkari, who once again spoke about the possibility of raising interest rates in the United States.
The Dow Jones index closed up 0.08%, at 38,884.26 points; the S&P 500 rose 0.13%, to 5,187.70 points; and the Nasdaq fell 0.10%, to 16,332.56 points.
Europe
The main European stock indices ended this Tuesday’s session (7) on a firm high — with the Stoxx 600 index renewing its closing record —, driven by gains in financial shares following the release of balance sheets from giants in the sector in the region.
The Stoxx 600 index rose 1.15%, to 514.04 points. The DAX, in Frankfurt, advanced 1.40%, to 18,430.05 points, the CAC 40, in Paris, grew 0.99%, to 8,075.68 points, and the FTSE 100, on the London Stock Exchange, climbed 1.22 %, to 8,313.67 points.
Corporate results: Itaú (ITUB4) is highlighted
This Tuesday, 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.
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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