Stock exchange today: See the behavior of Ibovespa and the dollar this Wednesday (8) and what moves assets
While the market awaits the decision of the Central Bank’s Monetary Policy Committee (Copom), the Ibovespa began this Wednesday’s session with a fall, following the losses of other local assets during the morning. Local future interest rates started the day on a firm rise, following the behavior of Treasuries. As a result, shares sensitive to these rates on the Brazilian stock exchange retreated.
At around 10:40 am, the Ibovespa fell 0.38%, to 128,717 points, with an intraday maximum of 129,210 points and a minimum of 128,048 points. The financial volume projected for the index on the day was R$26.36 billion. Abroad, the S&P 500 fell 0.30% and the Stoxx 600 advanced 0.16%.
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Meanwhile, the dollar rises on the local scene. The North American currency advanced 0.32% against the real, quoted at R$5.0872.
Stock market shares today
Ambev ON (-4.05%), which has an important weight in the index, had one of the biggest drops of the day after publishing its quarterly balance sheet. Vale ON (-1.16%), the stock with the largest share in the Ibovespa, fell with the losses of iron ore abroad. On the other hand, BRF ON (+9.01%) led the gains after recording the best first quarter in history; the controlling company Marfrig also had a strong increase, of 6.18%.
Copom will move Ibovespa on Thursday, after decision
The market awaits the Copom’s decision, which comes after the end of business. A large part of the market expects a reduction, to 0.25 percentage points, in the size of the Selic rate cut. Agents will also pay attention to the voting score, which could give signs about the future of Brazilian monetary policy after the end of Roberto Campos Neto’s presidency at the Central Bank – the leader’s term ends at the end of this year.
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Tags: Stock exchange today retreats Copom radar dollar rises
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