Bloomberg Línea — O Ibovespa (IBOV) advances this Friday (10), on a day of optimism abroad and with investors reflecting inflation data in Brazil, as well as speeches from members of the Federal Reserve in the United States.
In April, the Broad National Consumer Price Index (IPCA) accelerated to 0.38%, driven by medicine prices, after increasing 0.16% in March. In the annual comparison, inflation increased by 3.69%.
Economists heard by Bloomberg News predicted an increase of 0.35% for the indicator in the monthly comparison and 3.66% in the annual comparison, compared to an increase of 3.93% in the last survey.
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At around 10:30 am (Brasília time), the Ibovespa rose 0.56%, trading at 128,901 points, while the dollar fell 0.18%, to R$5.13.
The American currency soared yesterday after the Copom cut the Selic rate by 0.25 percentage points and the statement came harsher than expected, signaling caution in the conduct of monetary policy and withdrawing the guidance.
The first quarter corporate earnings season and speeches from members of the US central bank, including Michelle Bowman and Neel Kashkari, set the tone for markets this Friday.
Investors are looking for new signals about the direction of interest rates in the United States after data on job aid applications reinforce bets on rate cuts.
The speeches are monitored before CPI inflation data next week, which should also help guide financial market interest projections.
In corporate news, the highlight today is the quarterly balance sheets of companies such as Cemig (CMIG4), M. Dias Branco (MDIA3), Banco Pan (BPAN4), Yduqs (YDUQ3) and Ser Educacional (SEER3).
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