OR Ibovespa it opened Thursday’s session (21st) on the rise, and then turned negative during the first operations of the morning. Around midday the index fell by 0.48%, to 128,496 points.
OR Ibovespa today falls against the New York indices and despite the iron oreup 2.72% this morning in Dalian, China.
Today’s market reflects the monetary policy decisions made yesterday in Brazil and the United States. Here, as expected, Copom reduced Selic by another half a percentage point. The novelty is due to the removal of the plural from the forward guidance. In other words: the committee now expects a decline of the same magnitude in the next meeting, not in the next meetings, as stated in previous statements.
In the United States, the FOMC, again as expected, kept the Fed Funds rate unchanged, in a range between 5.25% and 5.50%. The committee reaffirmed its plan to cut interest rates three times this year, raising expectations of a first reduction at its meeting scheduled for June.
A OK (VALE3) opened the session higher, following the mineral, but now trades close to stability: +0.06% at R$61.85. A Petrobras down, in line with oil, which loses around 1%: Petrobras ON (PETR3) collapses by 0.80% to R$37.03 and Petrobras PN (PETR4) collapses by 0.87% to 36.38 R$ .
The biggest rise in Ibovespa is Totvs (TOTS3), +1.47% at R$ 31.12, followed by Weg (WEGE3), +1.34% at R$ 39.35 and CSN Mineração (CMIN3), +1 .24% to R$ 5.71.
On the downside, Cogna (COGN3) led the losses with a decline of 9.29% to R$2.44. CVC (CVCB3), -3.08% to R$3.46 and Yduqs (YDUQ3), -2.80% to R$18.76, complete the list of major decliners.
Market in New York
To the New York Stock Exchange trade higher this Thursday, reflecting the previous day’s monetary policy decision and an indication that the Federal Reserve is expected to cut interest rates three times in 2024.
Check the performance of market in New York around noon:
- Dow Jones: +0.78% to 39,820 points
- S&P500: +0.50% to 5,250 points
- Nasdaq: +0.46% at 16,444 points
The biggest ups and downs of Ibovespa
Dollar exchange rate
A dollar exchange rate today it advances by 0.27% to R$4.9831.
OR Dollar today there is a slight correction after the previous day’s decline and reflects the latest interest rate decisions in Brazil and the United States.
Asian stocks rise after the Fed decides to adopt an accommodative approach
Stock markets in Asia and the Pacific closed largely higher this Thursday (21), a day after the Federal Reserve (Fed, the central bank of the United States) reaffirmed its projection to cut interest rates three times this year and, at the same time, leaving their rates unchanged.
Upon returning from holiday in Japan, among the Asian stock exchanges, the Nikkei index rose by 2.03% in Tokyo, reaching a new all-time high of 40,815.66 points, while the South Korean Kospi jumped by 2.41% in Seoul , at 2,754.86 points, The Hang Seng advanced 1.93% in Hong Kong, to 16,863.10 points, and the Taiex recorded a 2.10% gain in Taiwan, at 20,199.09 points.
As widely expected, the Fed held interest rates at current levels for the fifth time in a row, but also reiterated its plan to cut rates three times this year, solidifying bets that the initial cut will come in June. The Fed’s announcement, considered more “colonialist” (in favor of granting stimulus) than expected, led Wall Street to new historic highs yesterday.
Still among Asian stock markets, in mainland China, however, markets recorded slight losses today, ignoring not only the Fed but also new signals according to which the PBoC – the Chinese Central Bank – intends to ease monetary policy. The Shanghai Composite Index fell 0.08% to 3,077.11 points, while the less comprehensive Shenzhen Composite Index fell 0.13% to 1,804.31 points. Durable goods stocks, such as Midea (-2.15%) and telecommunications stocks, such as China Mobile (-1%), weighed on business.
In Oceania, the Australian stock market followed the Fed euphoria and recorded its best trading session in almost seven weeks. In Sydney the S&P/ASX 200 index advanced by 1.12% to 7,782.00 points
Last closure of Ibovespa
OR Ibovespa it ended yesterday’s session (20th) up by 1.25%, at 129,124.83 points.
Source: Terra
Ashley is a professional author and journalist, working at 247 News Update. She writes on various topics from economy  news to general interest pieces, providing readers with relevant and informative content. She brings a unique perspective and in-depth analysis to her work.
