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Ibovespa closes up 0.14%, with interest in the EU and Powell; dollar drops to R$ 5.20

The Ibovespa ended this Thursday (8) with a slight increase of 0.14%, at 109,915.64 points, amid fears of global recession, fueled by the interest rate hike announced earlier by the European Central Bank (ECB), and after speech by Fed Chairman Jerome Powell.

The main B3 index registered an alternation at the peak between gains and losses throughout the day, with exporters in the negative highlights and papers sensitive to the Brazilian economy among the main increases.

Investors returned from the Independence Day holiday, when the stock exchange did not operate due to the date, with weaker-than-expected Chinese foreign trade figures on their radar, released in the early hours of Wednesday, which amplified fears about the local and global economy.

The dollar, on the other hand, closed the day with a devaluation of 0.63%, trading at R$ 5.20. The US currency returned to operating lower against the real on Thursday, after even briefly reducing its losses in the wake of Powell’s speech, pausing a recent appreciation that took it to the highest levels in more than a month in the last session. .

dollar break rally

The US currency was pausing a recent rally that took it to the highest levels in more than a month in the latest session, with investors awaiting further signals on monetary policy from major central banks.

In the last session, on Tuesday, the US currency jumped 1.67%, to R$ 5.24, the highest level for closing since August 3 (R$ 5.27) and the sharpest daily appreciation since the last day 31 (+1.735%).

In this trading session, the Central Bank held an auction of up to 15 thousand traditional foreign exchange swap contracts for the purpose of rolling over the maturity date of October 3, 2022.

Oil on the rise

Oil prices rose about 1% on Thursday as Russia threatened to halt oil and gas exports to some buyers. The commodity’s rally comes after values ​​fell to a seven-month low in the previous session.

Brent rose $1.15, or 1.3%, to $89.15 a barrel, while U.S. WTI crude advanced $1.60, or 2.0%, to $83. 54. The day before, both benchmarks dropped more than 5% to close at their lowest levels since mid to late January.

The price increase came despite a surprise rise in U.S. crude inventories, news that the U.S. was weighing the need for more oil releases from strategic reserves, and concerns over China’s Covid-19 lockdown extensions. . This amid rising global interest rates, which is expected to slow economic activity and hit fuel demand.

U.S. crude inventories rose by nearly 9 million barrels last week due to a combination of rising imports and continued releases from government emergency reserves, the Energy Information Administration said on Thursday.

Up and down from B3

Here are the main highlights of Thursday’s trading session:

biggest highs

  • Magazine Luiza (MGLU3): 7.25%
  • Blue (BLUE4): 6.46%
  • Via (VIIA3): 5.54%
  • Goal (GOLL4): 5.36%
  • MRV (MRVE3): 5.06%

biggest casualties

  • Marfrig (MRFG3): 5.84%
  • JBS (JBSS3): 4.99%
  • PetroRio (PRIO3): 4.07%
  • 3R Petroleum (RRRP3): 4.01%
  • Braskem (BRKM):4%

*with information from Reuters

Source: CNN Brasil

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