Markets opened higher on Tuesday (15), after signs of easing tensions between Russia and Ukraine, and with investors eyeing the arrival of President Jair Bolsonaro (PL) to Moscow.
Overseas, American futures soared in the morning after the Russian Defense Ministry ordered the return of some troops who were near the Ukrainian border for military training exercises.
In addition, two other pieces of news also helped to reduce tension: the recommendation by the country’s Foreign Minister to intensify diplomatic contacts with the West and the speech by German Chancellor Olaf Scholz that Ukraine’s accession to the Treaty Organization of the North Atlantic (NATO) is “out of the question” at the moment.
Today, attention turns to the meeting between Scholz and Putin in Moscow. Germany, Russia’s biggest trading partner on the European continent, is expected to warn of possible sanctions in the event of an attack on Ukraine.
Foreign investors are also aware of interest rates in the United States. Yesterday, James Bullard, member of the Federal Reserve System (FED), the US central bank, reinforced that he advocates a half-point hike in interest rates at the March meeting and a one-point hike by the end of June.
In Europe, the indices also rise after yesterday’s sharp declines. The highlight is the Eurozone Gross Domestic Product (GDP), which rose 4.6% in 2021, but slowed to 0.3% in the fourth quarter, as expected by the market.
In Asia, stocks closed mixed. Despite geopolitical tension and Japan’s GDP coming out weaker than expected, China announced new billion-dollar injections into the credit market and boosted local indices.
Brazil
The Ibovespa closed up again on Monday (14), with the flow of foreign funds holding the Brazilian stock exchange once again.
The highlight of the day is the arrival of Jair Bolsonaro in Moscow, expected this morning. The government says that the reason for the trip is to strengthen Brazil’s trade relations with Russia, since national agribusiness depends on the supply of fertilizers from the region.
Sources close to the Planalto state that the president should maintain a neutral stance on the conflict in Ukraine and focus on the trade issue. Analysts, however, assess that there is a risk that some speech by Bolsonaro will be interpreted by Putin as support for the Russians.
In politics, Rodrigo Pacheco set the vote on the fuel PEC for tomorrow.
In the corporate sector, the Federal Audit Court (TCU) today resumes its judgment on the capitalization of Eletrobras.
Indexes
The futures Ibovespa is up 0.71%, with 114,620 points. The dollar has dropped 0.20%, quoted at R$ 5.20. The S&P 500 futures rose 1.57% to 4,470 points.
agenda of the day
The IGP-10 was released this morning, up 1.98% in February – above market expectations, which expected 1.93% for the month.
The TCU judgment on Eletrobras and the balance sheet crop, with results from Petrorio and Carrefour, are also awaited today.
Abroad, the agenda boils down to the GDP of the Eurozone and the Producer Price Index in the United States, in addition to the oil stock data from the American Petroleum Institute (API).
Source: CNN Brasil
