After strong rallies in the “Super Wednesday”, which was one of the biggest highs of the stock exchanges in two years, the indices around the world suffered sudden drops on Thursday (5).
Despite the Fed’s Jerome Powell’s signal that there will be no more aggressive increases in US interest rates at the next meetings, investors did not buy the speech, as they believe that the US central bank will not be able to contain inflation without monetary tightening.
The fear of rising US interest rates also generates fears of a possible recession. In addition, investors still find themselves in a scenario of global inflation, fears of recession in Europe, lockdowns in China and the uncertainty of the war in Ukraine.
In Brazil, Petrobras released its first quarter results and recorded the highest profit in the history of a publicly traded company in the country, at R$44.5 billion. Even with positive numbers, analysts say the robust profit brings a discussion about possible political interference in the oil company.
After the announcement of Petrobras’ results, President Bolsonaro declared that the company’s profit is “rape”, reinforcing the tone of uncertainty regarding interference in the company.
Presented by Thais Herédia and Priscila Yasbek, the CNN Money presents a balance of news issues that influence markets, finances and the direction of society and the dynamics of power in Brazil and in the world.
Listen to past episodes of the podcast:
Episode 05/05 – Between the lines of the Fed and the Copom; where to invest with Selic at 12.75%; US stocks rise with interest rates
Episode 04/05 – Super Wednesday and risk of recession: market awaits interest rate decision in Brazil and the USA
Episode 03/05 – Australia raises interest rates and reinforces fears about global inflation; free energy market has a record
Episode 05/02 – Market awaits decision on interest rates in Brazil and the US on “Super Wednesday”; IPI has limited effect
Episode 04/29 – April may be the worst scholarship month in 2 years; market monitors big tech performance –
Episode 04/28 – Facebook and balance sheets boost stocks; the collapse of the yen; and null IPOs of 2022
Episode 04/27 – Russia cuts gas to Poland and Bulgaria; Deutsche sees interest at 6% in US; and dollar in BRL 5
Episode 4/26 – The Future of Musk’s Twitter; interest takes 9 months to hit the economy; lockdown in China
Episode 4/25 – Markets plummet with fears over Beijing lockdown and US interest rates
Episode 04/22: Fed stirs up market with tougher speech, and Brazil does not escape global bad mood
Episode 04/21: Eletrobras trial pause worries, but market remains optimistic about capitalization
Episode 04/20 – Bento Albuquerque presses TCU for capitalization of Eletrobras
Episode 04/19 – Cryptocurrency Milestone Can Be Voted Today; IMF and the risk of stablecoins
Episode 4/18 – Inflation, economic growth and war in Ukraine dominate debate at IMF meeting
Episode 04/15 – Petrobras CEO’s first speech pleases the market; budget and minimum wage 2023
Episode 04/14 – End of the Petrobras soap opera; US threatened as a safe haven for investments
Episode 04/13 – Petrobras Assembly goes beyond the change of command; US inflation brings relief
Episode 04/12 – US Inflation Haunts Markets; green flag until December; and record default
Episode 04/11 – Strike in BC keeps Copom without data; French elections affect the market
Episode 08/04 – With a new record in the price of food, inflation is the biggest problem in the world today
Episode 07/04 – Petrobras in the last chapter and Eletrobras waiting for privatization
Episode 06/04 – The whole world is waiting for what the Fed says about high inflation in the US
Episode 05/04 – How the market reacts and what it expects from the new candidate for the presidency of Petrobras
Episode 04/04 – See what to expect from Petrobras shares after a weekend of surprises
Also check out the other podcasts from CNN Brazil and subscribe to the channel on YouTube.
Source: CNN Brasil