Home Business Ibovespa opens high on decisive day in the US; Short DIs dive

Ibovespa opens high on decisive day in the US; Short DIs dive

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After a session of sharp fall the day before, Friday (3) begins signaling waiting time investors.

At 10:15 a.m., the Brazilian stock exchange benchmark rose 0.56% to 66,231 points, with the Federal Reserve chairwoman Janet Yellen talking in the afternoon. In the domestic agenda, the highlight continues with the repercussion of Odebrecht’s testimony in the Superior Electoral Court.

At the same time, future interest contracts maturing in January 2018 fell 7 basis points to 10.255%, while DIs due in January 2021 fell 1 basis point to 10.13%. The future dollar contracts maturing in April fell 0.68%, signaling a price of R $ 3,161.

“This is a day of anxiety for the market. The whole market is waiting for confirmation in Janet Yellen’s sign of high interest rates in the United States,” notes Pablo Spyer, chief operating officer of Mirae Asset Wealth Management.

Regarding the movement of the DIs, the expert reminds that, in addition to the speech of the Fed chairwoman, the minutes of the last meeting of the Copom (Monetary Policy Committee) is another factor generating volatility, with the Central Bank conditioning more intense interest cuts To approve the government’s reform agenda.

In addition, data on the IPC-Fipe (Consumer Price Index, as measured by the Institute for Economic Research Foundation), which registered a 0.08% deflation in February, also have some weight on the movements of the day in the fixed income market, The first for the month since 2012. The result not only reversed the advance of 0.32% verified in January as it deepened the deflation of 0.05% registered in the third quadrissemana of February.

Stock Market Highlights

On the stock side, Petrobras‘ shares (PETR3, PETR4) point to a recovery movement after falling more than 2% from the previous day, following the slight recovery in oil prices. This morning, brent reports gains of 0.11%, while the WTI operates near stability, after a morning of more expressive high with US stocks counterbalancing OPEC.

After dropping almost 5% the day before, Vale‘s shares (VALE3; VALE5) also point to a recovery at the opening of Bovespa, with gains of more than 1%. This despite the fall in ore prices in this session, with Qingdao down 1.13% to $ 91.32 a metric ton amid fears over stock levels in China.

Cielo‘s shares (CIEL3, R $ 27.95, + 2.19%) were recorded after the company had the high neutral recommendation for purchase by HSBC, with the target price being raised from R $ 32.00 to R $ 33.00.