Market has a bad day and Ibovespa ends session in decline

2023-04-26 03:02:00

The Ibovespa, the main index of the Brazilian Stock Exchange (B3), presented, this Tuesday, the 25th, a new drop of 0.7%, at 103 thousand points, ending the second consecutive session with a low in the market.

Several results combined during the day contributed to the negative performance of the indicator. the mining company Vale accumulated another day of devaluation of its shares, falling more than 2% in today’s session — with the results of the week, the retreat already reached 10%. The price of iron ore in the foreign market still impacts the sector in Brazil. The traded value is the lowest in the last five months.

In the oil sector, the state-owned Petrobrasthe second most heavily weighted share on the Ibovespa, also ended the day down, down 0.4%, following the price of the commodity not international market.

In his deposition in Senatethe president of the Central Bank, Roberto Campos Netoreinforced the expectation that the monetary authority remains concerned about inflation and does not have a positive vision for the cycle of falling interest rates in the short term — another blow.

Dollar and the foreign market

Photo: Valter Campanato/Agência Brasil

The external market also generated concerns. O First Republic Bank, another of the medium-sized banks in the United States, returned negative data. The financial institution released its balance sheet on Monday the 24th and revealed a 40% drop in the volume of customer deposits.

The movement reignited the perception that there is still a lot of risk for North American regional banks. For this reason, US stock exchanges fell by up to 2% during the day, negatively influencing other markets, such as Brazil.

As a safe asset for investors, the dollar rose nearly 0.5% today, driven by the heightened risk environment in the United States. The US currency ended the day quoted at R$5.06.

See the main market indexes

• Ibovespa: 103,220.09 (-0.70%);
• S&P 500: 4.072,55 (-1,56%);
• Nasdaq: 33,530.83 (-1.02%);
• Dow Jones: 11.799,16 (-1,98%);
• Dollar: BRL 5.06 (+0.47%); It is
• Euro: R$ 5,55 (-0,19%).