The Ibovespa ended Friday’s session almost unchanged, registering a slight increase of 0.10% to reach 145,446 points. The Brazilian market closely monitored the inflation figures in the US. Vale’s decline and the sharp rise in the banking sector were notable movements in the Ibovespa for the day.
Experts lowered their predictions for future interest rate cuts this year following a higher-than-expected increase in the US GDP and the impact of the August PCE inflation index released by the Federal Reserve, which aligned with market projections.
Bruno Shahini, Nomad’s investment specialist, stated that the 0.3% increase in August and 2.7% rise over the past year indicate a gradual decrease in inflation.
The Fed’s likelihood of a cumulative decrease of more than 50 base points in 2025 plummeted due to ongoing inflation and the North American economy’s resilience, leading to market expectations of a pause in October.
Christian Iarussi, an economist and partner at The Hill Capital, believes that despite market expectations of cuts up to 50 base points, the Federal Reserve will likely be more conservative and may only implement cuts of 25 points.
In the national context, important information includes August’s external sector data. Vale’s shares (VALE3) declined by 2.16%, making it a negative aspect of the trading day. On the other hand, the banking sector saw growth with major institutions such as Santander (SANB11), Banco do Brasil (BBAS3), and Itaú (ITUB4) gaining value in the B3 market.
The commercial dollar decreased by 0.46% and ended the day at R$ 5,338, with the US currency fluctuating between R$ 5,362 and R$ 5,339. The DXY chart, which measures the US dollar index, dropped by 0.30% to 98,152 points.
The B3 stock market ended with PCAR3 from Sugar Loaf Group at the top, rising by 2.59%. Following closely was VAMO3 from Lets, showing a growth of 2.51%. ISA Energia and Caixa Seguridade also saw positive gains, with increases of 2.48% and 2.44% respectively.
Braskem leads with a significant decrease of 14.81%, followed by MRV&Co (MRVE3) with a 2.01% decline. The Valley (VALE3) and MBRF (MBRF3) conclude the list of declining stocks, dropping by 1.92% and 1.88% respectively.
Industry differences
Petrobras’ stock (PETR3; PETR4) declined by 0.63% and 0.34%, while PetroRio (PRIO3) saw a slight increase of 0.23% and PetroRecôncavo (RECV3) recovered by 0.31% in the oil sector.
The mining and steel companies ended the day with losses. The Valley (VALE3) dropped by 1.92%, Gerdau (GGBR4) by 0.36%, Usiminas (USIM5) by 0.45%, and CSN Mining (CMIN3) by 0.38%.
The banking industry ended the week positively, with Itaú Unibanco, Banco do Brasil, Bradesco, and Santander all seeing gains in their stock values.
Magazine Luiza (MGLU3) saw a peak of 1.54% among retailers, while Renner Stores (LREN3) increased by 0.64%, Vivara (VIVA3) by 0.42%, and C&A (CEAB3) by a modest 0.12% at the end of the session.
The primary Wall Street scholarships closed with gains today, with the S&P 500 and Nasdaq rising by 0.59% and 0.44%, and the Dow Jones index increasing by 0.65%.
- Marketplace
- Brazilian bank
- BB (BBAS3)
- American economy
- American economy
- United States of America
- Fed
- Ibovespa.
- It is simply…
- Itaú’s stock symbol is ITUB4.
- EC
- Gross Domestic Product
- Santander, Spain
- Colombia (SANB11)
- Valley
- Valley stock (VALE3)
