The Ibovespa, the primary index of the B3 National Stock Exchange, is experiencing a decrease on Wednesday due to the partial closure of the US government and the release of less favorable data from the American job market.
Around 11:00 (Bedia time), the Ibovespa fell by 0.50% to 145,542.85 points, as reported by B3.
The commercial dollar is still moving in the opposite direction, increasing by 0.15% and currently valued at R$5.33.
USA Employment Report
The US job market saw significant decline in September, with private companies cutting 32,000 jobs, the biggest drop in two and a half years, going against analysts’ forecast of creating 50,000 jobs.
The August data showed a decrease from 54,000 to 3,000 jobs, indicating continued weakness in the job market.
The surprising outcome triggers a warning about the country’s economic performance and raises anticipation for further interest rate reductions by the Federal Reserve.
The likelihood of a decrease in interest rates in October increased from 86% to 99%, as per market predictions.
The significance of these numbers increases as the official September employment data may not be released because of the partial shutdown of the US government, which restricts the publication of official statistics and raises uncertainty surrounding monetary policy.
US Index Quote
Dow Jones increased by 0.26%.
S&P 500 rose by 0.07%.
Nasdaq increased by 0.15%.
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