Ibovespa futures drop, DIs advance after IPCA; Treasury yields fall and stock markets rise overseas

Ibovespa futures opened lower this Tuesday (11) – at 9:10 am (Brazilian time), the contract due in February 2022 registered a decrease of 0.25%, at 103,090 points. The Brazilian stock market operates in isolation from major indices abroad which are rising.

Enter lockers The Americans are taking a breather, after a series of rallies, and are pulling back in the futures market. US 10-year Treasuries fell 2.1 basis points to 1.759%.

As a result, pre-market stocks are also advancing, with increased risk appetite. Dow Jones futures are up 0.21%, the S&P 500 is up 0.33% and the Nasdaq is up 0.49%.

In Europe, the advances were more pronounced, with indicators recovering from the previous day’s strong declines. Germany’s DAX Index is up 1.11%. Britain’s FTSE 0.69%. STOXX 600 across the continent 1.02%.

Global stock markets are positive with US 10-year bond prices falling. Still in the United States, today the Federal Reserve Chairman will participate in the hearing to confirm his upcoming term, to be able to share a little bit of his plan to contain US inflation in the coming months,” XP notes, in his statement. Morning call.

Ibovespa futures fall as the yield curve rises, after the IPCA is above consensus

Here, however, the disclosure that The National Consumer Price Index (IPCA) rose 0.73% in DecemberAgainst the consensus of 0.65% the yield curve that rises collectively at the start of the trading session was not allowed to follow Treasury bonds.

“Analysts are closely watching core inflation metrics to assess whether monthly inflation is finally declining in response to a weaker economy and tighter monetary policy,” XP commented.

DI contracts due in January 2023 rose 2 basis points to 12.10%. Those for January 2025 advanced six points to 11.54%. Those for the same month in 2029 increased by four points, to 11.46%.

“IPCA surprised in December, but it does not change the next Copom scenario. At the sectoral level, inflation accelerated again in foodstuffs, basic services and industrial goods, which indicates that the pressures that were already affecting inflation are still high and should gradually decrease,” he said. says Joao Leal, an economist at Rio Bravo.

On the other hand, the commercial dollar declined by 0.24%, trading at 5.661 Brazilian reais when buying and 5.662 Brazilian reais in selling. The future, in turn, is practically stable, declining by 0.03%, to 5.688 Brazilian reals.

Today’s Ibovespa: click here To track the performance of the stock exchange in real time