Ibovespa futures run lower after two sessions high, on a day of volatility in the international market

The Ibovespa Futuro Index opened lower on Thursday (13), down 0.64%, to 106,030 points at 9:20 AM (Brazil time). Yesterday the Brazilian stock market recorded a positive day, with its main index closing nearly 2%, following a rally on Tuesday as well.

In the international market, bags are going sideways. In the US, after two high trading sessions for all indices, futures contracts are stable. The S&P 500 is up 0.05% and the Nasdaq is up 0.02%. The Dow Jones rose 0.12%.

“Global stock markets blew up without significant moves as investors digest US consumer inflation (CPI) data, which is at 7% in compound annual rate, its highest value since 1982,” explains XP Investimentos, in Morning call.

In addition, analysts also refer to Speeches brought by the beige book, published yesterday, highlights the fact that the US labor market has slowed not because of a lack of demand, but because of a tight supply of labor.

Attention was also drawn to the slight slowdown in the economy at the end of the year. The US economy expanded at a modest pace in the final weeks of 2021, with some regions noticing a sudden drop in leisure, travel, housing and food away from home segments, a reflection of the sharp rise in the number of O’Micron disease cases. The variant of Covid. -19”, they commented.

Today, the highlight of the US is the release of producer inflation data in December and new claims numbers for unemployment insurance, both scheduled for 10:30 am.

In Europe, the stock market trend has been mixed. The German DAX is stable, as is the FTSE in London. The STOXX 600 index from across the continent fell 0.10% and the CAC 40 from France 0.64%.

In addition to the Fed’s moves and news around Ômicron, investors are watching news of the UK’s political crisis, which was established after it was revealed that the country’s Prime Minister Boris Johnson attended parties during full closure The most intense in 2020, as well as the progress of negotiations between the United States and Russia on the Ukrainian crisis – the president of this country asked the West to assess sanctions on the Russian gas pipeline, which has recently gained importance for the continent, with a rise in oil prices.

Finally, Asian stocks saw a downward trend, with awareness as well as with investors watching the Covid-19 progress. In China, cities such as Anyang, which has a population of five million, and Tianjin, which has a population of 13 million, are facing confinement after an outbreak of the new micron variant.

China’s Shanghai Composite closed 1.17% lower. Japan’s Nikkei fell 0.96%. Korea’s Kospi fell 0.35%. Iron ore followed the country’s stock markets and saw the price of its ton drop by 2.85% at the port of Qingdao, at $129.87.

In commodities, oil is also falling, after closing the fourth with a rise of more than 1%, due to the drop above the consensus of US stocks. A barrel of West Texas Intermediate crude for February fell 0.47% to $82.25. Brent crude for March fell 0.30% to $84.42.

In Brazil, the volume of services stands out

This Thursday, in the domestic scenario, investors understand the publication, by IBGE, that Brazil’s services sector advanced 2.40% In November, compared to a consensus of 0.20%.

Despite showing that the economy is hotter than expected, this number could affect the yield curve, which advances in a block at the start of the trading session.

“When there is a very sudden growth in the service sector, there is a possibility that the IPCA will be more dispersed, with inflation emerging in many sectors. Rodrigo Franchini, of Monte Bravo Investimentos, explains that if price increases continue, with a booming service sector, There will be more consistent demand inflation. Pricing begins that the rise in interest rates must be rapid and continuous. If it is not only in the field of goods, but in actual consumption, it is necessary to stop it somehow,” he adds.

The DI for January 2023 rose 6 basis points to 11.92%. DI for January 2025 advanced eight points to 11.28%. The same month in 2029 rose six points as well, to 11.33%.

The trading dollar is up 0.12%, and is trading at 5,540 Brazilian reals when buying and 5.541 Brazilian reals when selling. The future was up 0.14% at R$5,563.