September 24, 2023
Ibovespa (IBOV) melts more than 2% as US indices collapse;  Only two stocks closed higher - Money Times

Ibovespa (IBOV) melts more than 2% as US indices collapse; Only two stocks closed higher – Money Times

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Ibovespa followed strong declines in New York and closed this Tuesday at 110,000 points (Photo: REUTERS/Amanda Perubelli)

Under pressure from the outside, the Ibovespa (Ibove) It fell sharply on Tuesday (13) and returned the gains of the previous trading session.

The standard index of b 3 (B3SA3) melted 2.3% to 110,793.96 points.

in Wall Streetthe indicators performed worse, with Nasdaq close 5.16% Standard & Poor’s 500 down 4.32% and Dow Jones It fell 3.94%.

Markets released worse-than-expected data from inflation American.

Consumer Price Index in United State (CPIin English acronym) continued upward trend in August, showing acceleration relative to July.

The index rose 0.1% month-on-month and advanced 8.3% year-on-year.higher than expectations, an increase of 8%.

Increases in housing, food, and medical care rates were most affected by rising inflation.

Core CPI, which excludes volatile items such as food and energy, rose 0.6% in the month and 6.3% year on year. Expectations were for a 6.1% increase in the 12-month period.

After the data was disclosed, the market began to consider the possibility of Federal Reserve (Fed)The US central bank will raise the country’s interest rate by one percentage point at the next meeting to be held next week.

The market has already ignored the 0.5 percentage point rise. Currently, Stakes range from 0.75-1 percentage point.

For Director Daniel Alberini, a partner at CTM Investimentos, the CPI information indicates that the Fed will have a lot of work to do in the future.

“The higher the interest rates in the United States, the more complicated it becomes for the rest of the world, because of the immigrant money flowing there, because of the risks, because of the volatility …”, he comments.

in ChinaDeveloper evergrand He announced the resumption of construction projects, amid the peak sector season in the country, which usually lasts until the end of October.

More cities are showing credit support and adjusting down payment requirements that new borrowers have to do, Bring some relief to the steel industry.

Bigger highs and lows

In a session marked by stocks in the red, only two stocks closed higher: MRV (MRVE3) which rose by 0.9%, and BB Security (BBSE3) with an increase of 0.67%.

The rise in the construction company’s shares reflects the good market outlook for the low-income sector companies.

The havid (HAPV3) led Ibovespa’s decline today after dropping 6.71%, followed by temper nature (NTCO3), with a reduction of 6.49%, and Qualicorp (3 . quality), which decreased by 6.15%.

In addition to interest pressures, the cosmetics company’s shares suffered With rumors of a possible merger of its operations with Avon, as well as spin-offs for Aesop and The Body Shop.

yes (VALE3) finished the day down 2.71%, despite iron ore advances in China. Actions Petrobras (PETR3;PETR4) lost 2.86% (general) and 2.94% (favorite), reflecting lower oil prices.

The decline in banking sector stocks weighed more on the Ibovespa index this Tuesday.

With information from Reuters.

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