July 4, 2022
The future of Ibovespa follows outward and opens higher;  The dollar is trading below 4.80 Brazilian real

The future of Ibovespa follows outward and opens higher; The dollar is trading below 4.80 Brazilian real

Ibovespa futures are rising this Tuesday (2), following the previous market trend of the offshore market. Today, investors start digesting data like Brazil’s GDP, which grew less than expectedcreating jobs in the private sector in the United States, and the emergence of inflation in Europe.

At 9:23 am (Brazil time), Ibovespa futures for June were up 0.53% at 112.390 points.

The trade dollar fell 0.15% to R$4.796 on purchases and R$4.797 on sales.

Interest on futures contracts higher on longer maturities: DIF23, stable, at 13.44%; DIF25, +0.06 pages, 12.46%; DIF27, +0.07pp, 12.35%; and DIF29, +0.07 pages, at 12.45%.

New York futures are trading higher. Highlighting the labor market data, on the eve of the release Payroll.

After the release of the “Beige Book” yesterday afternoon, which highlights the “tightness” in the US labor market and its impact on inflation, investors are looking at the numbers of jobs created in the private sector and weekly applications for unemployment benefits.

Read more: US creates 128,000 private sector jobs in May, ADP shows, less than expected

Dow Jones futures are up 0.30%, while S&P 500 and Nasdaq futures are up 0.37% and 0.46%, respectively.

In Europe, stocks were also higher, with the Stoxx 600 index up 0.52%. The Eurozone PPI rose to 37.2% in April (compared to the previous year), but came in lower than analysts had expected, who had expected a PPI of 38.6%. Compared to March, the increase was 1.2%.

Investors are closely following the European Central Bank (ECB) for clues about the pace of interest rate hikes needed to contain prices. Adjustment should begin in July.

UK stock exchanges are closed today with a bank holiday – celebrations of the platinum jubilee of Queen Elizabeth II, her 70th year of reign, have begun.

In Asia, most stock markets closed lower on expectations of higher interest rates around the world and fears of the pandemic. The Chinese government has ordered state-owned banks to provide 800 billion yuan to finance infrastructure projects, in its main move to stimulate the economy affected by the latest crisis. closures.

Restrictive measures have been lifted in Shanghai, but are being resumed in Hong Kong, with the number of Covid-19 cases increasing in the city.

The prospect of a US interest rate hike by the Federal Reserve, at the meeting to be held in two weeks’ time, also weighed on the markets again.

Technical Analysis by Pamela Simizato, Investment Analyst and Daily Specialist at Clear Corretora

Ibovespa

“Still stable without showing strength to buy or sell. In the very short term, in the uptrend, it is still above 109,000 points support. I am looking to test 115,000 resistance.”

dollar

“Yesterday showed strength for the bounce after the reversal candle at 05/30 and the close was good at the resistance at 4,860 BRL. If the trend continues, we can expect a test at 4,980 BRL. For us to consider a trend reversal, it first needs to break the 5 resistance 300 Brazilian Real.

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