Ibovespa registers a drop of 1.07% on Tuesday morning.

At 10:26 am (Brasilia time) this Tuesday (23), the Ibovespa registered a sharp drop of 1.07%, to 168,554.25 points. On the previous day (22), the main indicator of Brazilian Stock Exchange (B3) It rose 1.21%, to 170,370.38 points. Among the companies with the greatest weight in the composition of B3, the actions of Vale (VALE3) and from Petrobras (PETR3; PETR4) They fell 2.25%, 0.60%, and 0.43%, respectively. This morning, agents are reacting to the minutes of the last meeting of… Monetary Policy Committee (Copom)The document detailed the reasons that led to Central Bank (BC) The Brazilian Central Bank reduced the Selic rate by 0.25 percentage points last week, to 14.25% per year. The market interpreted this as a more cautious tone from the monetary authority. According to the minutes, some members of the Committee remain concerned about persistent inflation and increased uncertainty in the international scenario. The document highlights that the external environment remains challenging, influenced by geopolitical tensions in the Middle East and doubts regarding the direction of US economic policy, factors that have been increasing market volatility and commodity prices. Copom The committee also reinforced that inflation expectations remain unanchored, which requires maintaining a restrictive monetary policy for a longer period. According to the committee, the more persistent the inflation projections are above the target, the greater the economic cost will be to bring inflation back to the established objective. Abroad, futures indices of Wall Street Stocks were falling, pressured by a new round of profit-taking in the technology sector. The movement is led by semiconductor manufacturers and companies linked to artificial intelligence, after investors began to question the ability of tech giants to sustain high investments in the segment. Shares of hyperscale companies, such as Alphabet, remain in the spotlight, amid discussions about the financial return on billions of dollars invested in artificial intelligence. Meanwhile, oil prices continued their downward trajectory. The market continues to monitor progress in negotiations between the US and Iran, which fuel expectations of a gradual normalization of maritime traffic through the Strait of Hormuz. The US announced the temporary suspension of sanctions against Iran for 60 days, following the first rounds of negotiations for the peace agreement being built between the two countries. US President Donald Trump stated that he will continue to monitor Tehran's compliance with the commitments made and declared that he will adopt further measures if the terms of the agreement are not respected.

This text was translated by machine from Brazilian Portuguese.