The Ibovespa fell 0.52% on Wednesday morning, to 171,125 points.

At 10:29 am (Brasilia time) this Wednesday (8), the Ibovespa registered a moderate decrease of 0.52%, to 171,125.02 points, with an accumulated decline in the partial week of 1.98%. On the previous day (7), the main indicator of Brazilian Stock Exchange (B3) It fell 0.25%, to 172,020.68 points. Of greater weight in the composition of B3a Vale (VALE3) It fell 2.17%. On the other hand, the shares of Petrobras (PETR3; PETR4) Oil prices jumped 2.70% and 2.99%, respectively. This morning, the market is reacting to the new escalation of tensions in the Middle East, which is causing oil prices to rise more than 5% in the international market, also boosting Petrobras contracts. After two commercial ships and an oil tanker were hit by Iranian missiles earlier this week in the Strait of Hormuz region, the United States attacked more than 80 military targets in the Persian country the previous day. Furthermore, in a speech given last night, US President Donald Trump stated that the memorandum of understanding signed with Iran, which foresaw an end to the conflict between the parties, is "over," adding that dialogue with Tehran will not continue. On the economic agenda, the minutes of the last meeting of the Federal Open Market Committee (FOMC) of the Federal Reserve (Fed) are scheduled to be released at 3 pm. The document should provide clearer signals about the interest rate policy of the institution's new chairman, Kevin Warsh. Here, the day is marked by the absence of economic indicators. As a result, Brazilian investors remain focused on the third day of public hearings promoted by… Office of the United States Trade Representative (USTR), which is evaluating the proposal to apply additional tariffs of 25% on Brazilian products based on Section 301 of the U.S. Trade Act.

This text was translated by machine from Brazilian Portuguese.