At 10:25 am (Brasilia time) this Wednesday (24), the Ibovespa registered a moderate decrease of 0.58%, to 170,259.36 points, but with an accumulated gain of 1.19% in the partial week. On the previous day (23), the main indicator of Brazilian Stock Exchange (B3) It advanced 0.52%, to 171,258.87 points. Of greater weight in the composition of B3a Vale (VALE3) and the actions of Petrobras (PETR3; PETR4) Brazilian interest rates fell by 1.05%, 1.84%, and 1.67%, respectively. The market continues to project the future trajectory of interest rates in Brazil and the United States, following last week's monetary policy decisions. At that time, the Selic rate was reduced by 0.25 percentage points to 14.25% per year, while the US rate was maintained in the range between 3.50% and 3.75% per year. The Monetary Policy Committee (Copom) released the minutes of its meeting yesterday, pointing to a worsening inflation outlook and signaling that it may keep interest rates unchanged at its next meeting in August. The minutes of the Federal Open Market Committee (FOMC) meeting will only be released at the beginning of next month. Earlier, the Brazilian Institute of Economics of the Getulio Vargas Foundation (FGV Ibre) reported that the Consumer Confidence Index (ICC) fell 0.1 points from May to June, to 88.7 points. On the other hand, in the three-month moving average, the index advanced 0.2 points to 88.9 points. Domestically, the Brazilian election race remains on the radar. In the US, the only highlight of the day is the fuel inventory data. Investors are also keeping an eye on negotiations to end the conflict in the Middle East, which has been putting pressure on oil prices in the international market. According to… Hormuz Strait Monitor25 vessels were in transit through the Strait of Hormuz the previous day, a volume equivalent to 42% of the waterway's usual flow, which averages around 60 ships per day.
This text was translated by machine from Brazilian Portuguese.