The Ibovespa index is down 0.65% this Tuesday morning, closing at 169,000 points.

At 10:12 am (Brasilia time) this Tuesday (16), the Ibovespa registered a moderate decrease of 0.65%, to 169,314.85 points. The day before (15), the main indicator of Brazilian Stock Exchange (B3) It fell 0.42%, to 170,415.13 points. Among the companies with the greatest weight in the composition of B3a Vale (VALE3) and the actions of Petrobras (PETR3; PETR4) They fell 0.16%, 1.49%, and 1.69%, respectively. This morning, investors' attention is focused on the start of monetary policy meetings in the United States and Brazil. Federal Reserve (Fed) and the Monetary Policy Committee (Copom) The US central bank begins its meetings today, with interest rate decisions expected to be announced this Wednesday (17). The prevailing expectation is that the US basic rate will remain in the range between 3.50% and 3.75% per year, in the first meeting led by Kevin Warsh at the head of the US central bank. In Brazil, part of the market is still betting on a 0.25 percentage point cut in the Selic rate. In the international scenario, agents continue to monitor the developments of the negotiations between the US and Iran. The prospect of a peace agreement and the reopening of the Strait of Hormuz continues to contribute to the reduction of the perception of global risk. Despite this, differences remain between Washington and Tehran on points considered central to the agreement, including the Iranian nuclear program and issues related to Lebanon, which maintains a certain degree of caution among investors. In Brazil, the economic indicators released this morning showed mixed signals for economic activity. According to the Brazilian Institute of Geography and Statistics (IBGE)Retail sales fell 1.5% in April compared to March, but rose 1.0% compared to the same period last year. General Price Index – 10 (IGP-10), released by Getulio Vargas Foundation (FGV)The GDP growth index fell by 0.30% in June, after rising 0.89% in May. With this result, the indicator accumulates an increase of 3.16% for the year and 2.15% over 12 months. In the political field, a poll released by Futura Inteligência/Apex showed President Luiz Inácio Lula da Silva with 48.1% of voting intentions in a possible second round against Senator Flávio Bolsonaro, who appears with 42.9%. Meanwhile, Lula continues his agenda at the G7 Summit, held in France between June 16 and 18. The president is participating in debates on economic growth, artificial intelligence, and international cooperation, in addition to bilateral meetings with leaders of other countries.

This text was translated by machine from Brazilian Portuguese.