The Ibovespa is down 0.66% this Wednesday morning, at 187,000 points.

At 10:20 am (Brasilia time) this Wednesday (29), the Ibovespa It was operating at a moderate low of 0.66%, at 187,368.48 points, with an accumulated decline of 1.11% in the partial week. On Tuesday (28), the main indicator of Brazilian Stock Exchange (B3) It rose 0.51%, to 188,618.69 points. The most heavily weighted component of the B3 index is… Vale (VALE3) The stock recorded a sharp decline of 2.35%. The drop comes after the release of quarterly earnings reports, which, although positive, did not meet all market expectations. On the other hand, the shares of Petrobras (PETR3; PETR4) They recorded gains of 1.31% and 1.22%, respectively. This morning, investors are awaiting the monetary policy decisions of the Federal Reserve (Fed), at 3 pm, and the Central Bank (BC), scheduled for 6:30 pm. The expectation is for both monetary authorities to maintain interest rates, with the US remaining between 3.50% and 3.75% per year, and Brazil maintaining the Selic rate at 14.75% per year. Also in the domestic scenario, agents are reacting to new economic indicators. Producer Price Index (PPI) released by the Brazilian Institute of Geography and Statistics (IBGE)it went up 2.37% in March, after a 0.25% drop in February. As for the General Market Price Index (IGP-M)According to data from the Getulio Vargas Foundation, interest rates rose 2.73% in April, compared to 0.52% in March. In the political arena, the highlight is the confirmation hearing of Jorge Messias, nominated for… Supreme Federal Court (STF)He will be evaluated. by the Constitution and Justice Committee (CCJ) of Senate And it needs at least 41 votes for approval. Abroad, the impasse between the United States and Iran remains unresolved, with the Strait of Hormuz still blocked. President Donald Trump has once again escalated his rhetoric against Iran, while Tehran is conditioning the reopening of the sea route on an end to the conflict. As a result, oil prices remain high, with Brent near US$115 per barrel and WTI above US$100, increasing global inflationary concerns.

This text was translated by machine from Brazilian Portuguese.