Ibovespa futures opens with a downward bias and the dollar returns to trading at R$4.71; future interest goes up

The Ibovespa futures operate lower in the first trades on Thursday, the last trading day of the shortest week. In the United States, the indices operate without a defined trend, after a positive session the day before. In Europe, stock markets operate higher, on a day of decision on interest rates at the European Central Bank and in Asia the indices closed on the positive, with the expectation of stimulus measures in China.

At 9:13 am, the Ibovespa futures maturing in June fell 0.23%, to 118,705 points.

The commercial dollar rose 0.56% to R$4.714 on purchases and R$4.715 on sales.

Futures interest rates open with an upward bias: DIF23, +0.01 pp, at 13.07%; DIF25, +0.02 pp, at 12.04%; DIF27, +0.04 pp, at 11.76%; and DIF29, +0.04pp, at 11.83%.

The agenda of domestic indicators is empty this holiday eve, but the shares of Petrobras (PETR3,PETR4), with the election of the new board of directors of the state-owned company. Analysts expect the management of José Mauro Coelho to the position of CEO to take place today without problems and classify, in general, the impacts of the meeting as neutral to the company.

In the United States, the first phase of the balance sheet season continues with the banks’ results in the first quarter of 2022. Highlight for the numbers of Wells Fargo, which recorded net earnings per share (earning per share) of $0.88 per share, lower than expected. Morgan Stanley posted earnings per share of $2.02, higher than expected. Goldman Sachs (GSGI34) posted Q1 net income of $3.94 billion, above consensus

Twitter shares, meanwhile, soared more than 10% premarket on billionaire Elon Musk’s intentions to buy the company for $41 billion.

If yesterday the New York Stock Exchanges closed with significant gains, today the futures indices operate sideways. The Dow Jones futures advanced 0.14%, while the S&P 500 and Nasdaq futures declined, respectively, 0.14% and 0.11%.

Investors should also follow speeches by Federal Reserve officials, on the day of the release of retail data and weekly data on jobless claims.

In Europe, the highlight was the meeting of the European Central Bank, which kept interest rates unchanged, thus maintaining stimulus measures. The nominal rate practiced by the ECB is currently 0%, but the monetary authority recognizes that inflationary pressures are intensifying and should remain so, with higher energy costs. For the ECB, the development of the continent’s economy depends on the progress of the war in Ukraine. The Stoxx 600 index, whose portfolio is made up of companies from 17 European countries, rose 0.4%.

In Asia, Chinese stocks closed higher after authorities in the country signaled the reduction of bank reserve requirements. Measures to support the economy are being studied, amid the worst Covid-19 outbreak in two years in the country. The Shanghai Stock Exchange closed up 1.22% and Hong Kong’s Hang Seng Index rose 0.67%.

Ibovespa

“Shortest week and without very relevant movements for the IBOV, which remains above the 115,000 support and still has characteristics of correction of the uptrend.”

Dollar

“The bottom test failed, leaving a candle with a lower wick on the 12th and yesterday showed no strength to buy or sell. It remains stable as long as it doesn’t break the 4,620 support or break the 4,800 resistance.”

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