This Friday’s morning call draws attention to a subdued end to the week, characterized by a notably thin economic agenda.
Investors are left with a few data points: January’s service sector from IBGE and US February industrial production.
With limited information, markets might look back to gauge this week’s performance.
Next week’s Monetary Policy Committee (Copom) meeting is also on the horizon. It will decide Brazil’s Selic rate, which is currently at 11.25%.
Thursday brought a Financial Insight report. It shared Itaú BBA’s analysis of Banco Inter (INBR32), Eztec (EZTC3), and Lojas Renner (LREN3), providing key investor insights.
Today, the focus shifts between past reviews and upcoming events, with Petrobras (PETR4) drawing attention.
Petrobras’ Jean Paul Prates revealed on social media that President Lula and his team decided to withhold dividends.
Notably, the Ibovespa dropped 0.25% to 127,689.97 points on Thursday, and the dollar increased 0.22% to R$ 4.9870.
In the US, stock markets fell Thursday after higher-than-expected inflation data. The initial resistance to this inflation report gave way to risk aversion, influencing US bond yields.
This inflation trend seems to back the Federal Reserve’s careful approach to rate cuts. While Nvidia and Tesla’s stocks fell, other “Big Seven” stocks climbed.
The Dow Jones fell 0.35% to 38,905.66 points, the S&P 500 dropped 0.29% to 5,150.48 points, and the Nasdaq decreased 0.30% to 16,128.53 points, marking a cautious end to the week amid inflation concerns and anticipation for policy decisions.