Tuesday’s market is calm with no major Brazil news but awaits key data: February’s S&P Global Composite PMI at 10 AM and the US’s at 11:45 AM.
Attention is on earnings season, with Raia Drogasil and PetroReconcavo’s results in the spotlight. Petrobras’s upcoming dividend announcement is highly anticipated for Thursday.
Itaú BBA’s analysis, led by Fábio Perina, questions the stock market’s slow reaction to trends in American markets. The advice is to wait, as no negative shift has occurred.
The stock market dipped 0.65% to 128,340.54 points on Monday, and the dollar dropped to R$ 4.9474.
This week’s stocks to watch include Even and Lojas Renner.
In the US, markets closed mixed. The Nasdaq felt the impact but stayed near its peak. The Dow Jones dropped after the EU fined Apple.
Today’s Morning Call: Quiet Market Eyes Petrobras Results
Investors are cautious, awaiting Federal Reserve Chair Jerome Powell’s testimony and job market data, which could adjust views on US monetary policy.
The Nasdaq ended down 0.41% at 16,207.51 points, with the S&P 500 and Dow Jones also falling slightly, indicating a careful approach to upcoming financial news.