Traders focus today on Petrobras (PETR4) as its earnings loom, sparked by a R$30 billion ($8 billion) drop after hints of dividend cuts.
Yet, Petrobras plans to release the second dividend installment, offering R$ 0.672182 per share to all shareholders.
The awaited financial details will shape market expectations. A conference call is set for tomorrow, heightening interest.
Yesterday ended well for the stock market, marking a 0.62% rise to 128,890.23 points, while the dollar dipped by 0.21% to R$4.9453.
XP Inc. supports Banco do Brasil (BBAS3) with an upgraded target from R$61 to R$73, following the CFO’s comments on market prejudice.
Other events today might affect market trends. They include fiscal data, ECB decisions, China’s trade stats, and Jerome Powell’s Senate report.
Today’s Morning Call: Trading Eyes on Petrobras
U.S. stocks closed higher, undeterred by Powell’s expected remarks or a financial sector hit from a New York Community Bancorp bailout.
The Dow Jones increased by 0.20%, the S&P 500 by 0.51%, and the Nasdaq by 0.58%.