Morning Call
Brief
Tuesday’s Morning Call: Key Investor Updates and Global Economic Schedule
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June 18, 2024
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2 min read
Today, Tuesday, offers a packed economic agenda internationally, but in Brazil, attention pivots around the ongoing speculation about the Selic rate.
The Central Bank’s Committee on Monetary Policy (Copom) meeting starts today and concludes on Wednesday, marking a significant point of focus.
Here’s a brief overview of today’s economic events:
- Morning: The Copom meeting commences.
- 06:00 AM: May inflation rates for the Eurozone.
- 09:30 AM: U.S. retail sales data for May.
- 10:15 AM: U.S. industrial production figures for May.
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Tuesday’s Morning Call: Key Investor Updates and Global Economic Schedule
Before market open, here are essential updates you need to know this Tuesday:
- Stock Market Recap: The stock market experienced a downturn, closing at 119,138 points, down 0.44%.
- Policy Updates: Finance Minister Fernando Haddad presented a proposal for budget cuts to President Lula yesterday afternoon. This is part of a broader market response to public account balancing needs. Further details can be accessed online.
- Market Watch: BTG maintained a buy recommendation for Localiza (RENT3) shares but lowered the target price from R$90 to R$70. Morgan Stanley upgraded its recommendation for Itaú (ITUB4) from ‘neutral’ to ‘buy’.
- U.S. Stock Market Trends: The New York stock exchanges ended higher, with the S&P 500 and Nasdaq setting new historical records, driven by a rally in stocks benefiting from high demand for generative AI. This occurred despite conservative signals from the Federal Reserve, leading to a U.S. interest rate hike. The Dow Jones advanced 0.49% to 38,778.10 points; the S&P 500 rose 0.77% to 5,473.23 points; and the Nasdaq increased by 0.95% to 17,857.02 points.
This summary captures the essential data and developments affecting markets, providing investors with a concise overview to start their day informed.
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Brazil Morning Call — Live Board
Ibovespa · benchmark
177,310.14
-0.13%
-0.13%
L 176,293day rangeH 177,896
+30.86% over 12 months
Market breadth · 33 names
30% advancing
10 ▲ advancing23 declining ▼
Currencies, rates & key inputs
USD / BRL
5.08
+0.51%
EUR / BRL
5.78
-0.37%
Selic rate
14.25%
·
Brent crude
86.95
-7.57%
Iron ore
161.91
·
Sector heatmap · average move today
Energy
+2.07%
PETR4, PRIO3
Mining
+1.86%
VALE3, CSNA3, GGBR4
Consumer Staples
-0.40%
SLCE3, ABEV3
Other
-0.50%
BRENT, WTI, IRON ORE, GOLD
Financials
-0.99%
ITUB4, BBDC4, BBAS3, B3SA3
Utilities
-1.00%
ENEV3
Materials
-1.36%
SUZB3, KLABIN
Industrials
-2.02%
WEGE3, RENT3
Consumer Disc.
-2.32%
AZZA3, LREN3
Latin America scoreboard
IndexLastTodayStrength
IbovespaBrazil
177,310.14
-0.13%
177,310.14
-0.13%
S&P/BMV IPCMexico
67,298.78
+0.88%
67,298.78
+0.88%
S&P IPSAChile
11,020.34
+0.10%
11,020.34
+0.10%
S&P MERVALArgentina
3,356,435
-0.69%
3,356,435
-0.69%
MSCI COLCAPColombia
2,313.99
+0.74%
2,313.99
+0.74%
BVL S&P PerúPeru
57,575.02
—
57,575.02
—
Full instrument board
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 177,310.14 | -0.13% | +30.86% | 177,547.57 | 177,896 | 176,293 | — |
| USD/BRL | 5.08 | +0.51% | -8.68% | 5.05 | 5.09 | 5.04 | — |
| EUR/BRL | 5.78 | -0.37% | -11.46% | 5.80 | 5.79 | 5.76 | — |
| SELIC | 14.25% | — | — | — | — | — | |
| BRENT | 86.95 | -7.57% | +26.92% | 94.07 | 87.09 | 85.01 | 38,761 |
| WTI | 91.87 | +5.80% | +40.80% | 86.83 | 92.16 | 87.32 | 220,336 |
| IRON ORE | 161.91 | — | +64.76% | 161.91 | 161.91 | 1 | |
| GOLD | 4,061 | -2.08% | +19.64% | 4,147 | 4,144 | 4,043 | 107,698 |
| SILVER | 58.05 | -3.29% | +47.78% | 60.02 | 60.36 | 57.32 | 25,971 |
| LITHIUM | 68.98 | -0.04% | +58.67% | 69.00 | 69.68 | 68.98 | 59,166 |
| SOY | 1,243 | +0.81% | +23.59% | 1,233 | 1,249 | 1,236 | 85,250 |
| CORN | 484.75 | +4.92% | +21.64% | 462.00 | 489.50 | 483.00 | 119,655 |
| WHEAT | 696.25 | -1.35% | +28.82% | 705.75 | 710.25 | 693.00 | 46,050 |
| COFFEE | 311.20 | -1.72% | +3.27% | 316.65 | 321.30 | 310.60 | 6,998 |
| SUGAR | 14.71 | -0.20% | -9.42% | 14.74 | 14.90 | 14.67 | 31,759 |
| ORANGE JUICE | 147.35 | -1.96% | -56.22% | 150.30 | 148.80 | 144.10 | 152 |
| COTTON | 81.49 | +2.03% | +22.32% | 79.87 | 81.75 | 79.75 | 7,345 |
| BEEF | 220.45 | -1.23% | -2.90% | 223.20 | 221.90 | 217.38 | 10,554 |
| CATTLE | 338.55 | -0.77% | +2.12% | 341.17 | 340.50 | 333.00 | 5,591 |
| COCOA | 5,255 | -1.37% | -37.74% | 5,328 | 5,411 | 5,165 | 8,939 |
| PETR4 | 43.31 | +1.71% | +35.39% | 42.58 | 43.49 | 43.10 | 9,962,000 |
| VALE3 | 76.74 | +2.18% | +33.58% | 75.10 | 77.07 | 74.51 | 6,703,600 |
| SUZB3 | 42.19 | -1.10% | -18.47% | 42.66 | 42.82 | 42.14 | 759,700 |
| KLABIN | 17.64 | -1.62% | -4.57% | 17.93 | 17.92 | 17.64 | 891,900 |
| SLCE3 | 13.97 | +0.07% | -12.94% | 13.96 | 14.06 | 13.82 | 778,000 |
| ABEV3 | 15.99 | -0.87% | +17.73% | 16.13 | 16.11 | 15.95 | 4,607,300 |
| ITUB4 | 42.53 | -0.86% | +23.75% | 42.90 | 42.87 | 42.40 | 11,842,600 |
| BBDC4 | 18.78 | -1.00% | +18.39% | 18.97 | 18.99 | 18.75 | 5,742,900 |
| BBAS3 | 20.94 | -0.71% | +3.61% | 21.09 | 21.08 | 20.78 | 10,751,400 |
| B3SA3 | 15.68 | -1.38% | +17.33% | 15.90 | 15.82 | 15.60 | 10,533,900 |
| WEGE3 | 45.42 | -2.82% | +19.44% | 46.74 | 46.86 | 45.23 | 6,537,900 |
| PRIO3 | 61.22 | +2.43% | +44.15% | 59.77 | 61.35 | 60.56 | 2,808,800 |
| RENT3 | 36.69 | -1.21% | +1.32% | 37.14 | 37.19 | 36.03 | 8,799,300 |
| AZZA3 | 17.30 | -2.86% | -53.39% | 17.81 | 17.71 | 17.23 | 538,800 |
| CSNA3 | 5.50 | +2.23% | -37.51% | 5.38 | 5.61 | 5.32 | 5,237,600 |
| GGBR4 | 24.34 | +1.16% | +41.35% | 24.06 | 24.41 | 23.83 | 1,396,300 |
| ENEV3 | 25.71 | -1.00% | +83.42% | 25.97 | 25.80 | 25.45 | 768,000 |
| LREN3 | 13.30 | -1.77% | -24.56% | 13.54 | 13.48 | 13.28 | 1,532,400 |
Largest moves today
The session read
The Ibovespa eased 0.13%, with breadth negative — 10 of 33 names higher. Energy led, while Consumer Disc. lagged.
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