Wednesday’s Morning Call: Spotlight on Key Economic Agenda
Wednesday’s morning call casts a light on pivotal economic data set to impact stock market dynamics and the financial community.
The agenda is packed with crucial updates, ranging from the latest on industrial production to composite PMI indices for February and March.
Detailed Schedule:
- At 09:00, we anticipate February’s industrial production figures from IBGE, setting the tone for manufacturing trends.
- Following at 09:15, the ADP’s report on March’s private sector job growth in the U.S. will provide insights into employment trends.
- The composite PMI index for March, expected at 10:00 from S&P Global, offers a comprehensive view of economic health.
- Additionally, at 10:45, the U.S. version of March’s composite PMI index from S&P Global will further gauge business conditions.
Market Recap
Yesterday’s trading session closed with a notable uplift, with the stock market ascending by 0.44% to 127,548.52 points.
The boost in commodity prices, particularly Brent crude oil reaching $88 a barrel amid Middle East tensions, propelled this growth.
Major companies like Petrobras and Vale benefited from the surge, with Petrobras rising 2.6% and Vale increasing by 1.4%.
The Brazilian Real maintained stability, marginally dropping by 0.02% to R$ 5.058 after the Central Bank intervened to address a specific demand issue.
This move was seen as an effort to curb the real’s recent depreciation and stabilize the currency’s value.
Despite global uncertainties, the dollar showed remarkable stability, dipping merely by 0.02% to settle at R$ 5.0583.
US Market Insights
In contrast, U.S. stock markets faced a downturn on Tuesday.
With the Federal Reserve’s cautious stance on interest rate adjustments, the Dow Jones, S&P 500, and Nasdaq witnessed declines of 1.00%, 0.72%, and 0.95%, respectively.
These movements reflect broader economic sentiment and the central bank’s careful navigation through fiscal policies.
Today’s agenda underscores the interconnectedness of global economic indicators and market sentiments, promising a session rich with insights for keen observers.
Live Market IntelligenceBrazil Morning Call — Live Board
Rio Times · Live Market Intelligence
Brazil Morning Call — Live Board
+2.44%
177,547.57
+2.44%
67,298.78
+0.88%
11,009.22
+0.50%
3,379,771
+0.00%
2,297.00
-0.19%
57,575.02
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| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 177,547.57 | +2.44% | +32.46% | 173,325.65 | — | — | — |
| USD/BRL | 5.06 | +0.05% | -9.11% | 5.05 | 5.06 | 5.04 | — |
| EUR/BRL | 5.77 | -0.53% | -11.60% | 5.80 | 5.78 | 5.76 | — |
| SELIC | 14.25% | — | — | — | — | — | |
| BRENT | 92.69 | -1.47% | +35.29% | 94.07 | 86.64 | 85.01 | 20,063 |
| WTI | 90.18 | +3.86% | +38.21% | 86.83 | 90.72 | 87.32 | 106,794 |
| IRON ORE | 161.91 | — | +64.76% | 161.91 | 161.91 | 1 | |
| GOLD | 4,097 | -1.19% | +20.72% | 4,147 | 4,144 | 4,075 | 49,038 |
| SILVER | 59.01 | -1.68% | +50.24% | 60.02 | 60.36 | 58.87 | 9,447 |
| LITHIUM | 69.00 | -0.12% | +58.73% | 69.08 | 69.65 | 68.95 | 261,058 |
| SOY | 1,244 | +0.87% | +23.66% | 1,233 | 1,245 | 1,236 | 22,801 |
| CORN | 488.50 | +5.74% | +22.58% | 462.00 | 489.25 | 483.00 | 45,489 |
| WHEAT | 705.75 | +0.00% | +30.57% | 705.75 | 710.00 | 698.25 | 16,337 |
| COFFEE | 316.90 | +0.08% | +5.16% | 316.65 | 321.30 | 312.55 | 2,101 |
| SUGAR | 14.79 | +0.34% | -8.93% | 14.74 | 14.86 | 14.73 | 10,061 |
| ORANGE JUICE | 147.50 | +2.57% | -56.17% | 143.80 | 150.50 | 140.55 | — |
| COTTON | 81.64 | +2.22% | +22.55% | 79.87 | 81.75 | 79.75 | 3,651 |
| BEEF | 219.20 | -3.30% | -3.45% | 226.68 | 222.55 | 218.83 | 22,518 |
| CATTLE | 336.15 | -3.83% | +1.40% | 349.55 | 344.00 | 335.00 | 11,864 |
| COCOA | 5,372 | +0.83% | -36.35% | 5,328 | 5,540 | 5,333 | 2,814 |
| PETR4 | 42.58 | +2.21% | +35.82% | 41.66 | 42.74 | 41.97 | 38,183,300 |
| VALE3 | 75.10 | +3.96% | +30.61% | 72.24 | 75.25 | 73.34 | 17,699,600 |
| SUZB3 | 42.66 | +2.47% | -16.78% | 41.63 | 42.69 | 41.65 | 4,974,100 |
| KLABIN | 17.93 | +1.93% | -2.74% | 17.59 | 18.00 | 17.64 | 4,305,400 |
| SLCE3 | 13.96 | +1.53% | -12.41% | 13.75 | 14.01 | 13.71 | 4,319,100 |
| ABEV3 | 16.13 | +2.09% | +20.37% | 15.80 | 16.14 | 15.74 | 28,786,900 |
| ITUB4 | 42.90 | +0.87% | +26.25% | 42.53 | 42.98 | 42.27 | 21,968,600 |
| BBDC4 | 18.97 | +2.26% | +21.37% | 18.55 | 18.97 | 18.50 | 36,435,800 |
| BBAS3 | 21.09 | +1.01% | +6.03% | 20.88 | 21.13 | 20.72 | 19,245,300 |
| B3SA3 | 15.90 | +4.81% | +21.65% | 15.17 | 15.92 | 15.21 | 46,018,300 |
| WEGE3 | 46.74 | +10.05% | +13.12% | 42.47 | 47.06 | 44.80 | 34,056,700 |
| PRIO3 | 59.77 | +2.73% | +40.37% | 58.18 | 59.99 | 58.66 | 5,034,400 |
| RENT3 | 37.14 | +1.61% | +3.74% | 36.55 | 37.57 | 36.42 | 16,101,400 |
| AZZA3 | 17.81 | +1.89% | -50.51% | 17.48 | 17.81 | 17.06 | 1,753,800 |
| CSNA3 | 5.38 | +6.32% | -37.15% | 5.06 | 5.43 | 5.09 | 13,057,800 |
| GGBR4 | 24.06 | +2.43% | +42.28% | 23.49 | 24.09 | 23.46 | 7,453,900 |
| ENEV3 | 25.97 | +2.16% | +88.19% | 25.42 | 26.08 | 25.32 | 5,925,700 |
| LREN3 | 13.54 | +2.03% | -22.27% | 13.27 | 13.59 | 13.29 | 8,223,100 |
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