Why does the index collapse this Tuesday? – Times of money

At the same time, only the action of the I live rose (Image: Pixabay)

The Ibovespa collapses this Tuesday (16th) in a negative external scenario. Around 1pm the index fell by 1.50%, thus losing 130 thousand points.

According to analysts, the decline reflects profit-taking, along with a global flow that does not favor the stock markets of emerging countries, such as Brazil.

“We have highlighted the need for international flows to our stock exchange and highlighted a negative scenario for China. We have detected a trade-off in the upward trend of European indices. however, the United States of America stay more resilient. Today it is a correction movement,” emphasizes Victor Benndorf, of the brokerage agency that bears his surname.

Again according to Luís Novaes, from Land Investmentsthe market has resumed “the cautious attitude of recent weeks” given the lack of catalysts for risky assets.

According to Novaes, North American investors are confident that the first interest rate cut in the United States will occur in March, but government officials Federal Reserve and several economists do not show the same confidence, in a context of risks to inflation, such as tensions in the Middle East.

Now financial agents await comments from the head of the Federal Reserve Christopher Waller this Tuesday, looking for clues about his opinion on when to ease credit conditions.

Bruno Komura, of Potenza Investimentos, also recalls that we had the director of the ECB (European Central Bank) who said that interest cuts should not happen soon “and the same could happen with the Fed”.

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“Also, data has emerged in the US showing that the economy is slowing down and that is a bit scary due to the fear of recession. The banks that released the results were negative (Goldmann And Morgan Strangeley) and ends up dragging our banks,” he adds.

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Only a share gets on the Ibovespa

At the same time, only the action of the I live (VIVT3) rose. MRV Engenharia (MRVE3) And Bank of Brazil (BBAS3), which were increasing, turned into decreasing.

Among the biggest losers on the Brazilian index during the day were shares of Blue (AZU4), with -5.87%, Raizen (RAIZ4), -5.75%, e.g Luiza magazine (MGLU3), -5.70%.

Com Reuters

Assistant editor

A graduate of the Universidade Presbiteriana Mackenzie, he has been covering markets since 2018. He was among the 50 most admired journalists of Economy and Finance Press in the 2022 and 2023 editions. He is assistant editor of Money Times. Previously, he worked in the press office of the Public Ministry of Labor and as a reporter for the Suno Notícias portal, by Suno Research.

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A graduate of the Universidade Presbiteriana Mackenzie, he has been covering markets since 2018. He was among the 50 most admired journalists of Economy and Finance Press in the 2022 and 2023 editions. He is assistant editor of Money Times. Previously, he worked in the press office of the Public Ministry of Labor and as a reporter for the Suno Notícias portal, by Suno Research.

2024-01-16 16:35:00
#index #collapse #Tuesday #Times #money

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