Ibovespa (IBOV) opens the week celebrating the Lunar New Year, paralyzing activity in much of Asia and leaving the Brazilian stock exchange without reference to Chinese business. This divides investors' attention between New York and the local scene.
However, it may also seem that financial markets have nothing to do with the arrival of the Year of the Water Rabbit. But where does it say that money is flowing in search of liquidity?
In Eastern tradition, the beast reigns at a time favorable to diplomacy. And this deserves attention at a time when Pau-Brasil is trying to reintegrate itself into the global sphere. Therefore, President Luiz Inácio Lula da Silva's first international trip stands out.
Starting tomorrow (June 24th) he will participate in the meeting of Latin American and Caribbean communities (Celac). Countries that are part of the bloc must begin negotiations to create a common currency in the region.
Ibovespa organizes sessions even on holidays.
So while the other side of the world takes a break there will be no time to rest. Even on the Wednesday holiday in São Paulo, due to the city's anniversary, B3's work will not be off.
Furthermore, one day earlier, on Tuesday, a preliminary analysis of official inflation for the Brazilian consumer for the month was published. The IPCA-15 will guide the interest rate decision of the Monetary Policy Committee (Copom) next week and will show whether inflationary pressures are still accumulating.
Even more so with the fuel tax exemption coming to an end. One day after the holiday on Thursday (26), attention turns abroad, where the first preview of the United States' Gross Domestic Product (GDP) comes out.
After signs of a slowdown in consumer inflation and the American job market, it is still worth noting that the economy of the United States will lose momentum? Mixed together, these indicators tend to solidify bets for a less aggressive Fed in the first meeting of this year.
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Prepare for the Year of the Rabbit
However, now that the world is under the rule of the water hare, the investor must integrate the characteristics of the animal. Known for its agility and cunning, the advice for investors is to stay alert and have an escape plan ready.
Furthermore, Western tradition calls the hare a symbol of fertility. He reminds you not to put all your eggs in one basket. Although rabbits don't lay eggs, diversification is the lifeblood of any business. However, the risk of a recession in the United States remains hidden.
Check the performance of the world market at around 7:50 am:
USA: Dow Jones Futures rose 0.01 1TP3Q, S&P 500 fell 0.08 1TP3Q; while Nasdaq -0.08 %;
New York: the dollar-denominated Ibovespa (EWZ) rose 1.41 % in the pre-market; In ADRs, the vouchers remained stable while Petrobras fell 0.96 %;
Europe: Stoxx 600 across Europe increased slightly by 0.06 %; The Frankfurt stock exchange fluctuated +0.04 %; Paris added 0.04 % and London added 0.18 %;
Exchange: DXY index falls 0.22 % to 101.79 points; the euro rose 0.42 % to US$ 1.0903; the pound fell 0.12 % to US$ 1.2379; the dollar rose 0.33 % against the yen to ¥129.93;
Treasuries: The yield on 10-year T-bonds was 3,500 %, down from 3,480 % in the previous session; the yield on 2-year darling bonds was 4.190 %, compared to 4.194 % in the same comparison;
Commodities: Gold futures rose 0.02 % to US$ 1,928.60 an ounce on Comex; WTI oil futures rose 0.67 % to US$ 82.19 a barrel; Brent crude rose 0.76 % to US$ 88.30 a barrel.
