(Image: Money Times)
O Ibovespa operated stable, with a slight increase, this Friday (4), with the release of the Payroll and challenges linked to fiscal conditions and the interest rate scenario in Brazil.
The index closed up 0.09%, at 131,791.55 points, accumulating a drop of 0.7% for the week.
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According to Christian Iarussi, capital markets expert and partner at The Hill Capital, the jobs report for USA was the main driver of the market. The data exceeded market expectations with the creation of 254 thousand jobs in September, pushing Wall Street for top.
“This data reinforced the view that the Federal Reserve will be less aggressive in interest cuts”, he stated. Despite this, Iarussi highlighted that the impact ended up being limited, due to caution around economic risks.
Although the external scenario helped the Brazilian stock market, the expert highlighted that the Ibovespa was unable to follow the upward movement due to local issues.
“The lack of significant inflow of external capital and uncertainty about local monetary policy keep the index under pressure”, he explains.
Furthermore, the poor performance of Vale (ELECTION 3) e Petrobras (PETR4) also weighed the index during the session.
The ups and downs of Ibovespa
A Yduqs (YDUQ3) rose 8.54%, in a recovery movement after a weak performance in recent months. In the last 30 days, the share has accumulated a drop of x% and, in the year, a drop of x%.
“This recovery is a response to the challenges faced by the education sector,” stated Iarussi.
Furthermore, the Locate (RENT3) also stood out in today's session, closing up 3.31%. The company rose after the Moody's Agency raised its credit rating from 'Ba2' to 'Ba1', reflecting the improvement in Brazil's rating.
Still at high levels, the Embraer (EMBR3) rose 2.21%, supported by positive expectations of a heated international market.
“The company has a favorable operating scenario that should lead to an improvement in its profitability.”
On the negative side, the actions of CSN (CSNA3) e CSN Mineração (CMIN3) plummeted 2.63% and 11.39%, respectively. The downward movement reflects the decline in iron ore on the international market.
The actions of Let's go (VAMO3) also faced a drop of 2.95%, marking the fourth consecutive day of devaluation. The company has already seen a significant loss of almost R$1 billion in market value this week alone, returning to the lowest level since its IPO in 2021.