Markets after Super Wednesday; see what to expect from Ibovespa (IBOV) this Thursday (19) – Money Times

This Thursday (19), the markets react to the decisions of the Banco Central Brazilian to raise the Selic by 0.25 percentage points (pp) and Federal Reserve to cut interest rates by 0.50 pp The two moves met expectations, since monetary tightening was already expected here and easing in the USA (USA).

In Brazil, the unanimity and tone of the Monetary Policy Committee's statement (Copom) will be well received.

The chief economist of NomadDanilo Igliori, highlights that the statement recognizes in the risk assessment all the concerns present among analysts and economic agents. “Even without the so-called forward guidancein my view, Copom did not want to leave any doubts that they will do whatever is necessary to bring inflation to the target”.

Furthermore, the increase in the Selic rate contributes to the process of recovering the collegiate's credibility.

Abroad, the rate market has already begun to interpret the Fed’s action and associated communications. The Committee justified its cut as a “recalibration” of policy.

The US Federal Reserve also released a more detailed dot plot hawkishwhile the SEP forecasts and press conference were largely optimistic.

In the analysis of the TAG Investmentsin Brazil, assets should open the day with an appreciation of the real, a movement in the local stability curve in the shorter vertices and a closing in the longer ones (reflecting a more hawkish).

As for B3, the company's experts see greater dependence on movements on the American stock exchange.

O EWZthe main Brazilian stock ETF traded on the US market, rose 1.73% to US$ 30.55 in pre-opening. Meanwhile, futures for Wall Street are operating at a strong high this morning.

Morning Times: Check out the markets this Thursday morning (19)

Asian stock markets

• Tokyo/Nikkei:+2.15%
• Hong Kong/Hang Seng: +2,00
• China/Shanghai: +0.69%

European stock exchanges (open market)

• Londres/FTSE100: +1,43%
• Paris/CAC 40: +2,05%
• Frankfurt/DAX:  +1,57%

Wall Street (futures market)

• S&P 500: +1,57%
• Dow Jones: +1,16%
• Nasdaq: +2,04%

Commodities

• Oil/WTI: +0.89%, at US$ 71.54 per barrel
• Oil/Brent: +1.07%, at US$ 74.44 per barrel

Cryptocurrencies

• Bitcoin (BTC): +4,79%, a US$ 62.654,0
• Ethereum (ETH): +5,96%, a US$ 2.431,52

Happy Thursday and keep an eye on Money Times for the latest market news!