Today, Tuesday, offers a packed economic agenda internationally, but in Brazil, attention pivots around the ongoing speculation about the Selic rate.The Central Bank’s Committee on Monetary Policy (Copom) meeting starts today and concludes on Wednesday, marking a significant point of focus.Here’s a brief overview of today’s economic events:Morning: The Copom meeting commences.06:00 AM: May inflation rates for the Eurozone.09:30 AM: U.S.
retail sales data for May.10:15 AM: U.S.
industrial production figures for May.Tuesday’s Morning Call: Key Investor Updates and Global Economic Schedule.
(Photo Internet reproduction)However, economic schedules aren’t the sole concern for those following the markets.Tuesday’s Morning Call: Key Investor Updates and Global Economic ScheduleBefore market open, here are essential updates you need to know this Tuesday:Stock Market Recap: The stock market experienced a downturn, closing at 119,138 points, down 0.44%.Policy Updates: Finance Minister Fernando Haddad presented a proposal for budget cuts to President Lula yesterday afternoon.
This is part of a broader market response to public account balancing needs.
Further details can be accessed online.Market Watch: BTG maintained a buy recommendation for Localiza (RENT3) shares but lowered the target price from R$90 to R$70.
Morgan Stanley upgraded its recommendation for Itaú (ITUB4) from ‘neutral’ to ‘buy’.U.S.
Stock Market Trends: The New York stock exchanges ended higher, with the S-P 500 and Nasdaq setting new historical records, driven by a rally in stocks benefiting from high demand for generative AI.
This occurred despite conservative signals from the Federal Reserve, leading to a U.S.
interest rate hike.
The Dow Jones advanced 0.49% to 38,778.10 points; the S-P 500 rose 0.77% to 5,473.23 points; and the Nasdaq increased by 0.95% to 17,857.02 points.This summary captures the essential data and developments affecting markets, providing investors with a concise overview to start their day informed.
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