INSUBCONTINENT EXCLUSIVE:
The Ibovespa index experienced a slight decline, pressured by Vale (VALE3) and the negative atmosphere from Wall Street
This downturn marked the first negative day for U.S
The dollar also saw a minor increase, ending the session at R$ 5.7714, equivalent to approximately $1.01.Local investors reacted to the
Last week, the committee raised the benchmark interest rate by 50 basis points, bringing it to 11.25% per year.The minutes emphasized a
commitment to aligning inflation with targets, which is crucial for maintaining credibility in economic policy.The document noted that the
current economic landscape shows resilience in activity but also highlights inflationary pressures and a positive output gap
given current economic conditions and uncertainties ahead.However, they acknowledged that future economic conditions could prompt an
acceleration in rate hikes depending on fiscal developments.Amidst these shifts, stock performance varied significantly
Oi (OIBR3) shares plummeted over 60% during trading after the telecom company, currently in judicial recovery, announced a general assembly
2024/2025 harvest season, totaling R$ 187.5 million (approximately $32.93 million).Although BTG Pactual found the results above
(SBSP3) reported gains following favorable earnings announcements
PETR3) saw slight gains as oil prices increased, making it one of the most traded stocks of the day
Federal Reserve officials, including Richmond Fed President Thomas Barkin
He stated that Fed members are prepared to respond if inflationary pressures escalate or if the labor market weakens.Barkin described a
strong yet selective consumer base alongside a more productive workforce as positioning the economy well
His comments followed a recent 25 basis point cut in Fed rates, adjusting them to between 4.50% and 4.75%.The closing figures for major U.S
indices were as follows:S-P 500: -0.29%, at 5,983.99 pointsDow Jones: -0.86%, at 43,910.98 pointsNasdaq: -0.09%, at 19,281.40 pointsIn
Europe, major stock indices also fell sharply, reaching their lowest levels in nearly three months due to concerns about U.S.-European
decline since early August.This market activity underscores ongoing economic uncertainties and highlights the importance of self-reliance in
investment strategies amidst fluctuating conditions.
