The day started strong for the Ibovespa index but ended with a significant decline of 0.58%, closing at 123,779.54 points, losing over 700 points. The commercial dollar also decreased by 0.35%, settling at R$5.154 for buying and R$5.153 for selling.
Despite the first maturing dollar futures contract on B3 dropping 0.26%, the day began with optimism due to lower-than-expected IPCA-15 inflation index.
However, concerns arose about the recent tragedy in Rio Grande do Sul impacting food prices. Some economists viewed the IPCA-15 as better than expected, while others pointed to the resilience of service inflation.
Market movements were also influenced by global trends, with the Dow Jones falling, the Nasdaq reaching a record high, and U.S. Treasury yields rising.
In the Brazilian stock market, Petrobras saw a rise of 2.13%, MRV and GPA also had gains, while Vale fell due to declining iron ore prices. Banco do Brasil dropped, and Magazine Luiza and BRF also experienced declines despite some positive factors.
Investors must closely monitor these economic indicators and global dynamics to navigate challenges effectively and manage financial risks.