Nasdaq opens sharply lower with Intel and Amazon; dollar rises to R$5.44 and Ibovespa remains stable
Nasdaq futures fall 2.66% after weak projection from Intel and Amazon balance sheet, VIX rises 8.14% and oil advances; in Brazil, lateral Ibovespa and unemployment at 5.2%
BY THE X-TRADER NEWS NEWSROOM · 3 MIN
This Friday's trading session (30) begins with risk aversion abroad and calm on the Brazilian stock exchange. The Nasdaq future drops 2.66%, to 28,776.75 points, while the Ibovespa remains practically stable (−0.02%, to 169,152.48 points). The dollar rises 1.11%, to R$5.44, and the VIX increases 8.14%, to 18.60.
Brazil: Ibovespa lateral and dollar under pressure
The Stock Exchange opens without a defined direction. The market follows the economic policy of Lula's fourth term, after his re-election, and Vale's balance sheet. The Ibovespa Futuro fell 0.37%, to 170,620 points, amid this climate of caution.
In exchange rates, the dollar rises on Friday marked by the formation of Ptax, an end-of-month reference. The DXY, which measures the American currency against a basket of currencies, falls 0.18%, to 101.85 points. The rise of the dollar in Brazil, therefore, does not follow the global movement.
In the day's data, IBGE showed that unemployment fell to 5.2% in the quarter ended in September, the lowest level in the series started in 2012 for the period, with 5.6 million unemployed people, in line with market projections. In the euro zone, the rate was 6.5%, stable and above consensus. The 10-year Treasury reads 4.94 (−1.04% on the day).
On the political front, analyst Ricardo Ribeiro, from 4intelligence, sees the risk of stumbling in the first year of the new government and points to fiscal policy as a point of attention. Rafael Fonteles, re-elected governor of Piauí and listed for Finance, defends cuts in privileges to seek fiscal balance, without changing social programs, and says that the debt trajectory could open up space for lower interest rates.
Abroad: technology weighs heavily on New York
The weight is in technology. Intel shares fall sharply in the pre-market after a lower-than-expected forecast for personal computers, and Amazon's earnings increase the pressure on the Nasdaq. The S&P 500 future falls 1.12%, to 7,667.25 points, and the Dow Jones future loses 0.13%, to 52,445 points. The Micro Nasdaq future follows the full index, down 2.65%.
In oil, WTI rises 1.70%, to US$ 103.73 a barrel. President Donald Trump predicted the end of the war with Iran soon and demanded a guarantee that Tehran will never have an atomic weapon. The energy sector is also in focus: Exxon's slide, presented after the third quarter balance sheet, brings together profit forecasts from Chevron and BP at a time of heavy refining. Gold falls 2.05% to US$3,948.70 and Bitcoin drops 0.80% to US$77,169.88.
At another point, Embraer announced the split of ADSs: the proportion will be 1 ADS for 1 common share in November, with credit of three extra ADSs per share. According to Money Times, the Trump administration does not intend to support Flávio Bolsonaro's thesis of being Brazil's leader after his defeat to Lula.
What to follow
The focus is on the formation of Ptax and Vale's balance sheet, in addition to the unfolding tensions over the nuclear agreement with Iran, which influence oil. The performance of technology shares is also on the radar following the results of Intel and Amazon, which put pressure on the Nasdaq.
In the domestic news, the deadline for Simples Nacional companies to choose between the pure and hybrid IBS and CBS payment model ends this Friday. The definition of the new government's economic team and fiscal policy remains under observation. Uncertainty measured by FGV (IIE-Br) fell 1.8 points in October, to 109.0 points, but with greater dispersion between market projections.
Automatically translated from Portuguese.
