Fiscal caution puts pressure on the Ibovespa, which drops 0.95% with ore rising and foreign exchanges falling

The Ibovespa fell this Thursday and, at 12:40 pm (Brasília time), fell 0.95%, to 169,360 points, according to InfoMoney. The index had opened at 171,006.10 points and reached a maximum of 171,402.97 points, after advancing 0.23% before the turnaround. The day's low was 169,156 points.

The report points to domestic fiscal caution as one of the factors putting pressure on the Brazilian stock market. The theme, which gives its name to the InfoMoney headline, shows an investor paying attention to public accounts, at a time when the disclosure agenda has not yet brought answers.

Abroad, North American stock markets were also falling, which added weight to investors' mood. In parallel, iron ore rose 2.4% on the Dalian stock exchange, in China. The headline associates this movement with the wait for Vale, but the data collected does not detail this relationship.

In oil, prices were falling. Petrobras (PETR4), in turn, appears with growth in oil production, an operational data that contrasts with the drop in product prices.

Still on the agenda, the release of the IGP-M and fiscal data is planned in Brazil. For investors who follow economic policy, these numbers are relevant because they help to measure whether concerns about public accounts are based on the indicators.

What changes for the investor

The day shows a market sensitive to two factors at the same time: internal fiscal uncertainty and the mood of external stock exchanges. The rising ore and Petrobras' growing production are signs of specific sectors, while the Ibovespa reflects the group of shares. It is worth monitoring the IGP-M and tax data, which can reinforce or alleviate the aforementioned caution. This article is not a recommendation to buy or sell and does not predict price developments.

Automatically translated from Portuguese.