Ibovespa has six consecutive drops and loses 170 thousand points
Index fell 1.42% on Tuesday (3), after the All Souls' holiday, driven by Petrobras and Vale, and closed at the lowest level since January 19.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM INFOMONEY · 2 MIN
The Ibovespa closed Tuesday (3), the first trading session after the All Souls' Day holiday, with a decline of 1.42%, reaching 165,528 points. According to InfoMoney, it was the index's sixth consecutive drop, and the closing is the lowest since January 19th. The pressure came mainly from the shares of Petrobras (PETR4) and Vale (VALE3).
During the trading session, the price was between 164,446 points, at the floor, and 168,005 points, at the ceiling. In the morning, at 10:20 am, Times Brasil recorded a decline of around 1%, around 165 thousand points. Also according to InfoMoney, the index ended the day below the average lines of 9, 21 and 200 periods on the daily chart, a design that reinforces the recent weakness of the movement.
The fall takes on another dimension when compared to the recent past. The Ibovespa's all-time high of 209,713 points was recorded at the beginning of October, and the index is well below that level.
In the Focus bulletin, a weekly survey by the Central Bank with market projections, the inflation estimate for 2026 increased to 5.22%, compared to 5.19% previously, and the Selic projection increased to 13.50% per year, compared to 13.25% previously. As for economic growth, expectations for GDP fell to 1.76%, compared to 1.80% previously, according to Times Brasil.
In exchange, the commercial dollar was traded in the range of R$5.50. The same publication highlights the Brazilian fiscal scenario and the legislative elections in the United States as concerns. Exame reported that bitcoin fell to US$77,000 on Tuesday. On the American side, the US mid-term legislative dispute, according to the vehicle, tends to give a Democratic majority in the House and Senate, with a possible weakening of Donald Trump's pro-crypto agenda.
What changes for the investor
For those who invest in the stock market, the picture brings together projected interest rates at a high level, lower estimated growth and doubts about public accounts and the electoral scenario. In general, higher interest rates make credit more expensive and make fixed income more attractive compared to stocks, which can maintain pressure on the index until these variables are defined. It is worth monitoring the weight of Petrobras and Vale in the Ibovespa, since they were the ones who caused the fall, and the behavior of the dollar, which affects exporters and companies indebted in foreign currency.
Automatically translated from Portuguese.
