New York futures rise, oil falls more than 4% and Ibovespa opens November down 0.75%
Nasdaq futures advance 0.60%, the dollar remains stable at R$5.44 and WTI drops 4.36%, amid Iran's proposal to reopen Hormuz and industrial PMIs on the radar.
BY THE X-TRADER NEWS NEWSROOM · 3 MIN
The market opened on Monday (2) in different directions. Abroad, New York futures operate higher: Nasdaq rises 0.60%, to 28,705.25 points, S&P 500 advances 0.33% and the Dow gains 0.38%. Oil is the negative highlight, with WTI down 4.36%, at US$99.58. In Brazil, the Ibovespa fell 0.75%, to 167,921.80 points.
Brazil
The Brazilian stock market begins November in decline, after a difficult month. According to Revista Oeste, Ibovespa was the worst investment in October, with a loss of 10%, a movement that the publication attributed to Lula's victory in this year's elections. In the same survey, the dollar and post-fixed fixed income appear among the highest returns of the month.
The dollar operates practically stable, with a slight drop of 0.05%, to R$ 5.44. The DXY index, which measures the American currency against a basket of currencies, falls 0.25%, to 101.62 points. On the domestic agenda, Serasa reports that the number of defaulting individuals reached 84.2 million in September, and the government responds with Desenrola 3.0.
Foreign and oil
In the United States, the VIX, a volatility meter, reached 19.44 points, an increase of 0.10%. The 10-year Treasury yield is at 4.93, down 1.20% on the day. Gold is up 0.22% at US$3,907.60 and bitcoin is down 0.94% at US$77,500.43.
Oil reacts to news from the Middle East. Iran has proposed a seven-step plan and says the Strait of Hormuz can reopen in two days, but Tehran conditions the measure on US acceptance, and the proposal remains under negotiation by mediators. In Europe, Brent falls around 4%, and the Stoxx 600 rises 0.16% in the morning, according to InfoMoney. Asia closed mixed, with semiconductors on the rise in Seoul.
Industrial activity data for October came in mixed. The UK's PMI rose to 52.8 points, Germany's reached 54.2 and the Euro Zone's reached 52.7. In Asia, the Chinese index fell to 52 points, and the Japanese index fell to 53.3, the lowest level in seven months. All remain above 50, the line that separates expansion from contraction.
What to follow
The main point of attention is the outcome of the Iranian proposal for Hormuz and the US response, as oil has been reacting to the issue. Also on the radar are the behavior of interest rates and the monetization of artificial intelligence, cited by investors in Europe, in addition to the Fitch warning mentioned on European stock exchanges. In Brazil, record defaults and Desenrola 3.0 remain in focus. Among the medium-term risks, the Inpe and Inmet bulletin indicates a 95% chance of a very strong El Niño by the end of 2026, which could put pressure on companies' input and freight costs in 2027.
Automatically translated from Portuguese.
