Oil plummets almost 8% with expectations of a truce, Nasdaq falls 1.39% and gold rises 1.37%
WTI falls to US$ 95.86 with negotiations between Iran and the USA mediated by Qatar. VIX rises 9.27%, Dow rises 0.50% and B3 had no trading session this Monday.
BY THE X-TRADER NEWS NEWSROOM · 3 MIN
The trading session this Monday (2) was one of risk aversion in technology and a sharp drop in oil. The Nasdaq futures fell 1.39%, to 28,138 points, and the S&P 500 futures fell 0.46%, to 7,579. The Dow future went against the grain and rose 0.50%, to 52,180. The VIX, volatility index, advanced 9.27% and was at 21.22.
Brazil: B3 without auction
According to our editors, B3 did not have a trading session this Monday. The Ibovespa appears at 167,921.80 points, with a variation of −0.75% in the available price, with no regular session to confirm a closing. The dollar was at R$5.44, with a slight drop of 0.06%.
In the interest and public accounts news, the proposal to limit the Selic rate scares the market and reignites the debate about accounts and interest. Fiscal adjustment and projections that the tax reform will take the standard rate, with CBS and IBS, above 30% are also on the agenda. A tax expert cited by Revista Oeste warns that simplifying is not reducing the burden. In economic policy, the re-elected governor of Piauí, Rafael Fonteles, remains the state Finance Secretary and continues to be appointed to the Ministry of Finance.
Abroad: oil and technology weigh heavily
Oil was the highlight of the day. WTI fell 7.93%, to US$ 95.86, and Brent also fell more than 7% with the expectation of a truce in the Middle East, in negotiations between Iran and the United States mediated by Qatar. With a barrel below US$100, a gallon of gasoline in the US was US$4.12, according to MarketWatch.
The same hope for dialogue supported gold, which rose 1.37% to US$3,952.40. The 10-year Treasury was at 4.89 (−0.71% on the day) and the DXY, the dollar index, fell 0.14% to 101.73.
In technology, chip stocks face a crisis of confidence. Investors doubt that demand for chips will be sustained, while large technology companies maintain high spending. The scenario, according to the published analysis, is less bleak than it seems. Bitcoin fell 2.04% to $76,637.20.
Among other issues, American automakers asked Congress for a permanent ban on Chinese cars, before lawmakers return after the midterm elections. Snap reached an agreement with two teenagers in the trial about social networks and mental health, in Los Angeles.
What to follow
The market remains attentive to the evolution of conversations between the USA and Iran, which supported the fall in oil and the rise in gold. Also on the radar are the US election, employment data and the return of the US Congress after the midterm elections. In Brazil, the debate about limiting the Selic rate and fiscal adjustment, in addition to the definition of Finance command, remain factors of attention, as well as the resumption of trading at B3.
Automatically translated from Portuguese.
