US stock markets open higher with Democratic victory, dollar falls to R$5.46 and Ibovespa is sidelined before Copom

The market opens this Wednesday (4/11) with an appetite for risk abroad after the Democratic victory in the American legislative elections. S&P 500 futures rose 0.73%, to 7,652.50 points, and Dow futures rose 1.74%, to 52,799.00. The VIX, volatility index, falls 10.66%, to 18.61. The dollar loses strength: the DXY drops 0.63%, to 101.23.

Brazil: Ibovespa stable, dollar falling and Selic on the radar

The Ibovespa opens practically at a standstill, at 165,528.92 points (0.00%), after accumulating the sixth consecutive drop and marking the lowest closing since January. Uncertainty about the economic direction of the future government, the dollar at its highest level of the year and expectations for the Copom weigh heavily.

The commercial dollar drops 0.52%, to R$5.46, in line with the foreign market and the Democratic victory in the USA. The agents' focus returns to Selic: the Central Bank announces the decision only after the end of business.

In corporate news, Itaú recorded R$12.6 billion in recurring profit in the 3rd quarter, with an ROE of 23.6%, but defaults are showing initial signs of tightening. In a press conference, CEO Milton Maluhy cited high interest rates, volatile exchange rates and investors' caution with their portfolios. The balance sheet week continues with BB Seguridade and WEG in the spotlight. Aeris, a manufacturer of wind blades, requested extrajudicial recovery to renegotiate liabilities, and the plan still depends on ratification by shareholders at a meeting.

Abroad: technology remains aside, long interest rates rise

Nasdaq futures oscillate close to stability, down 0.06%, at 28,288.50 points, and the Micro Nasdaq Future has the same movement, at 28,289.50. The Democratic victory reduced uncertainty, according to Bloomberg, and European banks are rising again. Wall Street reviews scenarios in light of the new budget negotiation power in the American Congress.

The 10-year Treasury yield rises 1.19% to 4.95. In the euro zone, inflation reached the highest level in three years, pressured by energy, which anticipates a new phase of monetary tightening. WTI oil falls 1.97%, to US$94.20. Gold rises 2.84% to US$4,052.40 and Bitcoin advances 1.24% to US$78,298.22.

What to follow

The main event is the Copom announcement, after the market closes. Also on the radar are the continuation of the earnings season and the markets' reaction to the new balance of forces in the American Congress. In Brazilian politics, the Senate approved the Security PEC in the 1st round, and the age of criminal responsibility remains for a new PEC. American automakers are asking Congress for a permanent ban on Chinese cars, with a bipartisan proposal pending in the Senate. Among the risks mentioned are European inflation and uncertainty about the economic direction of the next government in Brazil.

Automatically translated from Portuguese.