Friday, August 26, 2016

Ibovespa loses 1300 points of euphoria Yellen to cold water with vice Fed – InfoMoney

SAO PAULO – The Ibovespa went through a rollercoaster session on Friday (26), eventually ending the session virtually unchanged after reaching up 1.62% and 0.80% drop in the maximum and minimum day. Thus, the index ended with a row of 10 weeks following high and finished the accumulated these past five trading sessions with losses of 2.34% to 57,716 points. In this session the trading volume was R $ 7.257 billion. But the commercial dollar closed with strong high of 1.25%, quoted at R $ 3.2713 to buy and R $ 3.2719 on sale.

The week started rather negative and trading of second- Friday (22) ended up defining the losses of the week, with the Ibovespa index retreating 2.2% driven by the oil debacle abroad. In the days that followed, the index followed the international markets, which had little variation watch to see what would be said by the chairman of the Federal Reserve, Janet Yellen, said on Friday in Jackson Hole.

However, no one was prepared for what would happen. At the beginning of the negotiations, recorded slightly higher rate in expectation of speech Yellen. As soon as she started talking, world markets turned to fall, since she said “ the case for higher interest rate has strengthened in recent months.”

However, the continuity of the statements showed that the scenario was not so simple. The stock then proceeded to shoot, reaching up 1.62%, while the dollar sank after Yellen indicate that “even if interest rates remain lower than the average of the past, politics You will be able to respond effectively. ” This encouraged the market who saw the speech as an indication that rising rates will be quite slow. According to Yellen, the neutral interest rate should remain very low if productivity continues to grow slowly.

a few hours later, however, the market got a “cold shower”, promoted by deputy Yellen, Stanley Fischer, to interpret her speech. According to him, the speech of chairwoman was consistent with the high expectations in interest rates this year. For him, there is evidence that the US economy is strengthening. To make matters worse, Fischer said that the economic data and the speech Yellen, conducting two interest high is possible this year.

Before Fischer and Yellen, two other officers Fed had pronounced. Dennis Lockhard (Atlanta), the outlook for monetary policy are still hazy and economic data have been mixed, which does not prevent an austerity cycle still in 2016. “If the economy take its course, I could see a high [interest in] this year, I could also see two tall, nothing is ruled out,” he said. Have Robert Kaplan (Dallas) says that interest rates will rise more slowly than projected earlier.

Still the world’s largest economy, the market digested the data of GDP (Gross Domestic Product), which marked an increase of 1.1% in the second quarter year on year. The number was in line with what was expected of economists surveyed by Bloomberg. The first preview was pointed out that the annualized growth would have been 1.2%.

domestic agenda
Meanwhile, in Brazil, the environment is quite busy, with emphasis on the second day of the final judgment of the impeachment of President Dilma Rousseff away once again marked by controversy and discussion among senators. Check out more details click here.

Among the highlights of the Bovespa, s Vale shares lost strength and fell nearly 2% amid volatile trading session of the Ibovespa. Iron ore fell 3.75% in the Port of Qingdao, China, going to US $ 59.13 a tonne on Friday. Usiminas was prominent high after high recommendation by HSBC reduction for maintenance.

The highest increases among the shares composing the Bovespa index were:

Code. Active Cot R $ % Day % Year Vol 1
USIM5 USIMINAS PNA 3.58 +6.55 +130.97 124,93M
FIBR3 FIBRIA ON 21.36 +2.64 -58.11 105,91M
JBSS3 JBS ON 12.34 +2.24 +4.61 109,95M
BBAS3 BRAZIL ON EJ 22.90 +2.05 +59.82 187,50M
CYRE3 CYRELA REALTON 10.47 +2.05 +43, 31 45,68M

the biggest casualties among the securities that make up the Bovespa Index were:

Code. Active Toc R $ % Day % year Vol 1
CESP6 CESP PNB 13.30 -4.45 -0.14 28,55M
CPLE6 COPEL PNB 33 32 -3.28 +43.17 25,19M
NATU3 NATURA ON 31 , 67 -2.61 +36.26 39,92M
VALE3 VALE ON 17.71 -2.59 +35.92 107,86M
CIEL3 CIELO ON 33.00 -2.51 +18.90 293,18M

the most traded shares, among those that comprise the Bovespa index were:

Code Active Toc R $ Var% Vol 1 Vol 30d 1 Neg
PETR4 Petrobras PN ATZ 12.55 +0.16 637,83M 587,20M 36,459
ITUB4 ITAUUNIBANCOPN 35.73 +1.22 351,03M 403,62M 25,383
VALE5 VALE PNA 15.07 -2.21 345,07M 327,25M 26,081
BBDC4 BRADESCO PN 28.64 +1.38 326,29M 262,44M 23,777
CIEL3 CIELO ON 33.00 -2.51 293,18M 128 , 64M 25,797
ABEV3 AMBEV S / A ON 19.19 0.62 212,39M 233,24M 22,318
BBAS3 BRAZIL ON EJ 22.90 +2.05 187,50M 181,05M 20,165
BRFS3 BRF SA ON 53.79 -0.15 164,88M 117,31M 16,914
BVMF3 BMFBOVESPA ON EJ 17.97 -0.44 148,88M 197,03M 17,367
GGBR4 GERDAU PN ED 9.20 +0.77 145,72M 156,33M 19,537

* – Lot of thousand shares
1 – in real ( K – Mil | M – Million | B – Billion)

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