International stock markets had a falling start to the week, reflecting the markets' enthusiasm with the optimistic policies adopted by the Central Bank and the Federal Reserve last week. The global economic scenario appears to be facing turbulence after a brief moment of relief.
The week begins with international stock markets falling, after a period of optimism caused by statements from the Brazilian Central Bank and the United States Federal Reserve. Roberto Campos Neto reaffirmed that the Monetary Policy Committee (Copom) will maintain the trend of 0,50 percentage point cuts in the Selic rate. Meanwhile, Jerome Powell signaled that the American central bank may pause its monetary tightening policy, keeping the interest rate between 5,25% and 5,50%.
Now, investors are waiting for new economic data to decide on the possibility of a pause in interest rates in the United States and cuts in Brazil. The national highlight is the Gross Domestic Product (GDP) of the third quarter, while in the USA, a series of employment data, such as the ADP Report, JOLTs and payroll, will influence decisions.
Asian stock markets started the day falling, while European ones are operating with negative variations, while the Wall Street futures market is also showing a downward trend, along with the fall in commodities, such as iron ore and oil.
- 'It's still too early to make decisions on whether to increase oil supply': OPEC+ group needs to be cautious before any significant adjustment in production
- The Sepetiba platform vessel is the promising future of the pre-salt layer with the milestone of 180 thousand barrels of oil per day.
- Billion-dollar investment of R$4,5 billion in oil by Prio in Espรญrito Santo is on hold due to lack of license
- Petrobras in check: the soap opera of the refinery buyback that destabilizes investors and raises questions about the future of the market
So far, the instability in international markets indicates caution and increased attention on the part of investors.
Source: moneytimes