Dollar rises at $ 5.68 with exterior after commercial truce between China and USA; Ibovespa is stable

The ended the session on Monday (12), high in the local market, following the global wave of valuing the US currency, especially compared to strong currency. The agreement on tariffs between the United States and China, albeit provisional, softened fears of a recession in the world’s largest economy and brought back the appetite for US assets. Investors gave a agenda in the global portfolio rotation that began in mid -April, which had favored emerging emerging people, and again forming dollar positions and bags in New York. Commodities such as iron ore and oil recovered, which partially mitigated the pressures on the real

With a maximum of R $ 5,7060 in the afternoon, the cash dollar closed up 0.52%, to R $ 5,6840. Given the repique of this Monday, the currency re -gains from the real in the month (+0.13%). In the year, the dollar accumulates low of 8.03%. Over the weekend, the United States and China signed an agreement with 90 -day suspension of import rates greater than 100% that imposed mutually. The US will reduce rates on Chinese products from 145% to 30%. China, in turn, will decrease its rates on US products from 125% to 10%.

In the early afternoon, President Donald Trump said that a “total redefinition” was achieved with China in negotiations in Switzerland and does not want to harm the Chinese, which were very “friendly”. “I’ll talk to Xi Jinping later this week… Maybe,” said Trump, in reference to the Chinese leader. In the morning, United States Treasury Secretary Scott Bessent, said in an interview with Bloomberg TV, that “it is implausible” that China tariffs fall below 10%. He said China should boost consumption and open its market, warning of the possibility of returning from rates to levels announced in April.

Ibovespa

The rehearsed hitch to hide high toward the closure, after the indecision between gains and losses in most of the session, where it operated far from what was seen on Monday, 12, in New York. There, risk appetite was induced early on the 90 -day commercial truce signed by the United States and China, which improves the perspective for both economies, the largest in the world.

Thus, after the B3 funds were admitted from April for a portfolio rotation -given the fear that the US could enter recession -the disconnection seen on Monday between São Paulo and New York suggests that a reversal may be on its way, with the resumption of demand for US assets. The dollar closed up 0.52%, at R $ 5,6840, and also advanced against references such as Euro, Iene and Libra, among others, which are part of the DXY index basket.

At the end, the Ibovespa was stable, in positive bias (+0.04%), at 136,563.18 points, while in New York, Monday’s advance was 3.26% for the large index (S&P 500) and 4.35% for technological (NASDAQ). In B3, the turnover was R $ 24.4 billion, with the reference index of a minimum of 136,355.93 and maximum of 137,519.33 points in the session, which started at 136,516.27. In the month, Ibovespa rises 1.11% and, in the year, accumulates gain of 13.53%.

With the 125% to 10% reduction in reciprocal tariffs provided by the US and China truce -even though the White House has maintained an additional 20% tariff over Chinese products -investors resumed appetite for actions in New York, with the perception that a US recession will be avoided amid decompression of trade war.

In B3, the recovery also provided in commodity prices boosted Vale (On +2.51%) and Petrobras (ON +2.71%, PN +2.39%), which in the end imposed on the correction between large banks, which come from good quarterly results – the low of this Monday reached 2.01%in the main action of the sector (Itaú PN), in closure. At Ibovespa’s winning tip, highlight for Braskem (+6.05%), prio (+5.15%) and Magazine Luiza (+4.65%). On the opposite side, IRB (-4.51%), Marcopolo (-3.52%) and course (-3.03%).

*With information from Estadão Content
Posted by Fernando Dias