Stealing the spotlight in the market this Thursday (6) is the decision of the European Central Bank (ECB) on monetary policy.
The expectation is that the authority will opt for a 0.25 percentage point cut in its interest rate.If confirmed, it will be the first downward adjustment since September 2019.
President Christine Lagarde will participate in a press conference, where she is expected to signal the next steps for the ECB.
This move by the European Bank may encourage the Federal Reserve to follow the same path.In recent days, US labor market data has brought hope to investors of a beginning of monetary easing between September and November.
The JOLTS and ADP numbers showed a weakening in job creation; now, the market awaits the payroll report, which will be released tomorrow.International stock markets are trading positively, while Wall Street futures are mixed.
What to expect from the IbovespaIn its last trading session, the Ibovespa (IBOV) closed lower, going against the positive trend of Wall Street. The IBOV has been falling in recent weeks, reaching its sixth consecutive day in the red.
The index closed down 0.32% at 121,407.33 points, according to preliminary data.On the other hand, EWZ, the main Brazilian stocks ETF traded in the US market, opens stable.With no major indicators scheduled for the day, Brazilian investors are focused on the impact of the ECB decision.
Central Bank President Roberto Campos Neto also participates in two events, where he is expected to maintain his cautious stance on the next steps for the Selic rate.Morning Times: Check the markets in the morning of this Thursday (06)Asian marketsTokyo/Nikkei: +0.55%Hong Kong/Hang Seng: +0.28%China/Shanghai:
-0.54%European markets (open market)London/FTSE100: 0.34%Frankfurt/DAX: +0.64%Paris/CAC 40: +0.41%Wall Street (futures market)Nasdaq: +0.04%S&P 500: -0.03%.
Dow Jones: -0.02%CommoditiesOil/Brent: +0.27%, at $78.62 per barrelOil/WTI: +0.36%, at $74.34 per barrelIron ore:
+0.96%, priced at $115.89 per ton in DalianCryptocurrenciesBitcoin (BTC): +0.19%, at $70,941Ethereum (ETH): +1.36%, at $3,847Have a great Thursday and stay tuned to Money Times for the latest market news!