Inflation data in the US serves to calibrate bets on interest rate cuts in the world’s largest economy.
On a day of a weak agenda and probable reduced liquidity, Ibovespa Futuro operates with a low this Friday (31), on the return from the Corpus Christi holiday, with investors digesting the disclosure of the Personal Consumption Expenditures (PCE) price index in the United States.
The Personal Consumption Expenditures (PCE) price index in the United States stood at 0.3% on a monthly basis and 2.7% annually, in line with the LSEG projections of a 0.3% month-on-month advance and a 2.7% year-on-year increase.
Download a list of 10 Small Caps stocks that, in the opinion of experts, have growth potential for the coming months and years.
At 9:48 am, the futures index with expiry in June fell 0.13%, to 123,205 points.In Wall Street, US futures indices are trading lower, extending losses from the previous day, while waiting for inflation data and speeches from Atlanta Fed President Raphael Bostic.
This morning, the Dow Jones Future was down 0.10%, the S&P500 was down 0.11%, and the Nasdaq Future had a decline of 0.26%.
Ibovespa, Dollar and Foreign MarketsSpot dollar operates 0.18% lower, quoted at R$ 5.199 on the buying and selling side.
The dollar future (DOLFUT) was down 0.05%, going to 5.201 points.Oil prices are trading lower as investors digest comments from Fed officials, who said it was too early to begin considering interest rate cuts, and after a surprising increase in US gasoline inventories that weighed on the market.
Iron ore prices in China closed in the red, with reduced short-term demand and discouraging data on Chinese factories weighing on sentiment.
European markets are trading slightly higher, extending gains from the previous session, as investors digest inflation data from the region, which rose 2.6% in May. Economists surveyed by Reuters expected an increase of 0.1 percentage point compared to the April value of 2.4%.
Asian markets closed without a clear direction, as investors digested a flood of data from the region. Japan’s industrial production numbers showed a surprising 0.1% drop in April from the previous month, against a Reuters survey that predicted a 0.9% increase.
Another set of data showed that core inflation in Japan’s capital, Tokyo, rose 1.9% in May, in line with Reuters’ survey expectations.
South Korea’s industrial production index rose 2.2% on a monthly basis in April, on a seasonally adjusted basis, exceeding Reuters’ survey expectation of a 1.1% increase.
Data from China showed that its industrial sector unexpectedly contracted in May, with the official Purchasing Managers’ Index (PMI) standing at 49.5, compared to 50.4 in April.
