Ibovespa Futuro operated with a significant drop in the early businesses of Friday (4), pressured by the intensification of the trade war. The movement occurs after China announces the imposition of 34% tariffs on all products imported from the United States, in response to the Trump government announced by the High Tariffs this week. According to a statement from the Tariff Committee of the State Council, the new Chinese tariffs come into force on the 10th.
In the midst of this scenario, global investors are still looking for protection while awaiting employment data and speeches by the Federal Reserve President (Fed).
At 09h04 (Brasília time), the future rate with maturity in April fell 1.98%, to 129,195 points.
It is in the face of this scenario that Federal Reserve President Jerome Powell will speak on Friday, expanding a growing debate in the US Central Bank about new Trump government policies are more likely to stimulate increased inflation or harm growth and employment.
The day will also have the release of the US Government Employment Report at 9:30 am, which is expected to shut down in March amid public sector employees to reduce federal government spending and the reluctance of companies to increase hiring due to import tariffs that endangered the health of the economy.
In the national scene, President Luiz Inacio Lula da Silva travels to Pará, where he has a meeting with Chief Raoni Metuktire.
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Regarding Brazil’s posture in the face of the new trade environment with the world’s largest economy, Vice President Geraldo Alckmin stressed that the government is seeking to negotiate and warned of possible deviations on import and export guidelines, emphasizing that the Mercosur European Union agreement can accelerate in this scenario.
In Wall Street, the Dow Jones Futuro operated with a 3.49%drop, S & P500 had 3.49%devaluation and Future Nasdaq fell 3.60%.
Ibovespa, dollar and foreign market
In B3, the first -due date, the first due dollar contract rose 1.56%at 5,750 points.
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Asia-Pacific markets closed with low, following the sharp losses on Wall Street after US President Donald Trump’s fares shocked global markets.
Hong Kong and China markets are closed due to the Qingming festival.
European markets operate in the red, expanding the losses of the day before, with investors still recovering from the US tariff scale announced this week. The European Union said on Thursday that it will adopt contracted against the United States if negotiations do not advance.
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Petroleum prices operate in a heavy fall and walk to register the worst week in months due to new US President Donald Trump, feeding concerns about a global trade war that could weigh on demand for oil.
(With Reuters and Bloomberg)