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Global scholarships experienced fluctuations in the final trading session of the week on Friday (7), as the market remained vigilant due to a busy schedule filled with various international and national data and events.
In the US, the focus is on the employment report and a speech by Jerome Powell, the Fed’s president. In Brazil, attention is on the fourth-quarter GDP and the response to new measures by the Lula administration to manage food prices.
In New York, the payroll will play a vital role in forecasting future interest rate changes, with growing anticipation of a potentially larger reduction. Yet, a more careful approach by Powell is also being considered.
Christine Lagarde and the European Central Bank’s concerns about Trump’s tariffs and geopolitical tensions have affected the market’s outlook on euro area interest rates.
In Brazil, investors are expected to focus on the exemption of import taxes for various products initially, even though the economy’s growth of 3.5% by 2024 needs to be verified.
At the start of the evening, Geraldo Alckmin stated that the government planned to address the tax on basic food items like meat, coffee, sugar, and corn. The decision must go through the Chamber of Foreign Trade (Camex) for final approval.
United States of America
Future indices in the US reached a peak on Friday as investors anticipated the February payroll report for insights on interest rate trends. Analysts predict the report will show the addition of 160,000 jobs, following a rise of 143,000 in January, with the unemployment rate expected to remain steady at 4.0%.
Powell is expected to address a monetary policy forum in the afternoon, during which the Fed is anticipated to maintain interest rates at March meetings and evaluate changes in the labor market and inflation.
US future indices quotations
Dow Jones Future is up by 0.11%.
S&P 500 Future: Up by 0.09%
Nasdaq Future is up by 0.02%.
Bags from Asia
In Asia-Pacific, markets declined due to high yields on long-term Japanese government bonds, which have not been this high since the 2008 financial crisis.
The Asian scholarships’ performance mirrored the declines seen on Wall Street due to Donald Trump’s tariffs failing to reassure investors.
US economic indicators were causing worry due to the adverse effects of Trump’s tariff policies on the American economy, as highlighted by the Fed Beige Book and Institute for Supply Management’s manufacturing data.
Shanghai Stock Exchange in China decreased by 0.25%.
Nikkei from Japan fell by 2.17%.
Hang Seng Index in Hong Kong dropped by 0.57%.
Kospi in South Korea fell by 0.49%.
ASX 200 in Australia dropped by 1.81%.
Scholarships available in Europe
European markets ended the week with a decline due to fluctuations caused by various factors such as US tariff policies, ECB interest rate cuts, fiscal reforms in Germany, and higher defense spending in the region.
Investors are assessing the effects of the ECB’s 0.25 percentage point rate cut, as well as monitoring inflation forecasts and economic growth.
The ECB suggested that its monetary policy is becoming “much less tight,” hinting at a potentially more careful approach in upcoming meetings, following six cuts made since June last year.
TSE 100 (UK) experienced a decrease of 0.51%.
DAX in Germany decreased by 1.26%.
CAC 40 (France) has decreased by 1.05%.
FTSE MIB in Italy decreased by 0.78%.
STOXX 600 decreased by 0.83%.
Ibovespa: keep in mind the day before
Ibovespa, the primary stock index in Brazil, ended Thursday’s session with a 0.25% increase, reaching 123,357.55 points. The Brazilian real’s exchange rate rose by 0.02%, reaching R$ 5.75.
The Ibovespa experienced significant fluctuations during this session due to the uncertainty caused by Donald Trump’s fluctuating tariffs and the economic outlook, as investors await the release of Brazil’s 2024 GDP results on Friday.
Day’s schedule
Indicators are signals or signs.
Fenabrave reveals February vehicle sales data.
Eurozone GDP divided by 4 is what the text refers to.
Brazil’s GDP is 4 trillion.
USA’s February payroll is scheduled for 10:30 a.m.
Brazil’s trade balance for February
Hughes operates wells and oil platforms.
17h00 – USA/Fed: Consumer credit figures for January
Haddad is scheduled to appear on the Flow podcast for an interview.
Occurrences
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Lula goes to MST settlement in MG
Michelle Bowman of the Federal Reserve speaks at an event in the USA at 12:15, which is seen as critical.
John Williams (Fed) is speaking in the USA.
Guillen from BC takes part in an event arranged by the Bank of Portugal.
a repeated sequence of the letter “a”
The speech at the event
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