Dollar surpasses R$ 5,60 and Ibovespa Futures approaches stability.
In Brazil, attention is focused on the Copom's monetary policy decision, which will be announced after the market closes, revealing the country's new interest rate.
By InfoMoney - At 09:05 AM, the futures index was showing a slight drop of 0,24%, to 80.065 points, while the June futures dollar was up 0,57%, at R$ 5,620.
Ibovespa Futures traded between losses and gains this Wednesday (6), diverging from the day of gains abroad, with investors keeping an eye on the battery of indicators in Brazil and the US and also waiting for the gradual reopening of the largest economies in the midst of a long period of social isolation due to the coronavirus pandemic.
Here, attention turns to the Copom's monetary policy decision, which will announce the country's new interest rate after the market closes, while the US will have labor market data released with the ADP.
In Asia, the People's Bank of China (PBoC) announced a weakening of the yuan's peg to the dollar, to 7,0690 yuan per dollar, 0,17% weaker than Thursday's rate of 7,0571 yuan per dollar. This would be a gesture of goodwill from the Asian giant amid growing tensions between the US and China. As in the last two days, the Japanese stock market remained closed due to local holidays.
In Europe, after opening with widespread declines, the indices eased their losses and are trading virtually unchanged. Investors remain attentive to the easing of lockdown measures and are reacting to economic data from the continent. In Germany, industrial orders suffered a historic drop of 15,6% in March compared to February.
US futures, meanwhile, are showing moderate gains after President Donald Trump insisted on reopening the country for business, even while acknowledging that the move would cause more illness and deaths from the pandemic. Trump considers it a cost he is willing to bear to get the economy back on track.
It is worth noting that, the previous day, at the close of trading, the S&P 500 saw a gain of almost 2% cut in half after Fed Vice Chairman Richard Clarida warned that the economy would need more government support.
Among commodities, after falling in response to oil inventory data, WTI and Brent futures contracts reversed course and showed gains. According to research from the American Petroleum Institute (API), there was a sharp increase in the volume of crude oil stored in the US last week, of 8,4 million barrels.
Analysts are forecasting data released late Wednesday morning by the U.S. Department of Energy (DoE) to show a 7,4 million barrel increase in the country's crude oil inventories, as the coronavirus pandemic has hampered oil demand, leading to an expansion of commodity stockpiles.