#APROCoin Today was a day of adjustment this Tuesday (09), a more technical movement, even though it reflects the impasse of the Bolsonaro family, forcing the prominence to 01, Flavio Bolsonaro. As a result, the Ibovespa fell 0.52%, to 158,187 points, and the dollar rose 0.26% to R$ 5.438.
U.S. futures indices are operating higher this Wednesday (10), while investors prepare for the Fed's monetary policy decision. The market bets that the Central Bank will reduce its basic interest rate by 0.25 percentage points, as it did in its meetings in September and October.
Super Wednesday, with meetings of the Copom and the FOMC simultaneously. In the U.S., the chances of a 0.25 pp rate cut are 89% at the CME Group, while in Brazil, the Copom is expected to keep the Selic at 15%. In both cases, the expectation is for the announcements, which may signal the future decisions of monetary authorities. On the agenda, highlight for the IPCA of November (9 AM), which may still adjust some bets for January. Regarding the Fed's decision, there is consensus about the new rate cut, which should be reduced to the range between 3.50% and 3.75% per year. Even so, Jerome Powell is not expected to be anything but cautious, especially since he is facing a clash with President Trump, who is eager to replace him by May. Nevertheless, it does not seem that the delayed data from the shutdown is influencing the decision.
In Brazil, the vote in the Chamber on the dosimetry project exploded last night, which could remove Flavio Bolsonaro from the race and open space for Tarcísio de Freitas. Bolsonaro's sentence, for example, would drop to 20 years, from which point he could spend only two years and a few months in closed regime.
$AT