April 16, 2024 was marked by falls in the dollar and Ibovespa, after the release of data from GDP and the US unemployment rate. The commercial dollar closed down 0.44%, quoted at R$ 5.2832, while the Ibovespa registered a drop of 0.84%, closing at 104,779 points.
US GDP grows less than expected
US GDP in Q1 2024 grew at an annual pace of 2.3%, below market estimates of 3%. This result signals a possible slowdown in the US economy, which could have a negative impact on the global scenario.
US unemployment rate remains at 3.6%
The U.S. unemployment rate held steady at 3.61TP3Q for the second consecutive month, indicating a strong labor market. However, slowing GDP growth could lead to higher unemployment in the future.
Investors reassess market outlook
The combination of slower-than-expected U.S. GDP growth and persistently low unemployment rates has led investors to reassess their outlook for the market. Fears of a possible U.S. recession may have contributed to the decline in the dollar and the Ibovespa.
Impact on the Brazilian market and what to expect for the future?
The fall of the dollar and the Ibovespa may have a negative impact on the Brazilian market, mainly affecting companies that export products and services. In addition, the devaluation of the real may lead to an increase in inflation in the country.
It is still too early to determine what the long-term impact of Tuesday's data will be. Investors will continue to monitor economic indicators from the U.S. and Brazil to assess the outlook for the market.
It is important to emphasize that the financial market is subject to constant fluctuations and that the information above does not constitute financial advice.
