Ore effect: The drop in iron ore prices in China is impacting stock prices as the Ibovespa slides amidst a monetary policy decision

In Short: The Ibovespa (Brazilian Stock Market) ended Monday's session, January 29, down 0.36% at 128,502.66 points and reopened Tuesday's session, January 30, continuing the downward movement amid negative external conditions. Vale (VALE3) fell 1.48%, with shares reaching R$ 67.89, due to the decline in iron ore prices in China overnight. By midday, the Ibovespa had already slipped 0.82% to 127,282.45 points, accumulating a 1.18% decline in the second day of the week so far.

Expectations remain focused on the disclosure of interest rate decisions in Brazil and the United States, scheduled for Wednesday, January 31.

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