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The São Paulo stock market began the second half of the year with losses, as doubts remain about the country's electoral results and following the negative bias of the overseas stock markets Monday, where companies were affected by the maintenance of uncertainties
At 10:53, the Ibovespa fell by 0.85%, to 72,146 points. The financial volume on the stock market amounted to 974 million Reais.
In the first half, the main index of B3 shares was down 4.76%. Overseas, the focus is on the July 6 deadline, when the United States will charge $ 34 billion worth of Chinese products, the epicenter of A fierce conflict between Washington and the major economies that shook the financial market
On Wall Street, the S & P 500 yielded 0.5%
"The problem abroad weighs a little, the "trade war" factor still amid fears that China and the United States are facing recent threats to evaluate billions of dollars in their respective products by the end of the week, "said a brokerage firm in Rio de Janeiro. The continuation of external capital outflows continues to weaken the Brazilian trading session, with the negative balance in June to July 27 reaching R $ 6.2 billion, corresponding to net capital outflows of 10%. billions of dollars. , 2 billion reais in 2018. [19659002] The still weak economic situation supports the negative bias for Brazilian equities. Itaú BBA badysts revised their earnings growth expectations in 2018 to 58% from 68% in May, according to a strategic team report sent to customers.
Highlights
– VALE decline of 1.4%, the main negative pressure on the Ibovespa given its significant participation in the index, in a negative session for iron ore prices in China, after data indicate a slowdown in Chinese industrial growth last month
– BRADESCO PN and ITAÚ UNIBANCO PN fell by 1.5 and 1.3% respectively, the banking sector as a whole being in the red, because of the negative bias on the stock market. BANCO DO BRASIL fell by 1% and SANTANDER BRASIL UNIT by 1.1%
– PETROBRAS PN and PETROBRAS ON also fell by 0.6% and 0.9%, respectively, following low oil prices .
– CVC lost 1.6%, according to the tourism operator is still affected by the strengthening of the dollar compared to the real, with a potential negative effect on sales of BRF is up 12.2% On the contrary, after announcing last Friday its intention to sell 5 billion reais in badets in the second half of this year, in a "household brake" society.
business. Credit Suisse downgraded its equity offering, citing disinvestment plan and recent share price decline
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