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The Brazilian Stock Exchange closed the month of November with a rise of nearly 2.5% and very close to 90,000 points, guided by the optimism of local investors after the election of Jair Bolsonaro ( PSL) as president, while foreigners were leaving the country.
Ibovespa, the main stock index of the country, closed down on Friday (30).
The US dollar is also appreciated and consolidated around R $ 3.85 after Central Bank interventions in the market. from 0.23% to 89,504 points, after spending a good part of the trading session above the historical level of 90,000 points. At most, the index has traded at 90,245 points. The financial volume amounted to R $ 19.6 billion, a level above the average of the month.
In November, the index valuation was conducted by local fund managers, who again increased their stock market investments by betting on the recovery of the economy. and the reforms promised by the Bolsonaro government could guarantee additional gains.
Foreign investors have already recovered the funds invested in the country, which happened for the second month in a row. According to B3 data, outflows in foreign currency would rise to 10 billion rand
For Alvaro Bandeira, chief economist at Modalmais, foreign investors with Bolsonaro still fear, which would explain the outflow of resources . Until the promised measures start appearing in the newspaper.
"The movement far exceeds the expectations of the Bolsonaro government, the foreign investor is back and staff believe here that the government will do interesting things"
There is however a resurgence of the environment of risk on the external scene, with the fear of a worsening of the trade war between the United States and China and the reflection that this collapse could have on the world economy.
Pessimism Infected the Commodity Market, Lowering Prices for Domestic Animals
Pessimism Contaminated the Commodity Market, Lowering Prices for Domestic Animals
When the Investment Scenario At risk becomes more unfavorable, operators tend to migrate resources applied to the US Emerging, considered safer. This is seen in the movements marked on the Ibovespa map during the month.
Similarly, the dollar appreciated again against the real in November, closing at R $ 3.8550.
In addition to the wrong external scenario, the exchange rate was also influenced by a typical year – end movement, when multinational corporations profits for the head office out of the country.
But this week, the signals of the Fed (the Federal Reserve, the Federal Reserve, the Central Bank of Brazil, the central bank of the United States), the fact that the US interest rate is already close the ideal level brought a sign of relief to the market and reduced the pressure on the currency.
Next steps in the financial market will now be based on the outcome of the meeting of US President Donald Trump and leader Xi Jinping in Buenos Aires at the G20 meeting
An OPEC meeting (Association oil producers) will also take place in order to reduce production. fuel to keep prices down.
Prices are falling because the supply of oil is expected to exceed demand, but Trump insists that nothing changes, which could hinder the conclusion of an agreement and keep the markets under pressure throughout of the month of December.
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