Ibovespa falls 2.50% with risk aversion; Petrobras is the highlight of autumn



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Doubts about the pace of the global economy have shaken global stock markets and the Bovespa index has not been spared by the risk aversion that has seized the international market. In its third consecutive decline, the indicator closed at 85 914.71 points, down 2.50%, to post a loss of 4.01% in December.

Weaker Trade Balance Data China, released late last week, raised fears of the effects of the US-China trade war. As a result, commodities, especially oil, fell, penalizing Petrobras shares. The shares of the oil company renewed the minimums until closing and were the main highlight of the day's decline.

The domestic scenario was in second place, but also presented a series of adversities that stimulated investor caution. Suspicions of irregular financial movements by a former adviser to Flávio Bolsonaro continued to cause discomfort, as did disagreements among PSL members. The protests of the truck drivers were another point of attention. The caution of the investor lies mainly in the fear that the noise could affect the governability of the new government from the beginning, while solid progress is expected during the reforms.

"The domestic agenda today (in second position) was very empty and the market is pretty glued to the outside." And externally, the weakness data from the Chinese economy has aggravated the already difficult scenario of trade tensions between the United States and China.It is because data on the Chinese balance showed that the trade war was taking place ", said Raphael Figueredo, partner and badyst at Eleven Financial.

materialize British Prime Minister Theresa May confirmed that the vote on the Brexit agreement had been postponed indefinitely. The pact will be examined by the British Parliament on Tuesday.

Among the shares included in Ibovespa's theoretical portfolio, the largest decline was that of Gol PN (-7.12%), a behavior attributed in part to the rise in the US dollar and partly to to a recent movement of earnings correction. Petrobras shares lost 4.96% (ON) and 5.37% (PN), which corresponds to oil losses.

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