Ibovespa exhausts the force at 92,000 points and falls; Petrobras reduced high



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SÃO PAULO – The Ibovespa has even tried, one more day, to exceed 92,000 points, but continues to find at this stage a great difficulty to move forward. For managers, this is an appropriate point for the positive market outlook, but also for the risks inherent in the international scenario and before tax reforms actually leave the document.

The index closed down 0.15%. today, at 91,699 points, after touching the 92,552 points at the height of the day. The financial turn was once again a highlight when it broke the $ 12 billion R $ mark.

The action of Petrobras was the big star of the day. The ON (3.24%) spent most of the day at a high level, according to another truce of foreign stock exchanges, while the NA (1.58%) worked much closer to zero to zero – ON is a preferred badet for foreign investors, while local funds more generally manage the NP.

However, in the afternoon, both actions begin to gain ground, reacting to information from the Value that the Union is expected to pay about 14 billion US dollars to Petrobras, or about R52 billion at the current exchange rate, as part of the review of the agreement that gave the state the right to explore six large blocks of oil in the pre-salt layer

At the end of the trading session, shares absorbed some of the increase, officials still wondering what would be the exact amount that Petrobras will receive. This question is one of the main vectors of the state, because the definition of payment is something the market has been waiting for with great anxiety since last year.

The information also falls like a glove for an Ibovespa who seems to have reached the 92,000 point mark, an adequate limit, on the one hand, to the enthusiasm aroused by the leadership of the President Jair Bolsonaro (PSL), but, on the other hand, guided by the environment filled with uncertainties abroad and by the imbalance observed the first week of the new government. The increase in the tax on financial transactions (IOF) and the minimum age of pension reform studied up to here were part of the rumors.

According to officials, local funds continue to move more Ibovespa than foreigners. that the outside environment still prevents non-residents from looking at Brazil with the same confidence as local funds. According to the latest B3 figure, non-residents withdrew $ 2.3 billion from the stock market only on the third day.

For a manager who prefers not to be identified, the foreigner has a positive view of the country, but is still waiting for the welfare reform to deviate and the situation is receiving less attention. For the moment, says the source, concerns mainly about the United States (economic growth, rising interest rates, domestic disputes and trade policy with China) suggest that the foreign investor will maintain caution rather than local funds. [19659002] Here, however, the favorable outlook continues – and is calibrated by innovations that encourage managers. According to Raphael Figueredo, partner and badyst at Eleven Financial Research, the market underwent a slight price adjustment after a rise of 4.5% in Ibovespa the previous week.

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