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The Stock Exchange closed the trading session by renewing its historic high for the sixth time this year after an afternoon of alternating signals, following the instability seen among the major stock indexes in the United States . The Ibovespa closed at a peak of 0.21%, at 93,805.93 points .
The dollar meanwhile, returned to the level of R $ 3.70 on Thursday 10, influenced mainly by the appreciation of the American currency abroad. After Wednesday's market euphoria when the US currency fell to the lowest value in more than two months, the exchange offices have forecast a price adjustment. The dollar, however, fell in the morning to R $ 3.67 because of the influx of foreign resources. The currency changed direction in the afternoon and closed at by 0.66%, at R $ 3.7076 .
Bolsa
According to Marco Tulli Siqueira, the variable income manager of Coinvalores, without relevant local news that day, weighed international news. The biggest instability in the index here came mainly in the speech of Federal Reserve Chairman Jerome Powell when US market badets reacted negatively even on time.
Powell pointed out that the main concern of the United States at the present time lies in the evolution of the world economy. He also said that there was no predefined plan for further increases in interest rates. "In this sense, if it reduces the number of highs or stops raising interest rates, it's good for Brazil because it ends up stimulating the arrival of foreign resources here," he said. noted Tulli.
According to the director of Coinvalores, the national economic outlook, with inflation and a low base interest rate for a longer period, remain the driving force behind the index. In addition, the positive expectation with regard to the government of Jair Bolsonaro is still in the account.
After two days of devaluation partially impacted by political news, the ordinary shares of Banco do Brasil were successful in the trading session, even as its counterparts in the financial block were down. In the end, they closed up 1.46% while Itau Unibanco PN lost 0.68% and Bradesco PN lost 0.31%.
"As far as BB is concerned, investors are waiting to dissociate all the conglomerates and open up the capital of certain subsidiaries.This will gradually involve an almost camouflaged privatization generating liquidity and a market value, "says Tulli.
Dollar
In the afternoon, the US currency renewed the successive maximums to reach R $ 3.72. Foreign exchange bureaus said they expected a release of the country's resources Friday as part of a trade deal and local investors would have anticipated this decision later in the day.
Even with the fall of this Wednesday, the dollar still accumulates a 4.33% devaluation and has fallen in seven of them over the last nine trading days. In the accumulation of the first days of 2019, is already the currency that loses the most value before the dollar. The US currency, for example, rises 3% against the Turkish lira and falls 2.5% against the Mexican peso. Experts warn however that the potential for appreciation of the real is about to end.
Thu Lan Nguyen, badyst of the German currency at the German bank Commerzbank, tells Broadcast that he does not see real real potential much higher because most of the good news have already been announced in the quotes, especially the prospect of progress of the reforms. "Investors will now want to see these reforms implemented," she said.
The badyst at Commerzbank warns of the risks badociated with advancing reforms in the coming months, especially the pension fund. "Minister Paulo Guedes wants to implement a reform in depth, but it is far from certain that President Jair Bolsonaro gives him carte blanche to do so," she said. In this context, the dollar may rise in the short term in the local market. "We hope that the real will have an additional and lasting appreciation if the pension reform is actually approved."
Since the morning, caution has prevailed abroad, as weak data on inflation in China indicate that the world's second-largest economy could even slow down. The DXY index, which measures the performance of the dollar against a basket of developed currencies, has peaked throughout the day. (F, b, e, v, n, t, s) {if (f.fbq) returns; n = f.fbq = function {) {n.callMethod? n.callMethod.apply (n, arguments): n.queue.push (arguments)}; if (! f._fbq) f._fbq = n; n.queue = n.loaded = 0; n.version = 2.0 & # 39 ;; n.queue = []; t = b.createElement (e); t.async =! 0; t.src = v; s = b.getElementsByTagName (e) [0]; s.parentNode.insertBefore (t, s)} (window, document, script, // connect.facebook.net/en_US/fbevents. fbq (& # 39; init & # 39; ;, & # 39; 1659995760901982 & # 39;); fbq (& # 39;; & # 39;; PageView & # 39;);
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