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Influenced by the bad mood of foreign investors, who closely monitor the pace of global cooling, Ibovespa spent the day in the red. However, a few minutes before the closing of the business session on Monday 21, took a breath to defend the 96,000 points (96,009.77), a slight decrease of 0.09%, while retaining the index of (19659002) "Today, we are witnessing the realization of already-anticipated problems, such as the difficulties of Brexit and China's gross domestic product (GDP), which have reinforced the perception of deceleration. here and there too, "said Nicolas Takeo, Senior Analyst at Socopa. Ibovespa reacted negatively throughout the day, following European stock markets and future indices in New York, which were operating on this US holiday.
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The market predicts inflation of 4% and investors were also watching political issues.
Investors also monitored political issues. President Jair Bolsonaro's and President Paulo Guedes' presentation to the World Economic Forum on the international arena raises many expectations. According to Takeo, the local market has already anticipated much of the social security reform, which had already been anticipated by the Congress.
and now waiting for more concrete things. It should be noted, however, that the country risk measured by the CDS (Credit Default Swap) at 5 years ago was trading at 171 points on Monday, against 172 points on Friday, according to quotes from IHS Markit. "Political issues are weighing, such as the inadequacy of news and those that can shake the political capital for the approval of the reform, but the CDS is already at a low level, indicating a reduction of the risk premium. "
Among the best choices, Petrobras, up 0.48% (ON) and 0.51% (ON), and Vale ON up 0.95%. The financial block closed all day at its lowest level, led by PN Bradesco (-1.15%).
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