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© Reuters. The main stock index of São Paulo closed up Thursday, exceeding 98,000 points for the first time, denied by the moderate sign of the Federal Reserve.
By Paula Arend Laier
SÃO PAULO (Reuters) on monetary normalization in the United States and guided by the shares of Bradesco after a balance sheet and solid forecasts.
Reference index of the Brazilian stock exchange, Ibovespa () rose by 0.41% to 97 393.74 points. At maximum, reaches 98,405.21 points, new maximum intraday. In January, the Ibovespa registered a gain of 10.8%, the best monthly performance of the year.
The Fed kept the index in the price range. 2.25 to 2.5% a year and promised to be patient to raise rates this year, and said that he would be willing to put an end to the process of downsizing, selling process of securities in its badets. [nL1N1ZU1I6]
"The Federal Open Market Committee (FOMC) Statement of the Fed … Has Made Significant Changes That Have Put the Fed in a Neutral Position," UBS said in a note to customers.
The Market The national currency extended Wednesday's reaction to the signal from US banks and kept the trajectory of this session, while Wall Street had a mixed session.
Financial officers attribute a significant share of the positive performance of emerging market badets to this early recent Fed and member-level protests, despite concerns over the global slowdown.
In the case of Brazil, the gains remain supported by optimism. reforms, in particular that of social welfare, which is considered essential for improving the country's fiscal position.
in Brazil, they point to the upward bias, among them that of strategists Santander Brasil (SA :), who expect strong operational results of the season. [nL1N1ZV0DT]
"The Ibovespa did not get better results because of the volatility of Vale's shares," said director Marco Tulli, of Bovespa's board of directors. Coinvalores broker in São Paulo
HIGHLIGHTS
– BRADESCO PN (SA) rose 5.65% to 45.26 Reais, closing at its highest level ever after an annual rise of 19.9% in profits fourth quarter, ahead of badysts' forecasts, more ambitious targets for 2019 and showing interest in badets that could be privatized. [nL1N1ZV0F5]
– ITAÚ UNIBANCO
– VALE (SA 🙂 yielded 2.36%, losing its breath at the beginning of the trading session, as investors continue to badess the potential impact of the tragedy with a mining dam that killed at least 99 people. The company has postponed its balance sheet for the fourth quarter to March 27, compared to the previous February 13 publication forecast. PETROBRAS PN (SA 🙂 closed down 0.16% during a session with no stable trend, with news from the oil company, including the sale of the Pasadena refinery [nE6N1YI02B]
Texas, North America Chevron (N :), and the behavior of the company's proven oil and gas reserves. [nL1N1ZV0C1][nE6N1YI02A]
– TIM (SA 🙂 rose by 3.08%, after a report by Itaú BBA adding the papers of its "Buy List" portfolio of Brazil, replacing the roles of BRADESPAR (SA :). "TIM has seen solid improvements in terms of growth and efficiency, leading to a steady increase in the margin to record highs," he said in a report.
– ESTÁCIO (SA 🙂 fell 4.31%, after high adjustment this month, by 36.8% in accumulated until the day before. Itaú BBA badysts are expecting a further drop in corporate margins in the fourth quarter due to high seasonal provisions for delinquency. The company publishes its report on March 14. KROTON (SA) gave 4.27%.
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