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The Brazilian stock market managed to downplay Vale's weight in the market and closed the month of January with a 10% increase, packed with optimism sparked by the new government and the perspective of the market. pension reform as well as improvement abroad. The dollar fell nearly 6% during the month.
Ibovespa, the country's leading stock index, gained 0.40% on Thursday and closed at 97,393 points. For the month, the rise is 10.8% and is equivalent to almost two years of application of fixed income, said Álvaro Bandeira, chief economist at Modalmais.
"It was certainly a good result for a complicated month and a good omen
In January, the market recorded a series of highs that pushed the index to the highest level in the world. history, reached last Thursday. (24) This Thursday, the index came to test a new high, above 98,000 points, but ended up losing strength partly because of the decline in the Vale title, which fell by more than 2%.
Bradesco, after better results than expected by the market.The advanced actions of the bank has strengthened the main roles of the financial sector.
The month of January has This was also marked by the increase in the volume of the stock market traded at an average of 16.7 billion rubles, lower than last October and higher than the average daily turnover of 2018. [19659003] And, with data until January 29th, it is possible the slack Returning foreign investors who withdrew funds from the Brazilian stock exchange in the last three months of last year
This Thursday, political news also returned to the agenda. "If this is confirmed in the final proposal, the inclusion of the army should facilitate negotiations with the government," he said. Congress, "he wrote to XP
There was still information on the capitalization of social security, as well as on the support of governors for reform, which could give force to the text adopted by the Congress. [19659003] Eyes are also centered
In the middle of the afternoon, Folha published audios that show that Renan Calheiros discussing appointments to JBS's leadership positions in the government during the period he was president of the Senate.
The dollar closed the day with a fall of 1.74, according to a statement from the Senate.%, to R $ 3.66590, closing the month to the low of nearly 6%. is the first decline in the US dollar against the real since last October, when the electoral euphoria overturned the dollar.This depression, motivated by signs that the Fed would stop US interest rates in the short term, is also the e lowest level since October of last year.
The Fed's decision was made public Wednesday after the closing of the US currency.
The effect reflects the market's tendency to create cash flows. As US interest rates rise, investors tend to migrate emerging market resources, considered riskier, into US debt. With the prospect that new highs should take time to occur, there is still more money circulating among emerging countries, thus reducing the pressure on trade.
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