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Ibovespa, the main index of the Brazilian stock market, changed the third highest and closed with a valuation of 0.41% Thursday (31) to 97,393.74 points. As a result, the index ends in January, the first month of the administration of Jair Bolsonaro, with a cumulative gain of 10.82%.
The commercial dollar closed down 1.77% to R $ 3,659 on the sale, closing at less than three months since October 26 (R $ 3,655). This is the largest daily decline in percentage since October 8, just after the first round of the presidential election, when the US currency lost 2.35%. With the result, the dollar ends the month with a cumulative devaluation of 5.6%. The day before, the dollar closed on a virtually stable sell, with a slight increase of 0.06% to R $ 3.725.
Bradesco jumped 5.7%; Vale dropped 2.4%
At the top of the stock market, Bradesco shares jumped 5.65%, after the bank announced a 13% increase in its profit in 2018, reaching 21%. , 6 billion rubles. The shares of Banco do Brasil (+ 2.53%), Itaú Unibanco (+ 1.73%) and Petrobras ordinary shares (voting rights in general) (+ 0.37%) also posted gains. 19659002] In the opposite direction, Vale's shares fell by 2.36% after closing at a high of 9.03% the day before. The preferred shares of Petrobras (with priority in the distribution of dividends) (-0,16%) were also closed.
First month under Bolsonaro
The first month of the new leadership was marked on the financial market by optimistic expectations about the structural reforms of the economy. Investors believe that the government should forward to Congress the proposals they consider fundamental to balance the public accounts, especially the pension reform.
Throughout January, members of the government and the economic team and Bolsonaro himself made statements on the reform, but there is still no concrete information or details about the nature of the proposal.
The United States Holds Interest
The fall of Thursday's dollar was influenced by the Federal Reserve's decision to keep interest rates in the country the day before. The bank also said it would be "patient" with regard to further increases. "The Fed's signals have left part of the market very alive," Alessandro Faganello, a stock trader at Advanced Broker, told Reuters.
The market is also waiting for the outcome of trade negotiations between the US and Chinese authorities, who have been meeting since Wednesday to try to resolve the stalemate between the two largest economies worldwide.
US President Donald Trump said Thursday that he wanted a "very big" deal with the Asian country. , "or it will be an agreement that we will simply postpone a little more." Trump gave no further explanation or details on the statement.
Pension Reforms
Brazilian investors were optimistic after the statement by Vice President Hamilton Mourão that the pension reform will be unique, include the armed forces and will be presented in the form of an amendment constitutional law and a bill. We also see the end of the parliamentary recess and the formation of the executive tables of each House of Congress, at which time the government can begin to advance its economic program
BC. interim
which plans to roll over US $ 9.811 billion in traditional currency swap contracts, which is equivalent to the future sale of dollars in March. On Friday, he will hold the first auction of a maximum amount of 10,33,000 contracts.
Understand how the dollar exchange works
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