[ad_1]
The Vale ends the first week after the Brumadinho tragedy, characterized by a decline of 51 billion rubles, but in a slightly more positive direction compared to the loss immediately after the dam broke. The slight recovery of the company contributed to the rise of the Brazilian stock market and its new record (1 st).
Vale shares rose 1.64% to R $ 46.25. However, there is no clear path to the roles of society, which have struggled to advance since the fall of 24.5% recorded Monday. Vale lost more than 70 billion rubles in market value that day.
The shares of the company were supported in this auction by the effect of the tragedy itself, the rise in the price of iron ore. Vale is the world's leading exporter of raw materials and, with the potential to reduce production, prices have skyrocketed.
The day was marked by a decline in trading volume on the stock market, which processed $ 14.1 billion. .
After the 10% rise in January, the index is struggling to break the level of the stock index. 98,000 points, tested Thursday and Friday too. The index however worked for most of the day.
Investors turned to political news, with the inauguration of the new Congress and the elections to the presidency of the House and Senate. The election will be crucial for the approval of reforms, especially social security.
"The victory of Maia in the House and Renan in the Senate should strengthen the vote of the structural guidelines proposed by the Bolsonaro government for the parliament.Maia is already a public supporter of several ideas and proposals including Paulo Guedes and the 39. Team discusses, Renan said that he would support the liberal proposals, even if they had no historical affinity with such a tariff, "he wrote in Guide
. The local market is also influenced by the lack of definition of a trade agreement between the United States and China. The bias is all the more positive that US President Donald Trump will meet with Chinese leader Xi Jinping
Abroad, US stock exchanges have operated without precise direction, reflecting the disclosure of the results of l & # 39; company. The dollar ended the day slightly higher, after the sharp drop the day before. The US currency ended the day at 3.6630 dollars.
Source link
