Bolsa breaks the record, and Vale loses 17.3% in the week; dollar closes at R $ 3,662 – 02/01/2019



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Ibovespa, the main index of the Brazilian stock market, closed up 0.48% Friday (1), to 97,861.27 points, reaching a record closing level. On weekdays, the stock market gains a gain of 0.19%. This is the sixth consecutive week that the stock market is on the rise.

The commercial dollar closed almost steady with a slight increase of 0.09% to R $ 3,662. Despite the slight rise, the currency closed the week with a cumulative devaluation of 2.91% after two consecutive weekly highs.

The dollar lost 1.77%, the sale price of R $ 3,659, less than more than three months and the stock market rose by 0.41%.

Vale shares (VALE3) rose 1.65% this Friday, to R $ 46.25, but recorded a cumulative devaluation of 17, 63% in the first week after the breakup of the dam at Brumadinho. Monday (28), the first trading session after the tragedy, newspapers fell by 24.5%. On Wednesday (30), after the company announced a series of measures at its dams, shares rose 9%.

This week, badysts BTG Pactual, Itaú BBA and XP Investimentos sent their clients reports in which they recommended the purchase of shares of the company.

Increase of Petrobras

The shares of Petrobras (+1.59), Banco do Brasil (0.48%) and Itaú Unibanco (0.13%) also closed up.

On the other hand, Bradesco shares fell 1.24%.

Return of the Legislative Assembly

The session was marked by the expectation of the election of presidents and boards of directors of the House of Representatives and the Senate, which should take place this Friday.

In the House, the favorite is the current Speaker of the House, Rodrigo Maia (DEM-RJ), who has sewed up a broad alliance of parties to support him.

In the Senate, the former president of Casa Renan Calheiros (AL) was chosen on the eve of the BMD candidate, who has the largest bench in the House, defeating Simone Tebet (MS) at the 'a close vote. Several names presented themselves as candidates, among which Davi Alcolumbre (DEM-AP) and Álvaro Dias (PODE-PR).

The definition of advice is important because it will allow the government to start moving forward. its economic agenda, including pension reform, long awaited by the market.

External Scenario

Outside Canada, positive labor market data in the United States eased fears about the country's economic growth. However, data for November and December have been revised downward.

The Fed's decision to keep the interest rate in the country Wednesday was also affected.

BC Performance

On Thursday, BC sold 10.33 million traditional currency swaps, which equates to the future sale of dollars. Thus, $ 516.5 million out of a total of $ 9.811 billion expiring in March were generated.

Understanding the operation of the dollar exchange

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