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The Brazilian stock market lost 2.5% on Monday in an unfavorable external environment as worries about global economic growth undermine investor confidence and support reduced risk exposure in emerging markets. Ibovespa, the country's leading stock index, dropped to 85,914.71 points, the lowest point in the session. The session began with the pbading of weaker data on Chinese foreign trade and the resignation of the head of the monetary authority in India, the postponement of the Brexit agreement to the British Parliament and the French president declaring the state of economic and social emergency in the country.
"It's not just Brexit, the Italy-EU budget conflict and the Sino-US trade on Twitter Mohamed A. El-Erian, Senior Economic Advisor at Allianz
" resignation of the president of the central bank of India and the political upheaval of the president of France, (Emmanuel) Macron, are an additional indication
US stock markets, which fell by nearly 2% in the beginning of the session, reversed the signal at the end of the trading session and closed with a slight increase. "
After a year of strong gains in the São Paulo stock market, especially during the next election period, and with a strong participation of local investors, this seems very fragile at the end of the year. year, "said the portfolio manager of a fund manager in São Paulo.
Even with the decline of this session, Ibovespa continues to rack up a 12.45% peak.
The dollar has already risen 0.69% and closed at R $ 3.980. "Since we do not have much to expect in the short term (in the local market), we are tied to the external market, and I do not believe that the investor puts a lot of premium," he said. the trader. Brokerage firm H.Commcor Cleber Alessie Machado, noting that important issues such as pension reform should only occur next year.
A federal reserve would be even clearer in its reading of the current slowdown in monetary tightening, "he added, citing the monetary policy meeting of the US central bank held on December 18 and 19.
As a result recent speeches from the institution's authorities on the proximity of the neutral interest rate, the Fed is expected to announce the end of the monetary tightening cycle
"Brazil's exchange rate has risen from R $ 3.70 / US $ to R $ / US. $ 3.90. The main reason for this devaluation was the external scenario, which remains very worrying for the growth of the global economy, "wrote SulAmérica Investimentos sobre Brasil, Senator-elect and son of President-elect Jair Bolsonaro, Flavio Bolsonaro, who could have a impact on the future government
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