Bolsa falls by nearly 2% and its dollar runs high, sold close to R $ 3.70 – 06/02/2019



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The stock market lost nearly 2% Wednesday (6), while the commercial dollar was up. Around 4 pm, Ibovespa, the main index of the Brazilian stock market, fell by 1.99% to 96,356.84 points, and the US currency gained 0.86% to R $ 3,698.

The day before, Ibovespa had closed down 0.28% to 98,311.20 points. The dollar closed the day with a drop of 0.17% to reach 3,666 rand.

The dollar value revealed daily by the press, including UOL refers to the commercial dollar. For tourists, the value is always greater.

Pension Reform

In Brazil, investors are closely monitoring pension reform. On Tuesday (5), Economy Minister Paulo Guedes said the government was looking for an economy of at least $ 1 trillion in ten years.

The Speaker of the House, Rodrigo Maia (DEM-RJ), meanwhile said that the text of the reform proposal could not go directly to the plenary of the Chamber of Deputies, but that July. Guedes stressed that the last word would go to President Jair Bolsonaro, still recovering from a colostomy reversal in São Paulo. the fear of a new ruling from the US government. In his State of the Union address on Tuesday night, Trump offered no surprise, but did not lean against the wall at the Mexican border.

The market was also frustrated by the lack of specific comments on trade agreements between the United States and China. The President did not go into detail, he only stated that an agreement with Beijing would only be possible if the other party agreed on a "real structural change".

(with Reuters)