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Ibovespa, the main index of the Brazilian Stock Exchange, closed down 3.74% Wednesday (6), to 94 635.57 points. This is the second lowest followed and the largest daily devaluation in more than eight months, since May 28, 2018, when the index fell by 4.49% due to fears of a truckers strike . It is also the lowest closing level since January 16 (94,393.07 points).
The commercial dollar closed up 1.09%, quoted at R $ 3,707 in the sale. This is the strongest daily appreciation since two weeks since Jan. 22, when the US dollar rose 1.25%.
The stock market closed down 0.28% to 98 311.20 points the previous day. the dollar closed the day with a drop of 0.17% to 3 666 rand.
The dollar value revealed daily by the press, including UOL refers to the commercial dollar. Markets have been affected by concerns over a possible delay in Congressional pension reform and the fear of a new US government closure (), to read below.
Of the 65 values listed in the Ibovespa, only one closed: Suzano Papel e Celulose (+ 1.18%) .
. The biggest drop of the day, shares of Cielo lost 7.42% and those of JBS, owner of Friboi, fell by 6.34%. The shares of Banco do Brasil (-6.09%) Vale -4.88%), Bradesco (-4.71%), Itaú Unibanco (-4.21%) and Petrobras (-2.15 %) also experienced strong devaluations. Investors were wary of the progress of pension reform speculating on the possibility of delays in the processing and approval of the text.
the market players, the firm position of the allied parliamentarians with President Jair Bolsonaro, targeting the opposition parties, contribute to the erosion and escalation of tensions within the Congress, This can hinder the range of voices needed to adopt a reform. The market reacted positively Tuesday to the statement of the Minister of Economy, Paulo Guedes, according to which the government wanted a proposal that would save at least $ 1 trillion in ten years. But, according to Guedes, the word of the end of the proposal will come from Bolsonaro, who is still recovering from his operation in São Paulo
"Without an actual evolution [do presidente Jair Bolsonaro] things will not happen., And the market must keep tipping, "Reuters news agency quoted Cleber Alessie Machado, securities brokerage firm H.Commcor as saying.
External Scenario
In the external scenario, the focus was on the previous day's speech on the state of the Union pronounced by the President of the United States, Donald Trump. Trump called on Democrats and Republicans to reach an agreement by Feb. 15 to build the Mexican border wall, raising fears of another government shutdown.
Performance of the Central Bank
During this session, the Brazilian Central Bank sold 10,333,000 traditional foreign exchange swaps, which is equivalent to the future sale of dollars. After the markets close, the Central Bank is expected to announce its decision regarding the Selic interest rate.
After the closing of the markets, the beneficiary country must announce its decision regarding the Selic interest rate. This will be BC's first decision under President Jair Bolsonaro's government.
(With Reuters)
