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The Ibovespa main index of the Brazilian Stock Exchange, hit a record Wednesday (23). The index closed up 1.53% to 96,558.42 points, its highest closing score in history. This is the tenth highest record this year – the last was reached on Friday (18), when the stock market reached 96,096.75 points.
The commercial dollar closed down 1.11%, quoted at R $ 3 763 in the sale, after six consecutive highs. This is the lowest daily level recorded for almost three weeks since January 3 (-1.46%). On the eve, the currency rose 1.25% to R $ 3,806 and the stock market fell by 0.94% to 95,103.38 points.
The dollar value published daily by the press, including UOL refers to the commercial dollar.
Kroton jumps by more than 7%
In the highest peak of Ibovespa that day, the actions of the educational group Kroton jumped by 7%, 33%, after the company presented to the market a estimate of the improvement of its results this year.
Among the highlights of the stock market, the shares of Banco do Brasil (+ 1.19%), the mining company Vale (+ 1.03%), the Bradesco (+ 1.71%), %) and Itaú Unibanco (+ 0.67%) closed higher.
Pension Reforms
In Davos, Switzerland, the Minister of the Economy, Paulo Guedes, told Bloomberg TV that the highest priority of the government was the pension reform and that will reduce more than half the difference in the public accounts as a result of the measure.
"Although this expectation of deficit reduction in 2019 is very optimistic, its position [Guedes] to talk about what the market wanted to hear gave this force to the real," said the broker of the H operator .Commcor, Cleber Alessie Machado.
Since Monday (21), the market was waiting for information about the pension reform in Davos, which was somewhat frustrated after a This Wednesday, a press conference attended by Guedes and Bolsonaro was canceled at the last minute but the general speech of the president Jair Bolsonaro Tuesday (22).
Commercial War
The market also followed the course of the trade war between the United States and China. On Wednesday, White House economic adviser Kevin Hbadett said that there could be an agreement between the two countries by March 1st.
"There is a lot of progress to be made, but the situation is very difficult at the moment.The Chinese recognize that they have a significant potential for gain through an agreement because their growth has really dropped", Hbadett told CNN in an interview.
Performance of British Columbia
meeting 13,400 traditional currency exchange contracts, equivalent to the future sale of dollars. In this way, it has injected 10.72 billion USD out of a total of 13.398 billion USD, expected in February. If you keep this daily offer and sell it by the end of the month, you will get the full roll.
(With Reuters)
