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Signs of the Bolsonaro Government that it will forward to Congress soon the proposal of Social Security Reform and that the military be included in the changes to the rules of retirement were brought Ibovespa ended the month of January with a maximum of 10.82%.
In addition, prospects for improving the national economy and, as a result, corporate balance sheets have led to stock market purchases. On Thursday, the index exceeded the unprecedented 98,000 points during the trading session, but ended up valuing 0.41%, at 97,393.74 points mostly driven by gains bank shares.
On the foreign exchange market, the US dollar closed down 0.99% against the real, valued at R $ 3.66590 – lower value since October 26 – accumulating a devaluation of 5, 59% in January.
"If Vale were not in decline, the stock market could move closer to 100,000 points," said Victor Martins, an badyst at Planner Corretora Investimentos. Among the blue chips, shares of large companies enjoying a good reputation and high liquidity, Bradesco PN closed up 5.65%, Banco do Brasil ON, 2 , 53%, Itaú Unibanco PN, 1, 73% and Santander units, 0.15%. In New York, the indexes worked without a single direction, with the Nasdaq gaining more than 1%, helped by Facebook's balance sheet, but with the Dow Jones. low, in response to Chicago's industrial activity index, which hit its lowest level in two years. Data weakness has raised doubts about the global economy, which has strengthened the dollar against other hard currencies.
The more conservative stance adopted by the Federal Reserve on Wednesday, stating that it could stem US interest rate fluctuations, continued to fuel risk appetite by favoring emerging currencies such as the real.
Against this backdrop, Brazilian country risk fell on Thursday to its lowest level since March of last year and future interest rates have fallen significantly across the curve as investors oversee the states. In the data. in January and in Brazil, at the election of Presidents of the House and Senate, which takes place on Friday.
For Pedro Jobim, chief economist of Legacy Capital, it is likely that MP Rodrigo Maia (DEM-RJ) will be re-elected mayor Friday with minimal support from the left, reinforcing the vision that the pension reform will progress. Maia has already made statements to support the reform program
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