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On the first day of Jair Bolsonaro's (PSL) government, the dollar closed and the stock market reached a record high. The change comes at a time when the new Minister of Economy, Paulo Guedes, had promised major portfolio changes during the new government.
The United States currency closed at R $ 3.8087, which represents a negative change of 1.69%. B3, the official stock market in Brazil, rose by 3.56%, totaling 91,012 points at the close on Wednesday 2, reaching a record high. The previous record of 89,820 points was recorded on December 3, 2018.
Following the same tone of the campaign, the "post Ipiranga" of the new government announced significant economic changes in the first month of the ministry of the 39; Economy.
Next to this speech, Guedes promised a "deluge" of actions in the coming days. A series of infra-constitutional measures should be launched in the first 30 days, while the structural reforms, on which the National Congress must decide, should await the inauguration of the new Congress.
Privatizations and Concessions
The new Minister of Mines and Energy, Bento Albuquerque, announced Wednesday (January 2nd) that the privatization process of Eletrobras would continue. The best-performing stocks at B3 were Eletrobrás, up 20.72%, and Eletrobrás GNP, up 14.52%.
With Agência Brasil
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