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SÃO PAULO – The last line of Thursday's trading session was very hectic, with Ibovespa almost erasing his losses against rumors that the center could line up to support Geraldo Alckmin , which would give much strength to the Toucan candidate in the electoral contest. The move also toppled the dollar, which had already sunk earlier with President Donald Trump criticizing US interest rates.
The Brazilian stock index closed up 0.16% to 77.486 points, after falling 1.90% at the bottom of the day. The dollar, on the other hand, edged up 0.09%, trading at Rs.3.84848 in sales, its lowest level of the day, after jumping 1.1% to hit 3.98987 R $ maximum. With about 20 minutes of closure, the index fired after news of progress in the Center's discussions to support Alckmin. According to Estadão, Senator Ciro Nogueira, national president of the PP, informed state leaders that the acronym will support the former governor in the race for the presidency. According to the newspaper, the official announcement is to take place on July 26, with others from the center, such as DEM, PR, Solidariedade and PRB.
If this support is earned, Alckmin will receive the hour of television, giving strength to him in the race for the Plateau. Although this news does not automatically mean an agreement and an alliance, it is clear that Alckmin has gained momentum right now, said XP's political team.
In a joint note, the parties of the Centrão did not confirm the information. "Progressives, PR, PRB, Democrats and Solidarity reaffirm the unity and commitment to build a common project for this year's elections." The moment is to consider together the best way for Brazil 's future. the role that the Democratic Center will play in this election, each party will hold internal consultations in the coming days to publicly announce a joint decision next week.
Trump Stirs the Market
] Already abroad, Trump hit the Dollar around the world after an interview with CNBC to express his frustration with the Federal Reserve and say that the Central Bank US could halt the country's economic recovery.He said he did not approve interest rates, although he noted that he "was placing a very good man "to the Fed quoting Chairman Jerome Powell.
" I'm not enthusiastic, "said Trump." Because we've made progress [na economia] and every time you get better, they want to increase rate. I'm not really – I'm not happy, but at the same time, I let them do what they think best. "19659004] Earlier, Republican statements threatened the European Union and have stated that she was planning to apply customs duties of 20% or 25% on cars coming from the bloc if next week's meeting with European authorities "We say that if we do not negotiate something right, we have a huge capacity of punishment that we do not want to use, but we have great powers, "said Trump.
Spokesman Gao Feng said that he would adopt "targeted measures" in response to US stocks against Chinese products in order to balance the loss of profits caused by tariffs on steel and aluminum: "the United States have provoked and continuously reinforce the trade war, which poses major challenges to bilateral economic and trade cooperation, "he said in an interview. It should be recalled that last Tuesday (10), Trump imposed new rates of 10% on 200 billion US dollars of products imported from China.
Market Highlights
On the plus side, Kroton's shares were a highlight, leaping over 5% and leading to ibovespa gains. Already among the biggest losses, let's highlight the roles of Gol, which decline after having increased by 20% this week.
| Assets | Cot R $ | The most significant increases among the stocks that make up the Bovespa index were:
Last price first, among the titles composing the Bovespa index, were:
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