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SÃO PAULO – The Federal Reserve's (Fed) monetary policy decision caused great instability at Ibovespa during the last part of Wednesday's trading session and quickly wiped out the top market level throughout the day.
After reaching 1.72% at the best time of the day, at 88,101 points, Ibovespa closed down 1.08% to 85,674 points.
The Fed raised the US interest rate by 25 basis points to a range of 2.25% to 2%. 5% per year. The estimate of interest at the end of 2019 has fallen to 3.1% per annum, with a reduction in the estimate of increases for the coming year from three to two. Following the release of the Fed's statement, Fed Chairman Jerome Powell said that future interest rate increases in the country "involve a high degree of uncertainty."
For an economist, the market expects the Fed to make a favorable decision on a policy of low interest in its communication and, although the US monetary authority has indicated it, the General feeling was one of frustration. "The balance remains positive for emerging countries, but expectations have dropped," he says.
In the midst of this turbulence, almost all the main actions of Ibovespa have become negative. Vale ON (-2.78%), Itaú PN (-1.34%), Bradesco PN (-1.43%) closed after spending the whole day at the top; Petrobras PN reduced its gains and finished with 1.14%, while BB ON remained stable.
Petrobras ON has already decreased by 1.63% – the disparity with respect to the performance of the preferred shares appears in the context of the announcement (JCP) of an amount of 4.29 billion R $, which corresponds to a gross amount of R $ 0.05 per ON paper and R $ 0.70 per PC. According to the traders, the announcement motivated a movement of exchange between the two badets, since the compensation will be based on the position of the shareholder as of December 21st.
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