Ibovespa runs at the end and is up 0.16%

After a trading day in negative territory, the Bovespa index rose in the closing minutes of the trading session, in an immediate reaction to Broadcast news regarding the PP's support for the pre-bid of Geraldo Alckmin (PSDB). The signal that the former governor of São Paulo could have the support of the parties of the so-called "Centrão" – of which the PP is part – packed the company and canceled much of the realization of profits that marked Thursday's business session, After falling 1.90% earlier, the Ibovespa closed up 0.16%, to 77,486.84 points, at the highest of the day. The company has totaled $ 10 billion.

"The news on Alckmin's support has undoubtedly fueled the market's reaction at the end of the business.This is a factor that indicates the possibility of a consensus of Centrão around his name, but at the same time it is still early to say that the former governor will be the one chosen by the bloc, "said Ariovaldo Ferreira, director of variable incomes of H.Commer, for whom the news may have an effect punctual on business, because there are many questions to be defined below.

According to sources, Senator Ciro Nogueira, the PP's national president, today called on the party's state leaders to communicate that the acronym will support Alckmin (PSDB). According to two state presidents of the PP heard by the political broadcast, the official announcement will be the 26th and must occur with other parties of the center: DEM, PR, Solidarity and PRB.

The reversal of the Ibovespa was driven primarily by the shares of the financial sector sector, the largest block in the composition of the index. In general, these are the leading roles that reflect the improvement or deterioration of investors' risk perception, alongside the actions of public companies. Itaú Unibanco PN increased by 1.44% and Bradesco PN increased by 1.26%.

But the improvement was not enough to reverse the sharp decline in mining and steel stocks. The shares of Vale and its shareholder Bradespar were the main drop-off points, with losses of 3.93% and 3.91% – the highest of Ibovespa's portfolio. Newspapers have fallen victim to yesterday's threats by US President Donald Trump to impose tariffs on European auto imports, reducing mining and steel operations around the world.