Ibovespa widens its loss and falls 1.08% after the Fed added volatility



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© Reuters. The São Paulo Stock Exchange increased its losses during the closing adjustment and ended Wednesday with a 1% drop in the session, after the end of the session.

By Paula Arend Laier

SÃO PAULO (Reuters) The US Federal Reserve added volatility to the last hour of the trading session.

Brazilian market benchmark, Ibovespa lost 1.08% to 85,673.52 points. The financial volume of the session amounted to 16.445 billion reais.

The Fed has confirmed market forecasts and raised interest rates in the range of 2.25% to 2.5%. He also reduced the number of highs expected for 2019 and estimated the slowdown in the US economy even though he still considers him healthy.

Before the content of the Fed's statement was known, Ibovespa had risen 1.7%. , above 88 thousand points.

"Obviously, we expected more," said Igor Lima, a partner at Galt Capital, adding that, under the recent pressure of various sources, the market could hope that the Fed would adopt an even more homogeneous position. "

" In the United States, it is not until the end of the year that the United States,

In local news, the focus was on the decision of the Minister of the Federal Supreme Court, Marco Aurélio Mello, to suspend, as a preliminary, the prisons of

HIGHLIGHTS

– VALE (SA) lost 2.78%, while trading sessions in New York have widened. losses. (19659012) – ITAÚ UNIBANCO PN fell by 1.34%, also contaminated by the general deterioration of the stock market, as well as by BRADESCO PN (SA), which closed at a minimum of 1.43%.

PETROBRAS PN (SA 🙂 closed at a maximum of 1.14%, but far from the maximum, supported by high oil prices and announcement of the allocation of interest on equity. PETROBRAS ON (SA 🙂 gave a yield of 1.63%. ELETROBRAS ON (SA 🙂 obtained a yield of 4.11%, having as general information the newspaper Valor Econômico on the projects of the new government for the Angra 3 factory, with maintaining state involvement in the operation.

– MULTIPLAN grew by 1.91% and brMalls grew by 0.47%, according to the BTG Pactual radar report. (SA 🙂 reiterating a positive vision of the shopping center sector in the country.

– EMBRAER (SA), a company strongly established in the Brazilian market, lost 3.03%, also affected by the deterioration in the mood of the stock market, after climbing 3.5% over the two previous trading sessions.

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