São Paulo Stock Exchange reaches the highest level of history | New



[ad_1]

The expectation of a reform of the economy by the Bolsonaro government has led the São Paulo stock exchange to the highest level in its history.

PSL, the party of President Jair Bolsonaro, announced on Wednesday (2) its support for the re-election of the deputy Rodrigo Maia, MP for Democratas, as President of the Chamber. The decision also encouraged the market.

A day to celebrate. The dollar fell 1.69% and is now worth R $ 3.81. Ibovespa ignored the poor performance of international stock markets and climbed 3.56%. Closed, unpublished, 91,000 points. This was the best post-New Year trading on the Brazilian Stock Exchange in the last 10 years.

The market has such a good mood that it even makes jokes. And this Wednesday (2), it is that Christmas has finally arrived. Usually, the stock market rises at the end of the year. Investors expected the Ibovespa to go up by 90,000 points in December. But it has only happened now, in this first day of negotiations, filled with good news.

One of the stars was Eletrobrás, up 14.5%. The new Minister of Mines and Energy, Admiral Bento Albuquerque, said he would continue the privatization of the company and leave the current president at the helm. Wilson Ferreira Júnior is well known in the market.

Other state companies also appreciated, with the perception that there could be less political intervention in the management of business and, consequently, greater efficiency . Shares of Petrobras, for example, rose 6% on Wednesday.

"These companies are large, they are mostly in a monopoly, they have control of the energy, water and wastewater market, and then they will become more efficient. So it's natural that the profits they will generate in the future will be bigger, so the market has already made a bigger profit tomorrow, and today I'm giving more value to those companies and we're seeing the actions. value, "says Victor Cândido, Chief Economist Investment Guide

. statement of support of the PSL, the party of Jair Bolsonaro, Rodrigo Maia, to the re-election to the presidency of the Chamber of Deputies. The financial market believes that Maia is important for the approval of reforms advocated by the government economic team.

"The market is very much political news, even because the future of the country and the realization of these figures – good stocks – for that they continue to increase, depend on the unlocking of the political agenda, such as pension reform, "adds Victor.

[ad_2]
Source link