The dollar has a new day of sharp fall and rises to R $ 3.80; Ibovespa closed slightly lower at 0.2%

SÃO PAULO – After rising 1.18% on the high of the day, reflecting the good performance of the American Depositary Receipts (ADR) last Monday, when the B3 was closed, Ibovespa closed 0 , 2% to 74,862 points. Blue chips, such as Petrobras (PETR3, PETR4) and banks lost strength in the afternoon, while Vale's shares (VALE3) fell to around 1% in a weak market environment. dollar, the exporting company, as well as Suzano (SUZB3), which also suffered heavy losses. The financial volume of the stock market was R $ 10.73 billion.

The Dow Jones Brazil Titans Index, which groups the main ADRs of Brazilian companies, rose 1.17% the day before, with no Brazilian stock market due to the 1932 constitutional holiday in the state of São Paulo. , reaching 19,472 points. Strengths were Petrobras' PBR badets, which rose 2.5% and closed at USD 10.69, while BRF, in turn, rose 4.4%, after Barclays raised its recommendation Company badets (click here and see more details on the market movement on vacation). However, during the trading session, the movement lost momentum.

"The market does not have the strength to maintain a high bias and break the 75,000 points without investors betting on the short term," said Ari Santos, head of Bovespa's office of H. Commcor at Bloomberg.

The dollar has further accentuated losses, following a positive scenario abroad for emerging currencies and also in a post-adjustment holiday movement. Debt closed down 1.74%, to 3.77975 reals on sale. However, as pointed out the exchange manager of Wagner Investimentos, José Faria Júnior, the dollar continues in a strong bullish trend and a correction to R $ 3.78 will offer a purchase, the final target being the range of 4 , 00 R $ (see more by clicking here).

In the futures market, the contracts maturing in January 2019 and 2021 closed down 0.07 percentage points and 0.18 percentage points, at 6.79% and 9.10% respectively. % respectively.

19659003] Despite the quiet day of the market, investors keep a watchful eye on the unfolding political events after Sunday's battle over the attempted release of former president Luiz Inacio Lula da Silva

According to strategists, the Lula imbroglio has not changed the price-sensitive scenario in the market, with investors predicting the scenario that Lula will not be able to compete. However, it is worth keeping an eye on him: according to today 's newspapers, the PT sees itself as the winner of Sunday' s imbroglio, which would reinforce the narrative that the PT is persecuted by justice.

This afternoon, STJ (Superior Court of Justice) Minister Laurita Vaz refused a new habeas corpus to the former president, while the president of the Superior Court of Justice (STJ) refused a new habeas corpus. (10) to open the 10 preliminary investigations that reached the CNJ (National Council of Justice) against judges Rogerio Favreto, Joao Pedro Gebran Neto and Federal Judge Sérgio Moro.

The highs and lows

The CVC, which fell sharply last Friday after market data weaker than expected, has again a good day on Tuesday, as well as Suzano, who has Active [19659012] Cot R $ % Day The most important of the parts that make up the Ibovespa are:

Clear offers the lowest brokerage in Brazil; Click here and open your account

Weekly Agenda

Tuesday's economic agenda is weak, highlighting June data on producer prices and machine orders Japan, the being revealed at 20h50

During the week, the main national data will be the May PMC (Monthly Trade Survey), which according to GO Associados should decrease by 1.6% in the restricted concept (at the Excluding cars and building materials) and 4.1% in the expanded concept. The data will be published by the IBGE on Thursday at 9am. On Friday, the service data will be published.

In the United States, the market evaluates consumer inflation data on Thursday at 9:30 pm, looking for any signs of a higher rise than inflation, which could increase interest rate. The median estimate of the annual CPI shows a slight acceleration from 2.8% to 2.9% in June. The Federal Reserve, on the other hand, will release the Monetary Policy Report on the 13th, which will precede Jerome Powell's speech to Congress the following week.

Lula's case and more political news

Although ADRs do not show a big impact, the chaos generated last Sunday with the battle to find out if Lula has released calls to domestic politics. On the morning of July 8, Rogério Favreto, a member of the TRF-4, affiliated with the PT for nearly 20 years, accepted an application for habeas corpus and ordered the release of Lula, which surprised all of Brazil and created a

After this first decision, Judge Sérgio Moro refused to comply with the injunction saying that Favreto, as a court official, could not have made the decision. As a result, he remanded the case to TRF-4 rapporteur João Pedro Gebran Neto, who ordered the former president to remain in detention. This was not enough for Favreto, who reiterated his decision to release the former president, stipulating a deadline that lasted until 17:12 on Sunday. However, nothing happened until then, and about an hour later, the President of the Court, Carlos Eduardo Thompson Flores, decided not to respond to the request, thus ending the conflict.

] – 8 questions to understand the legal confusion that nearly dropped Lula
– William Waack: Two evils were created with "liminal war" to free Lula
– Rogério Favreto: who is the TRF-4 judge who failed to release Lula