The dollar pulls 1.5% and surpasses R $ 3.86, the market defying British Columbia; Ibovespa accelerates losses



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Dollar

SÃO PAULO – While Ibovespa accentuates losses abroad, the dollar continues to accentuate gains Wednesday afternoon (27), testing the level of R $ 3.85, the market challenging the central bank even after new performance in the morning. With this, some badysts have already commented that the authority should resume swap auctions, but there is no certainty because of the low volume of this session before the game of Brazil in the World Cup.

Among the factors that lead the market to test the CB are the dollar's very high dollar abroad, in addition to the repercussion of the CMN's decision to reduce the inflation target for 2021 and also not to show signs of closing stages of monetary policy. At that time, at 14:26 GMT, the dollar was up 1.53%, quoted at R $ 3.8262 in the sale, to reach R $ 3.8626 at the height of the day.

Meanwhile, Ibovespa is accelerating losses, following the demotion on Wall Street, where the shares of technology companies collapse in the face of fears of the US-China trade war. The index is down 0.88% to 70,775 points, after falling 1% earlier. At the same time, forward contracts maturing in January 2019 and 2021 accelerate increases and increase by 7 and 14 basis points respectively to 6.99% and 9.55%, thus contributing to souring the market.

Last night, the CMN revised the 2021 inflation target from 4% to 3.75%. For badysts, despite their commitment to the target plan, the impact on expectations tends to be partially limited by electoral and external uncertainties.

The US government has decided to rely on existing laws of the Foreign Investment Committee, which were updated by Congress, to restrict China's investment in the country, abandoning the Consideration of alternative approaches that would allow it to impose narrower limits. "Such legislation will provide additional tools to combat predatory investment practices that threaten our technological leadership, national security and future economic prosperity," Trump said in the statement.

In recent weeks, the United States has threatened to impose duties of up to $ 450 billion on Chinese products. In response, Beijing promises to respond in the same proportion. More recently, reports have shown that Washington is preparing to restrict China's investment in US technology companies.

On Monday, US Treasury Secretary Steven Mnuchin said the rumors were false and that any measure would apply to "all countries", not just China. Already in a contradictory statement, the White House's economic adviser, Peter Navarro, told CNBC that the United States had no plans to impose restrictions on the company. foreign investment.

Market Highlights

On the plus side, in addition to shares of Vale and Petrobras, the highlights for Marfrig's shares, which sparked rumors about the sale of a US subsidiary. On the other hand, the shares of Localiza and Cemig, who led the gains during the last trading session, correct some of the valuation.

The biggest losses among the parts that make up the Ibovespa are:

Cod. Active R $ bed Day % Year Flight1
ELET6 ELETROBRAS GNP 13.71 -5.12 -39.60 20.56M
RAIL3 RUMO S.A. ON 13.09 -4.66 0.93 60.54M
CMIG4 CEMIG PN 7.01 -4.50 + 8.45 36.03M
ELET3 ELETROBRAS ON 11.96 -4.32 -38.16 23.25M
GOLL4 GOL PN N2 10,02 -4.30 -31.37 25.89M

The largest increases among the shares that make up the Ibovespa are:

Cod. Active R $ bed Day % Year Flight1
PETR4 PETROBRAS PN N2 16.59 3.43 +3.25 875.23M
PETR3 PETROBRAS ON N2 19.09 +3.08 13.09 141.74M
CIEL3 CIELO ON 15.98 1.65 -30.88 45.10M
TIMP3 TIM PART S / AON 12.95 1.65 -0.20 21.96M
KLBN11 KLABIN S / A UNT N2 19.80 1.54 14.32 32.55M
* – Lot of thousand shares
1 – In Reais (K – Thousand | M – Million | B – Billion)

Read also:
– Attention traders: see the risks of trading on the stock market during the games of Brazil
– World Cup: all that will happen on the market on the days of games in Brazil
– Can a cup match affect the Ibovespa? The unforgettable "7 to 1" is the proof that yes

News of the day

Recent Supreme Court decisions continue to be newspaper highlights. According to columnist Mônica Bergamo, Folha de S. Paulo, the decision of Minister Edson Fachin to bring to the Supreme Court the request for Lula's release ignited the PT's yellow light. In justifying his initiative in writing, he referred to the law on ineligibility. This caused the Supreme Court to decide whether or not to run for office after being found guilty in a second instance. A possible decision against Lula's candidacy would now disrupt the timetable set by the PT.

On the other hand, in the same newspaper, the Panel's topic indicates that Edson Fachin's decision to refer Lula's new application to court has led the PT to take a turn in its legal strategy; now, the pressure will be the end of the prison in second instance.

Meanwhile, Valor Econômico points out that the toucan Geraldo Alckmin is the target of another attempt to change the party's candidate to the presidency. Led by the Centrão da Câmara, the maneuver is to put in place the former mayor of São Paulo, João Doria. The same newspaper also notes that the majority of the PSB supports the alliance with the presidential candidate of the PDT, Ciro Gomes.

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