The stock market closes in the fall after breaking a record; dollar falls to $ 3,666 – 05/02/2019



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Ibovespa, the main index of the Brazilian Stock Exchange, closed Tuesday (5), down 0.28%, to 98,311.20 points, after recording the highest closing score of the Eve. The commercial dollar closed down 0.17%, quoted at R $ 3 666 in the sale.

Monday (4), the stock market rose 0.74% to 98,588.63 points, and the dollar was up 0.29% and closed at R $ 3,673.

The value of the dollar revealed daily by the press, including UOL means the commercial dollar. Among the biggest drops of the day, shares of Itaú Unibanco plunged 4.26%, after the company released its balance sheet for the fourth quarter of 2018.

Itaú loses 4.26%

Dona da Sadia rises 6.5%

The shares of BRF, owner of Sadia and Perdigão, rose by 6.5% after the approval of its board of directors. Ivan Monteiro's appointment appointment to the Vice Presidency of Finance and Investor Relations.

Banks Banco do Brasil (+ 2.92%) and Petrobras (+ 0.63%) also posted record results. The shares of Bradesco (+ 0.04%) and Vale (-0.09%) were virtually stable.

Social Security Reform

Investors followed the information on social security reform. On Tuesday, Economy Minister Paulo Guedes and House of Representatives Speaker Rodrigo Maia (DEM-RJ) held a meeting to discuss the proposal the government intends Send to Congress.

After the meeting, Maia stated that he intended to table the bill in the House until May, while Guedes said that the change to the pension system could generate a saving of 1,000 billion rubles in ten or fifteen years.

Some market participants still view the proposal with caution, mainly because of differences of opinion within the government itself, particularly with respect to the minimum age of retirement.

External Scenario

Overseas, the market is waiting for the speech of US President Donald Trump in the evening. Tuesday, during which he should put pressure on the wall of the Mexican border, in addition to tackling foreign policy issues such as Venezuela and trade negotiations with China.

A sina Trump's favorable business climate can fuel risk appetite, which has been moderately motivated by the strength of US employment data and a more moderate approach to labor market sentiment. Federal Reserve (Fed).

] Activity in British Columbia

On Thursday, the CB sold 10.33 million foreign exchange swaps, which equates to the future sale of dollars. In this way, a total of $ 1.549 billion out of a total of $ 9.811 billion expiring in March is calculated.

Understanding the functioning of the dollar exchange

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