[ad_1]
The Sao Paulo Stock Exchange closed the first week of Jair Bolsonaro's power beating his third consecutive record on Friday .
Although the wave of optimism aroused by the statements
Bolsonaro took office on Tuesday, January 1 and the next day, the index Ibovespa closed for the first time to more than 90,000 points (at 91,012), with a rise of 3.56%.
Thursday, the increase was 0.61% and that day 0.3% (91,840 points).
During this last session, the index exceeded 92,000 points, encouraged by the good data from the US Employment and the cautious comments of Fed Chairman Jerome Powell on the rates of interest.
On the other hand, the real had the highest weekly valuation in three months and closed at 3,713 units per year. dollar against 3,874 on December 31
The valuation of the Brazilian currency this week was 4.32%.
But the controversial 63-year-old ex-military man calmed the initial large-scale draw with several statements, implying that, for example, the reform of the pension system deemed essential by markets to mitigate difficult fiscal situation in Brazil, would be less daring than expected.
For the consultancy Capital Economics, the markets "recorded a strong performance" This week, driven by the optimism that caused the reformist agenda promised by Bolsonaro .
This includes a vast privatization program, a reduction in the size of the state and public spending.
"But we believe that this rebound may lose momentum in a short time (…) There is still no evidence that Bolsonaro and his economic team can push for a satisfactory pension reform. Brazilian Congress very fragmented " they noted.
Bolsonaro also sowed disorientation by expressing this Friday his "concern" about the future of Brazilian aircraft manufacturer Embraer after his alliance with the American Boeing.
"This merger would be very good, but we can not, as in the last proposal, (Allow) that in five years everything can be transferred from the other side," he said. After these statements, the Embraer common shares collapsed by 5.02%.
[ad_2]
Source link
