Yesterday, Thursday (19), Ibovespa closed up 2,15%, at 68,331 points.
The B3 is on the rise. The main index of the Brazilian stock exchange remains up for the second consecutive day this Friday afternoon (20), in line with the recovery in international markets. These are evaluating the measures announced by central banks and governments, which promise large amounts of money to reduce the economic impacts of the current coronavirus pandemic.
At 1:55 pm today, the Bovespa index was up 1.97%, at 69,678 points.
Among the standout gainers were Azul and Gol, which rose more than 21% after recent sharp declines. These gains were aided by measures for the civil aviation sector, in addition to the companies' own shares. As of Wednesday, the shares had accumulated losses of more than 80% each.
While the dollar is trading lower, returning to the R$ 5 level.
The Ibovespa closed up 2,15%, at 68,331 points, this Thursday (19). A truce in the face of recent sharp losses. Which, in turn, were responsible for the index reaching its lowest intraday since July 2017 earlier in the previous session. Over the course of the week, however, the index fell by around 17%, with a negative performance of more than 40% in 2020.
National and international scenario
Abroad, European stock markets rose for the second consecutive session this Friday.
The decline in pessimism was reflected across global stock markets, as several countries debated direct financial aid measures for companies and workers.
"The joint action of governments and central banks promotes a kind of cautious optimism amid the worsening crisis," the Guide Investimentos team emphasized in a note given to clients.
For Moody's, a credit rating agency, a sharp contraction in the global economy, at least in the second quarter, appears practically certain.
In Brazil, the government announced the day before that it plans to pay aid to workers earning up to two minimum wages who are affected by the reduction in working hours and wages proposed this week by the federal government. It also announced that it intends to pay for the first 15 days of absence if the worker has contracted the coronavirus.
For more on the economic developments in the face of the coronavirus pandemic, Click here.