After another day of tension in the global market, the dollar closed at R$ 5.26 and set a new nominal record. The stock market fell close to 3%.
In yet another day of panic in global markets, the stock market fell almost 3% and returned to last week's levels. This Wednesday (1), the commercial dollar closed the day being sold at R$ 5.261, with an increase of R$ 0.067 (+1.29%).
On the day, the dollar reached the mark of R$ 5.27, and once again broke a new nominal record in the history of the creation of the real. Soon after, the Central Bank (BC) intervened in the market.
The Central Bank sold US$1.5 billion of its international reserves. The Central Bank also renewed US$1.5 billion in foreign exchange swap contracts – equivalent to the sale of dollars on the futures market – that were due to expire in May. The currency has accumulated a rise of 31.11 billion this year.
The Ibovespa index, from B3, the Brazilian stock exchange, closed the day at 70,967 points, with a drop of 2.81%. This year, the indicator has accumulated a drop of 38.63%.
The index followed the overseas market, affected by the prospects that the United States economy will be more affected by the coronavirus pandemic than expected. The Dow Jones index, on the New York Stock Exchange, ended the day with a drop of 4.44%.
Oil
The escalating oil price war between Saudi Arabia and Russia came to a halt on Wednesday. Oil production is being increased by both countries, which has led to a global drop in prices.
Yesterday (31), the price of a barrel of Brent crude oil reached its lowest level since 2002. It reached US$ 22.74, and today at around 6:00 p.m. it was at US$ 25.61. This increase contributed to the rise in Petrobras shares, which are the most traded on the stock exchange. Common shares (with voting rights at shareholders' meetings) appreciated 0.5% this Wednesday. Preferred shares (with preference in dividend distribution) rose 2.22%.