Even with the coronavirus crisis, the Brazilian market has performed quite surprisingly in recent days. Everyone expected a horrible fall with the dismissal of Sergio Moro, but the opposite is true.
According to the portal Economic Value, the day before, Ibovespa closed up 3.93%, at 81,312 points. In the partial month, the Stock Exchange accumulates an increase of 11.36%. In the year, however, it has a drop of 29.6%.
We know that the fundamental index of the Brazilian stock exchange, B3, is operating at a high this Wednesday (29), on the day of the decision on interest rates in the United States and with investors keeping an eye on the corporate results season and economic activity data in Brazil and the USA.
At around 11:17 am, Brazil's stock exchange, Ibovespa, was up 1.54%, at 82,568 points. See more quotes.
Therefore, we know that among the highlights, Via Varejo soared 24% and Banco do Brasil rose 16%.
Corona virus – dollar is falling, below R$ 5.40.
After weeks of increases, the dollar is falling at the end of the month, falling below R$ 5.40.
Even with the coronavirus, last Wednesday, the Ibovespa closed up 3.93%, at 81,312 points. In the partial of the month, the Stock Exchange accumulated an increase of 11.36%. In the year, however, it has fallen 29.6%.
If we look at the international scenario, the markets are outlining another day of recovery, still supported by the stimulus measures announced by central banks, the recovery in the price of oil and expectations of the end of isolation or relaxation of restrictive measures in some countries.
Just look at this example: In the US, the Commerce Department reported on Wednesday that the world's largest economy shrank at an annualized rate of 4.8% in the first quarter, according to preliminary data.
Finally, we see in this week's Valor editorial that the Federal Reserve's monetary policy committee will meet via videoconference and release its statement on interest rates at 3:00 p.m. (Brasília time). The expectation is that the US central bank will signal how long it plans to keep interest rates close to zero.
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Source: G1 economy portal.