Bovespa continues to rise this Monday, financial speculators, entrepreneurs, and market businesspeople are celebrating with excitement, it seems that the Government has a strategic plan to get out of the economic crisis.
The B3, the main index of the Brazilian stock exchange, continues to operate on the rise this Monday (27), following the climate of greater optimism abroad regarding the easing of measures to combat the coronavirus and after comments by President Jair Bolsonaro about his relationship with the Minister of Economy, Paulo Guedes.
Bovespa continues to rise in the market
According to a report by Valor Econômico, Brazil's leading financial portal. At 11:14 am, the Ibovespa rose 3.43%, to 77,911 points. See more quotes below, as published by G1 Economia:
To the surprise of many, the sector Via Retail jumped more than 9%, after the owner of Casas Bahia and Ponto Frio, announced the purchase of the Curitiba startup ASAPlog, specialized in urban logistics solutions and connecting carriers in long-distance stages.
For those who follow Embraer's shares, we knew that there was a drop of 11% after Boeing terminated the deal valued at US$ 5.2 billion between the two companies. Earlier it had fallen 15%. Embraer disagrees with the terms of the break with Boeing and says it will seek compensation.
Dollar was traded down on Bovespa.
Over the weekend, the stock market had closed the day with a drop of 5.45%, at 75,330 points. In the partial month, the Ibovespa still accumulates an increase of 3.16%. In the year, the loss is 34.86%.
Regarding the economy, Bolsonaro spoke once again in an arrogant tone: that Paulo Guedes is the one who decides. He stated this Monday, when he gave a press conference at the exit of the Palácio da Alvorada, that the “man who decides the economy” in Brazil is the Minister of Economy, Paulo Guedes.
However, Guedes said the government remains firm in its economic policy of fiscal responsibility. He said the extraordinary public spending made as a result of the coronavirus crisis is an “exception” in the conduct of economic policy.
The market began to estimate a 3.34% GDP contraction in 2020,
Contrary to this option, which according to the government is only hoping to fail, according to a Focus survey by the Central Bank released this Monday, several banks and consultancies assess that the country runs the risk of facing a new recession. The International Monetary Fund (IMF) predicts a 5.3% drop in Brazil's GDP this year, but everything indicates that we will have more emotions this week.
Anyway, for more information, stay tuned to our portal!
Source: Economic Value