Expectations around the release of US economic data dominated the financial market this Thursday (6th). The dollar rose and once again surpassed the R$5.20 barrier. With the help of the international price of oil, the stock market had its fifth consecutive rise.
The commercial dollar ended the day sold at R$5.21, up R$0.026 (+0.5%). The price had a day of fluctuations, with the currency falling to R$5.17 shortly before 10 am and rising to R$5.22 an hour later.
The stock market had a more optimistic day. The B3 Ibovespa index closed at 117,561 points, up 0.31%. The indicator rose by 0.98% at 11 am, but decelerated throughout the day. Even so, the Brazilian stock exchange had gains for the fifth session in a row, supported by Petrobras shares, the most traded.
Petrobras’ common shares (voted at a shareholders’ meeting) rose 2.95%. Preferred shares (with preference in the distribution of dividends) advanced 3.41%. The decision of the Organization of Petroleum Exporting Countries (OPEC) to cut production continues to have repercussions on the global market.
This Thursday, the dollar rose across the planet amid expectations of job creation in the United States. If job creation slows, this will reduce pressures on the Federal Reserve (Fed, US Central Bank) to raise interest rates higher than expected.
However, new statements from Fed directors showed the body’s commitment to keeping interest rates high for as long as necessary to hold back inflation in the United States, causing the dollar to rise across the planet. Higher rates in developed countries encourage capital flight from emerging countries such as Brazil.
*With information from Reuters
