Influenced by the domestic scenario and the performance of the US economy, the financial market had a mixed day. The dollar rose, and the stock exchange reversed the fall near the end of the session and rose for the first time after three straight declines.
The commercial dollar ended this Monday (6) sold at R$5.174, up R$0.026 (+0.51%). The quotation operated on the rise throughout the session and reached R$ 5.21 at the maximum of the day, around 2:40 pm. In the final hours of trading, it slowed down, but kept rising.
The US currency is at its highest level since January 23, when it was at R$5.20. Despite today’s rise, the currency has accumulated a 2.01% drop in 2023.
In the stock market, the day was also marked by volatility. The B3 Ibovespa index closed at 108,722 points, up 0.18%. The indicator operated in lows for most of the day, but reversed the trajectory near the end of the session.
Driven by the increase in oil prices in the international market, shares of oil companies pulled the stock market up, mainly Petrobras, the most traded shares. The state-owned company’s common shares (with votes at a shareholders’ meeting) rose 3.63%. Preferred shares (with preferred distribution of dividends) appreciated by 3.99%.
Both external and domestic factors influenced the market. In Brazil, President Luiz Inácio Lula da Silva once again criticized the high interest rates of the Central Bank during the inauguration of the new president of the National Bank for Economic and Social Development (BNDES). The statement was poorly received by investors.
In the international market, the dollar rose against the main currencies of the planet because of the economic situation in the United States. The announcement that the US economy created 517,000 jobs outside the agricultural sector in January was poorly received by international investors.
The good performance of the labor market increases the possibility of the Federal Reserve (Fed, US Central Bank) raising basic interest rates by 0.5 percentage points at the next meeting after raising the rate by 0.25 points last Wednesday. fair (1st). Higher rates in advanced economies put upward pressure on the dollar, especially in emerging economies such as Brazil.
*With information from Reuters
