The deceleration of the North American economy and the deflation in August in Brazil helped to hold back the pressures on the financial market. The dollar and the stock market closed close to stability.
The commercial dollar ended this fourthon Friday (24) sold at R$ 5.11, up by R$ 0.012 (+0.24%). The quotation reached R$ 5.08 in the late morning and early afternoon, but returned to high near the end of negotiations.
In the stock market, the Ibovespa index, from B3 [Bolsa de Valores de São Paulo], closed at 112,898 points, up just 0.04%. The indicator operated with gains for most of the day, but lost strength in mid-afternoon, driven by mining stocks.
The disclosure that the sale of durable goods in the United States in August performed worse than expected reduced pressures on the exchange rate. The slowdown in the US economy reinforces expectations that the Federal Reserve (Fed, Central Bank of the United States) raise basic interest rates by 0.5 point at the next meeting, decelerating the pace of monetary tightening in relation to the last two readjustments.
capital flight
Higher rates in advanced economies encourage capital flight from emerging countries such as Brazil. If the Fed raises interest rates less than expected, it will benefit the Brazilian financial market, reducing pressures on the stock market and the dollar.
On the plan Sunethically, the announcement that the preview of official inflation was negative in August encouraged some investors. In August, the National Consumer Price Index 15 (IPCA-15) registered deflation of 0.73%. The data boosted shares of companies in sectors linked to consumption Sunethical, such as retail companies, preventing the stock market from closing down.
*With information from Reuters
