The announcement that the US economy grew more than expected brought stability to the financial market. The dollar had a small fall, but retreated for the fourth time in a row. The stock market fell slightly, despite the negative performance in Petrobras shares.
The commercial dollar ended this Thursday (26) sold at R$ 5.074, with a decrease of only 0.11%. The quotation started the day on a high, reaching R$ 5.11 shortly before 11 am. After the opening of the North American market, however, it began to fall, reaching R$ 5.06 at the low of the day, around 12:30 pm.
The US currency is at its lowest value since November 4. The currency accumulates a drop of 2.55% in the week and 3.88% in 2023.
In the stock market, the day was marked by volatility. The B3 Ibovespa index closed at 114,177 points, with a slight decrease of 0.08%. The indicator even fell 0.58%, driven by Petrobras shares, but gained strength again with the performance of steel and mining shares, which rose due to the appreciation of commodities (primary goods with international quotation) caused by the reopening of the Chinese economy.
The most traded shares on the stock exchange and with the greatest weight in the Ibovespa index, Petrobras shares fell after the election of former Senator Jean Paul Prates as the new president of the state-owned company. Ordinary shares (with voting rights at shareholders’ meetings) fell by 2.79%. Preferred shares (with preference in the distribution of dividends) retreated 2.75%.
Abroad, the international market reacted well to the disclosure that the Gross Domestic Product (GDP) of the United States grew 2.9% in the fourth quarter at an annualized rate (when the rate for one quarter is projected for the next three quarters). The indicator came in higher than expected and led to an increase in US stock markets by reducing fears of recession in the largest economy on the planet.
* With information from Reuters
