In another day of truce in the financial market, the dollar had a small drop and remained at the lowest value since November. The stock market, which yesterday (12) had zeroed its losses for the year, fell after two consecutive days of highs.
The commercial dollar ended this Thursday (13) sold at R$5.53, down 0.1%. The price even dropped to R$ 5.50 at the lowest of the day, around 12 pm, but operated close to stability during the afternoon, as optimism in the international market cooled.
This was the third day of decline in the US currency. The currency accumulates a fall of 0.83% in the first days of this year.
In the stock market, the day was marked by volatility. The Ibovespa index closed at 105,529 points, down 0.15%. The indicator alternated highs and lows throughout the day, but closed with losses, pulled by shares of mining and steel companies, affected by the drop in the international price of iron ore after news from China.
Today, the Chinese developer Evergrande managed to postpone the payment of bonds in local currency by six months. Despite the closing of the agreement with the creditors, fears prevailed that other Chinese real estate developers, also in financial difficulties, will not be able to renegotiate the debts.
China is the main buyer of commodities (primary goods with international quotation) from Brazil. The crisis in the real estate market has caused the country’s economy to slow down, which is reflected in drops in the price of iron ore.
In relation to the United States, the international financial market reacted well to the announcement that producer inflation in the largest economy on the planet dropped from 1% in November to 0.2% in December. The numbers are in line with market expectations, reducing pressure on the Federal Reserve (Fed, the US Central Bank) to anticipate an interest rate increase or the end of bond purchases in place since the beginning of the covid pandemic. -19.
However, shares of technology companies in the United States had a general fall during the afternoon, reducing the atmosphere of tranquility in the international market and putting pressure on the dollar and the stock market in Brazil.
*With information from Reuters
