The advance of negotiations on a ceasefire between Russia and Ukraine brought optimism to the financial market this Tuesday (29). The dollar fell and the stock market rose sharply, closing above 120,000 points for the first time in seven months.
The commercial dollar closed the day sold at R$ 4.758, with a decrease of R$ 0.015 (-0.31%). The quotation even dropped to R$ 4.71 at the opening of the market, but the fall lost strength because the cheap dollar attracted buyers.
With today’s performance, the US currency accumulates a drop of 7.72% in March. In 2022, the currency fell by 14.67%.
In the stock market, the day was marked by euphoria. The Ibovespa index closed at 120,014 points, up 1.07%. The indicator is at the highest level since August 27 of last year and has accumulated gains of 14.49% in the year.
In the morning, there was an announcement by the Russian Defense Ministry that the country will reduce the military presence around the Ukrainian cities of Chernihiv and Kiev. Also today, there was the first meeting in two weeks for peace talks in Turkey.
Internally, the change of command at Petrobras boosted the stock market. Investors welcomed the nomination of economist Adriano Pires to assume the presidency of the state-owned company. The specialist is an advocate of fuel price policy linked to international oil prices.
Petrobras’ common shares (with voting rights at shareholders’ meetings) rose 1.32%. Preferred papers (with preference in the distribution of dividends) appreciated by 2.25%. As they are the most traded shares on the stock exchange, Petrobras shares have the greatest weight in the Ibovespa index.
* With information from Reuters
