In the opposite direction from abroad, the financial market had a day of relief after the second round of the presidential elections. The dollar fell to the lowest level in ten days, and the stock market rose with the inflow of foreign capital.
The commercial dollar ended this Monday (31) sold at R$ 5.166, with a decrease of R$ 0.134 (-2.54%). The price opened at R$ 5.40, but the increase slowed down and started to fall shortly before 11 am. At the lowest of the day, around 4 pm, it reached R$ 5.15.
The US currency is at its lowest level since the 21st, when it closed at R$5,148. The currency ended October with a drop of 4.24% and accumulated a loss of 7.35% in 2022.
The day was also one of euphoria in the stock market. After opening lower, the Ibovespa index, on the B3, closed at 116,037 points, up 1.31%. The indicator advanced 5.66% in October, in a month marked by volatility, and accumulated gains of 10.66% in 2022.
Despite the fall in shares of state-owned companies, such as Petrobras and Banco do Brasil, the inflow of foreign flows after the result of the presidential elections, which gave the victory to candidate Luiz Inácio Lula da Silva (PT), made the Ibovespa rise, especially for private banks, airlines and retailers.
The Brazilian market took off from abroad. In the United States, the three main indexes fell on fears of a global recession. Expectations surrounding this week’s meeting of the Federal Reserve (Fed, US Central Bank) also weighed, which should raise US basic interest rates by 0.75 percentage point.
The Dow Jones Industrial Companies Index dropped 0.39%. The Nasdaq of technology companies fell 1.03%. The S&P 500, one of the biggest companies, lost 0.75%.
*with information from Reuters
