On a day of earnings for Brazilian assets, the stock market rose almost 3% and has reached the highest level since December. The dollar had the ninth fall in a row and reached the lowest value in more than two months.
B3’s Ibovespa index ended this Thursday (30) at 126,913 points, with a rise of 2.82%. The indicator was driven by consumption -related actions. This is because the MONETARY POLICY COMMITTEE COMMITTEE (Copom) did not give clues about what the Central Bank (BC) will do with the Selic (Basic Economy Interest) rate after the March meeting.
Ibovespa has been at the highest level since December 11. The possibility that the BC rises interest less than expected animated the stock exchange. Lower rates stimulate the migration of fixed income investments to the stock market.
In the exchange market, the day was also marked by relief. The commercial dollar closed sold at R $ 5,852, with a drop of R $ 0.014 (-0.24%). The quotation started the day on the rise, reaching R $ 5.93 around 9:15 am, but reversed the movement and retreated. In January, the US currency drops 5.27%.
Unlike the last few days, where Donald Trump government news influenced the financial market, the international scenario did not weigh so much. The new US president reaffirmed his intention to impose a 25% rate on imports from Mexico and Canada, but the threat did not reverberate in the Brazilian market.
In addition to the possibility that the Central Bank decreases the pace of increased Selic, the dissemination that the primary deficit in 2024 It was R $ 43 billionbetter than the breach forecast of R $ 55.4 billion, according to the Prism Fiscal survey, conducted by the Ministry of Finance.
*With information from Reuters
