On a day of relief in the financial market, the stock market once again broke a record and approached 166 thousand points. The dollar had its first drop after three consecutive rises and returned to below R$5.40.
The Ibovespa index, from B3, closed this Thursday (15) at 165,568 points, an increase of 0.26%. The indicator rose 0.56% at 3:10 pm, but lost strength towards the end of the session, with investors selling shares to pocket the profits.
This was the second session in a row in which the Brazilian stock market broke a record. The Ibovespa only did not rise further because Petrobras shares, the most traded, fell due to the 4% drop in oil prices on the international market. The state-owned company’s shares fell 1.02% (common shares) and 0.63% (preferred shares).
The foreign exchange market had a day of correction. After exceeding R$5.40, the commercial dollar closed the day selling at R$5.368, a drop of R$0.034 (-0.62%). The price reached above R$5.40 at the end of the morning, but fell in the afternoon, amid the increase in the inflow of resources into Brazil.
THE extrajudicial liquidation of Reag Investimentosearly in the morning, had little effect on the impact of the negotiations. The main reason for the fall of the dollar was the relief in the external scenario, after the president of the United States, Donald Trump, stated that he has no intention of dismissing the president of the Federal Reserve (Fed, US Central Bank), Jerome Powell, and declared that “the massacre in Iran has stopped”, reducing the chances of a US military intervention.
The news regarding Iran caused oil prices to fall, but the stock market in Brazil was helped by the prospect of a fall in interest rates by the Central Bank. The announcement that Brazilian trade grew 1% in November, with a slowdown in activity, increased the chances of a reduction in the Selic Rate (the economy’s basic interest rate). Lower interest rates favor the migration of fixed income investments to the stock market.
*With information from Reuters
