Stock exchange rises and dollar recedes with Budget and job creation in the US on the radar

Stock exchange rises and dollar recedes with Budget and job creation in the US on the radar
Stock exchange rises and dollar recedes with Budget and job creation in the US on the radar
Foto: Vecteezy

The dollar started the week losing strength against the real. At 9:07 am on Monday (5), the currency retreated 0.84%, to R $ 5.6601.

At B3, Ibovespa registered a strong increase in the first trades of the day. At 10:13 am, the main index of the national stock exchange jumped 1.21%, to 116,653 points.

The national market looks at the 2021 Budget, which has become the subject of a dispute between the federal government and Congress, but can finally move forward. A possible agreement between the parties quenches the rumor that Paulo Guedes could abandon the portfolio of the Economy, which was a great fear.

Still internally, investors reacted to the forecasts of financial market economists for the performance of GDP (Gross Domestic Product) in this and next year, they retreated slightly. In 2021, economic activity is expected to advance 3.17%, compared to 3.18% expected last week.

Also in Focus, and after 12 consecutive weeks of high, the market forecast for the 2021 IPCA (Broad Consumer Price Index) remained stable. The estimate is for inflation of 4.81% this year.

Also pulling up, on Friday (2), the US released its employment report, known as the “payroll”, which showed the generation of 916 thousand jobs in March, a number that was well above the median of expectations.

The indicator suggests that the US remains on a recovery path after the impact of the pandemic, which favors the outlook for the world economy as a whole.

Out there

The Tokyo and Seoul stock exchanges closed higher on Monday (5), as positive data from the US labor market reinforced expectations that the global economy will continue to recover from the effects of the Covid-19 pandemic.

In other parts of Asia, such as China, Hong Kong and Taiwan, as well as in Australia, where Oceania’s largest stock market is located, there were no deals today due to holidays.

In Japan, the Nikkei index rose 0.79%, to 30,089.25 points, driven by financial sector stocks such as Nomura Holdings (+ 4.30%) and Sumitomo Mitsui Financial Group (+ 3.21%). The South Korean Kospi advanced 0.26%, to 3,120.83 points, supported by papers from steelmakers.

* With information from Reuters and Estadão Content

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