The Bovespa Index operates at a high of 1.19% at 116,628 points at the opening of this Monday (5), following the appetite for risks abroad after the disclosure of a strong resumption in the generation of jobs in the United States. In March, the country generated 916 thousand jobs, well above market projections and strengthening expectations that an economic boom is underway.
With the data, the unemployment rate in the USA was 6.0% in March. Analysts had expected 647 thousand new jobs to be created in the month.
The numbers boosted global stock markets this morning and ensured a positive close for Asian stocks on Monday. “Investors reacted very positively to the strong data for employment in the United States,” said Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities. The Nikkei index closed up 0.8%, at 30,089 points, reaching the 30,000 mark for the first time in more than two weeks.
In the domestic context, the discussion of the 2021 Budget remains on the investors’ radar. On condition of anonymity, a source heard by the Reuters Agency at the weekend said that the government’s economic team and Congressional leaders reached a consensus on the need for changes to the Budget approved for 2021, with review of spending and reduction assumptions. parliamentary amendments.
The negotiations on the adjustments to the Budget are expected to last a few more days and “only with luck” the necessary changes would be concluded by the end of this week. According to the approved budget, the value of parliamentary amendments would reach R $ 31.5 billion, but the reduction agreed between the Executive and the Legislative may reduce the amount to R $ 16.5 billion.
The budget endorsed by parliamentarians two weeks ago caused a stir in the market. In the evaluations of analysts and members of the government itself, the text brought unrealistic estimates of expenses and revenues and the robust volume of parliamentary amendments, which increased the risk premiums of local financial assets.
Reflecting speculations about an agreement for the Budget, the dollar operates in a fall against the real this morning, retreating 0.75% and traded at R $ 5.67 in the sale, in line with the performance of the US currency against emerging peers abroad.
In terms of indicators, the market ended in today’s Focus Bulletin 12 weeks in a row on the rise for this year’s inflation. The expectation for the increase in the IPCA in the survey remained stable, at 4.81% for 2021.
In GDP (Gross Domestic Product), the growth estimate was 3.17% this year, against 3.18% predicted in the previous week. The weekly survey of economists also showed that the basic interest rate should end 2021 at 5.0% and 2022 at 6.0%, with no changes in the Selic projections. (With Reuters)
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