Ibovespa rises after announcement of trillion dollar infrastructure package in the US

Ibovespa rises after announcement of trillion dollar infrastructure package in the US
Ibovespa rises after announcement of trillion dollar infrastructure package in the US

The Ibovespa opens the first trading session in April, up 0.38% to 117,0678 points, following the risk appetite bias abroad on the eve of the prolonged Easter holiday. Abroad, the market works in anticipation of the release tomorrow (2) of the payroll, a report on the North American labor market. Here and in New York, trading on the spot trading is suspended tomorrow due to the Good Friday holiday.

The bullish tone of the day finds support in the announcement made yesterday by the White House of a new stimulus package for the United States economy. The infrastructure and jobs package is estimated at US $ 2.25 trillion with investments planned for eight years and total payment in 15 years. The Joe Biden management plans to finance part of the investments by raising the corporate tax rate from 21% to 28%. The measure, however, is likely to encounter resistance in the US Congress.

In Brazil, the discussion of the 2021 Budget continues to focus attention. Yesterday, the rapporteur of the text, Senator Marcio Bittar (MDB-AC), agreed to cancel R $ 10 billion in amendments of his authorship as soon as the Budget Law of 2021 is sanctioned. According to a morning analysis by Genial Investimentos, President Jair Bolsonaro has until April 22 to sanction the budget law and veto part of the budget.

The dollar is firmly higher against the real on Thursday, rising 0.91% and traded at R $ 5.67 on sale at 10:14 am Brasília time, after registering a sharp drop in yesterday’s trading session, on the eve of a holiday marked by the focus on the political scenario and the rapid spread of Covid-19 in Brazil.

According to data from the Ministry of Health, the country recorded a new record of deaths by Covid-19 yesterday, with another 3,869 deaths recorded, bringing the total number of fatal victims of the disease to 321,515. The new cases passed yesterday of the 90 thousand, with the total of confirmed infections in the country advancing to 12,748,747.

The Ministry today begins to distribute over 9.1 million doses of vaccines against Covid-19 to the States, with the intention of serving elderly people aged 65 to 79, health workers and part of security professionals and personnel from the Armed Forces. working to combat the pandemic. According to data from the folder, 14.9 million people in the country have already received the first dose of vaccine – about 6.5% of the population – and 4.2 million had the second dose, which represents 1.8% of Brazilians.

In the indicators, the Brazilian industry recorded an unexpected drop in activity in February and interrupted nine months of positive results. In the period, industry production decreased 0.7% in comparison with the previous month, according to data from IBGE (Brazilian Institute of Geography and Statistics). The sector is now 13.6% below the record level reached in May 2011 and 2.8% above the pre-pandemic level of February 2020. (With Reuters)

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