Dollar has an increase of 1.54% and reaches R $ 5.715; Stock market falls 1.18%

Dollar has an increase of 1.54% and reaches R $ 5.715; Stock market falls 1.18%
Dollar has an increase of 1.54% and reaches R $ 5.715; Stock market falls 1.18%
With market operators concerned with the direction of the Budget and the position of the Minister of Economy in this embarrassment, the Ibovespa, the main indicator of the Brazilian Stock Exchange, closed down 1.18%, reaching 115,253.31 points. The low was 114,990.54 and the high hit 117,087.69 points.

During the week, the indicator rose 0.41%, despite having closed the last two days in decline, as it had come from four consecutive days of increase. This Friday (2), the Exchange will not operate, due to the holiday of Good Friday.

The shares that led the gains on the day were Braskem (BRKM5.SA), with an increase of 2.19%, quoted at R $ 40.56. At the other end, the shares that fell the most were Qualicorp (QUAL3.SA), with a fall of 4.42%, quoted at R $ 29.01.

The dollar closed with an increase of 1.54% against the real, quoted at R $ 5.715 on sale. This is the biggest appreciation of the American currency since Wednesday last week (24), when it rose 2.25%.

Yesterday, the dollar closed with a strong fall of 2.31% against the real, quoted at R $ 5.629 on sale. This was the biggest devaluation of the American currency since March 10, when it fell 2.5%.

The dollar value released daily by the press, including the Twitter, refers to the commercial dollar. For those who are going to travel and need to buy currency at foreign exchange brokers, the value is much higher.

What influenced the market this Thursday

The São Paulo stock exchange opened on a positive tone this Thursday, the eve of a holiday in the country, benefiting from the favorable environment for risky assets abroad, after the President of the United States, Joe Biden, detailing the package trillionaire of infrastructure.

Wall Street opened up, with trading sessions benefiting from optimism about the United States’ economic growth. The stock exchanges in Europe also showed a positive sign, just as oil appreciated abroad.

In Brazil, the focus is on negotiations involving the Budget of the year approved last week by Congress, with an apparent mismatch between the political and economic wings of the government on the subject.

Regarding the Budget, the chief economist at the investment platform Consulenza, Helena Veronese, points out that, on the one hand, the economic team recommends the partial veto of the project, alleging the risk of a crime of fiscal responsibility.

“On the other hand, parliamentarians pressing for the text to be fully sanctioned,” he said in comments to clients.

The dollar retreated against the real in Thursday’s first trades, widening its losses after the sharp fall recorded in the previous trading session, on the eve of a holiday marked by the focus on the political scenario and the rapid spread of the covid-19 in Brazil. However, during the day, the trend changed and the currency closed higher.

The change occurred despite concerns because the Brazilian industry recorded an unexpected fall in February and interrupted nine months of positive results, under the weight of losses in the production of motor vehicles and extractive industries, amid the worsening of the pandemic of covid- 19 and increasingly stringent restrictions.

Industry production recorded a 0.7% drop in February compared to the previous month, against a 0.4% gain expected in a Reuters poll.

The result released this Thursday by the IBGE (Brazilian Institute of Geography and Statistics) interrupts nine months of gains, a period in which production accumulated a 41.9% increase.

* With information from Reuters

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