With NY endorsement, Ibovespa rises almost 2% due to jump of more than 6% in Vale By Reuters

With NY endorsement, Ibovespa rises almost 2% due to jump of more than 6% in Vale By Reuters
With NY endorsement, Ibovespa rises almost 2% due to jump of more than 6% in Vale By Reuters

© Reuters. .

Por Paula Arend Laier

SAO PAULO (Reuters) – The hike rose nearly 2% on Monday and closed above 117,000 points for the first time since February 19, pulled by Vale’s surge after a share buyback announcement and endorsed by highs on Wall Street amidst optimistic outlook for the North American economy.

Reference index of the Brazilian stock market, Ibovespa ended up 1.97%, to 117,518.44 points. The financial volume of the session totaled R $ 25.9 billion.

New York stock exchanges started the week with new records for the and for the, after data from and in the United States fueled expectations that the country could have the best annual economic growth in 2021 in almost four decades.

The US Department of Labor announced on Friday that 916 thousand jobs were created in March, in net terms and outside the agricultural sector, accelerating the pace of hiring in relation to February (468 thousand) and exceeding expectations ( 647 thousand vacancies).

On Monday, the service sector activity index released by the Supply Management Institute (ISM) recovered to a reading of 63.7 last month – the survey’s historic high and after a brand from 55.3 in February.

In the view of Speed ​​Invest’s head of variable income, Caio Rodrigues, mainly the figures on the creation of US job openings showed that the economy is much more heated than economists expected, which is being viewed with “great eyes”.

“The market is very strong abroad, and this is also pulling the Brazilian market.”

HIGHLIGHTS

– VALE ON (SA

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