If in the early months of the year the political scenario was just an addendum to financial market discussions, now Brasilia is the absolute hero, and there hasn’t been a single day in the last few weeks where local investors manage to veer off course. events in the federal capital.
The crisis in Petrobras (PETR4), which is still waiting to be resolved, is just one of the fires. The closeness of the election also entails the government’s attempt to approve a “kindness package” that will heavily impact public accounts, which are still struggling to recover from the coronavirus hit.
At the moment, an increase in the Auxílio Brasil payment from 400 to 600 reais, an extension of the gasoline voucher, an allowance of up to 1,000 reais for truck drivers, and even a public disaster decree are being discussed. .
On Wall Street, investors received weaker-than-expected US economic data as a sign that the Federal Reserve will have to be careful if it really wants to avoid a recession. The Nasdaq was up 1.62%, the S&P 500 was up 0.95% and the Dow Jones was up 0.64%.
Ibovespa, however, faced more headaches and ended the day down 1.45% to 98,080 points, but the retail and tech sectors benefited from an easier yield curve and were the highlights. The dollar is already in sight ended the session up 1.02% to 5.2298 reais.
See everything that affected the markets this Thursdayincluding corporate news highlights and Ibovespa’s best and worst performing stocks.
FORA TO AR
Find out why Binance has suspended withdrawals and payments in Brazil and see if your cryptocurrencies and money will be lost.. The conflict between the world’s largest exchange and Capitual opens a new chapter in the disputes between digital currency brokers in the Brazilian market.
FAVORITE BOFA
Developers’ actions will continue to suffer from high interest rates. But two of them have nearly 90% upside potential, the analyst says.. Bank of America cuts estimates for major B3 builders with Selic’s outlook at high levels next year but sees opportunities in the sector.
BITTER PREMIERE
Shares of Inter fell on the first day of trading on the Nasdaq. Shares in the bank’s holding company, Inter&Co, fell more than 7% during talks about the paper’s debut in New York.
Oh, BROKEN?
Watch out monkey! Meet the newest stock that became a ‘meme stock’ after filing for bankruptcy. Despite a 7% drop today, Revlon shares are up more than 544% since the low and 286% since the bankruptcy.
APPROPRIATE HORIZON
They ask for your money, Roberto Campos Neto answers: the Central Bank is ready to organize the cryptocurrency market in Brazil. The head of the bookmaker also spoke about the digital real, the server strike and, of course, about monetary policy.
