Domestic assets rose steadily in the session this Thursday, the 27th, largely due to the positions of the candidates for the presidency of the republic. ibovespa, main index gives B3, as a result rose by 1.66% to 114,640 points. On the other hand, the dollar closed at R$5.37, down 1.39%. The political scenario also influenced the success Petrobras.
Among the impulses of the daily movement is the easing of tension between Jair Bolsonaro this is Supreme Electoral Court (TSE) after the President stated that his challenges would be held “within the four lines of the Constitution”.
However, in the last half hour of the session, the spirit came from Luis Inacio Lula da Silva. The PT candidate released a “Letter to Brazil of Tomorrow” in which he committed to a responsible fiscal policy that “should follow clear and realistic rules.” The nuance of the speech raised the stock by a thousand points in just one minute.
The second round of elections will take place this Sunday, 30.
USA above expectations
While the political scenario in Brazil continues to be the main vector of business, investors soaked up the heavy agenda abroad this Thursday. Pre-reading Gross domestic product (GDP) from the U.S. grew 2.6% year-on-year in the third quarter, better than expected (2.4%), but did not eliminate the prospect of a slowdown in activity in the coming quarters and a possible recession in 2023.
Reinforcing the point of view that Federal Reserve (Fed, US central bank), after raising the base rate by 0.75 percentage points in November, slowing down to 0.50 points in December, Treasury rates (US Treasury bonds) retreated, giving a breath to emerging currencies and commodities . exporting countries, including real.
Treviso Corretora currency manager Reginaldo Galjardo said the day was favorable for the dollar to fall. “There are bets on a more relaxed Fed. Here, the positive signs of the Brazilian economy, such as a decrease in unemployment, have helped keep interest rates stable,” he said, referring to Copom’s decision to keep the Selic rate at 13.75% per annum.
“In addition, the highs of recent days made exporters aware of their position, which helped to bring down the dollar. The fight continues in the range of 5.20 to 5.40 reais,” said Galjardo.
