O Ibovespa, the main index of the Brazilian stock exchange, closed at a strong high 2.33% in the trading floor of last Tuesday, 24th, at the address: 120210.75 pointsafter a series of falls caused by increased uncertainty in the domestic political scenario and increased risk aversion due to the growth of the delta option and its consequences for economic progress.
Ultimately, the indicator was driven by commodity companies, fueled by the rise in iron ore production, which has put pressure on Vale and steelmakers in recent days.
Construction, retail and aviation companies also rallied amid declining risk aversion, boosted by good spirits following the full approval of the Pfizer vaccine by the US regulator, the FDA, which means it could boost vaccination rates and reduce vaccine distribution. option.
Another moment that contributed to the good mood was a speech by Arthur Lear, President of the Chamber of Deputies, in which he reaffirmed his commitment to the inspector and stated that he was against the reform vote this week.
On the foreign market, American stock exchanges strengthened their highs, S&P, Nasdaq e Dow Jones yesterday the day ended with growth of 0.15% (4,486 points), 0.52% (15,019 points) and 0.09% (35,366 points), respectively.
Investors have been looking for clues as to what the next steps will be for the Federal Reserve (the US central bank) and its bond buyback program.
This week’s Jackson Hole Symposium runs Thursday through Saturday. The market expects Fed officials to elaborate on their plans to reduce monetary stimulus. Another factor that has driven the market and should remain in sight is the billionaire bond purchase program at the end of 2021. Fed President Jerome Powell’s speech should be watched closely next Friday.
The disclosure of IPCA-15 will be on the economic agenda this Wednesday, the 25th, at 9:00 am. We will also have information about the consumer survey. Outside the US, at 11:30 (Brasilia time), information on oil reserves will be released.
