Politics

Ibovespa Shares Down 0.4% Amid Alarming Domestic Political Scenario; dollar rises and falls to 5.07 reais

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Ibovespa, the main stock index of the Brazilian stock exchange B3, fell on Monday (5).

Around 13:00, the loss was 0.37%, amounting to 127,152 points.

The dollar rose in value 0.53%quoted on R $ 5,079

Find out about the factors influencing the markets today:

international markets

Asia (closed)

Nikkei 225 (Japanese): 0.64% ↓

Shanghai Composite (Chi): 0.44% ↑
Europe (locked)

DAX 30 (El): 0.07% ↑
FTSE 100 (Ing): 0.58% ↑

CAC 40 (Fra): 0.22% ↑

us USA, futures indices are mixed 0.10% negative e 0.16% positive

Holiday

US Independence Day fell on Sunday 4th, but the day off will be Monday 5th, so the US stock exchanges will not work today.

Focus Bulletin

On Monday morning, the 5th, the Central Bank (BC) released a Focus Bulletin, prepared in consultation with economists from more than 100 financial institutions, which brings together financial market forecasts for the end of 2021.

According to the report, the market median indicates that the Broad Consumer Price Index (IPCA), which is considered the country’s official inflation, rose from the 5.97% reported last week to 6.07%. – again above the target of 3.75% with a tolerance range that can range from 2.25% to 5.25%.

Selic rate was kept at 6.50%.

According to the material, the estimate of gross domestic product (GDP) for 2021 increased from 5.05% to 5.18%.

The dollar was revised from 5.10 reais to 5.04 reais.

political tension

The report on the UOL portal contains records of President Jair Bolsonaro, who was directly involved in the hacking scheme during his time as a federal deputy.

In addition, Covid’s CPI will resume work tomorrow (6). The Senators listen to Regina Celia, a paramedic who, according to a complaint by brothers Luis Ricardo and Luis Miranda, has signed a contract to purchase vaccines for the Covaxin Indians.

She would have been appointed by Ricardo Barros (PP-PR), head of government in the House who was implicated by the Miranda brothers in irregular negotiations to buy vaccines for the Covaxin Indians.

Tegma

Tegma said it has hired a legal advisor and will select a bank to help the company evaluate the acquisition proposal submitted by JSL (SA: JSLG3).

Rappi and Visa

Delivery app Rappi is launching credit cards for its users in Brazil in partnership with Visa (NYSE: V) (SA: VISA34) to expand its portfolio of financial products.

Loft and CredPago

Apartment start-up Loft has announced a merger with CredPago, a leader in unwarranted rentals.

Bench BMG

Banco BMG announced the acquisition of stakes in Araújo Fontes Consultoria e Negócios Imobiliários and AF Invest Administração de Recursos for approximately R $ 150 million with the aim of expanding the offer of products and services in the wholesale segment and starting the field of resource management.

Grendene

With the creation of 3G Radar Gestão de Recursos, Grendene has closed a joint venture abroad with the aim of distributing and marketing Grendene’s products in selected international markets.

OPEP

The Organization of the Petroleum Exporting Countries (OPEC) and the countries that are allies of the cartel (OPEC +) will resume their meeting this Monday (5).

The extension of the meeting is due to the fact that the United Arab Emirates opposes the OPEC + proposal to increase oil supplies and refuse to extend the production cuts until the end of 2022, according to information in the international press.

COVID-19

Brazil has 524,417 deaths per covid-19.

In the 24 hours before 17:00 yesterday (4), 830 deaths and 27,783 new cases were recorded. In total, 18,769,808 cases have already been confirmed in the country.

So far, 143.2 million doses of covid-19 vaccine have been distributed across states and municipalities. Of this total, 104.9 million doses were administered, 77.5 million for the first dose and 27.4 million for the second.

With information from Brazilian agency e Investing.com

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