Political and financial scenario continues to put pressure on Ibova – Market – Estadão E-Investidor – Highlights from the financial market

Friday was characterized by mixed market sentiment. In the United States, the day was a day of volatility: the Fed President’s speech confirmed expectations that interest rates would start hike in the second half of 2022, which negatively affected assets, causing stock exchanges to close the session in a mixed direction.

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In Asia, news that Evergrande will be able to pay off debt this weekend has boosted some exchanges in the region. In the domestic market, the session was unstable again as political news and concerns about financial problems were seen on the radar.

The PEC by court rulings, which was approved by a committee in the chamber, changes the rule for adjusting the ceiling of expenses, in addition to deferring the payment of part of the government’s legal debts, it affected assets, and Ibovespa decreased by 1.34%. up to 106,296 seats.

In the interest rate market, the day was also a stress day. Future interest rates ended high, with Selic’s market price exceeding expectations at the next Copom meeting next week. In the foreign exchange market, the dollar fell 0.71% to 5.62 reais. Next week, the highlights of the domestic agenda are: Wednesday’s monetary policy decision, IPCA-Oct 15, unemployment rate and IGP-M. Overseas, consumer confidence and the preliminary 3Q US GDP figure stand out. In the Eurozone, preliminary 3Q21 GDP results will be published.

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