The dollar had little change against the real in early trading on Friday (27), but was on track to record its third consecutive weekly decline, in line with the weakening of the US currency abroad amid reduced bets on a much larger increase. aggressive interest rates by the Federal Reserve (Fed, central bank of the United States).
At 9:08 am (GMT), the spot dollar retreated 0.20%, at R$ 4.7525 on sale.
On B3, at 9:08 am (GMT), the first-maturity dollar futures contract dropped 0.26% to R$4.7560.
The day before, the US spot currency fell 1.23%, to R$4.7619 on sale, the lowest value since April 20 (R$4.6186)
The day before, in a session marked by the good mood of investors on a global scale, the dollar lost ground against the real this Thursday (26), while the stock markets had a day of expressive appreciation.
The American currency ended business down 1.24%, quoted at R$ 4.7610 for sale, the lowest value since April 20 (R$ 4.619). The DXY, an index that measures the strength of the dollar against a basket of currencies, fell 0.3%.
On the Brazilian stock exchange, the Ibovespa index recorded gains of 1.18%, at 111,889 points, driven by outstanding increases in Cielo and the health sector.
In the local market, the biggest highlight on the day was the payment machine company Cielo, which saw shares jump 11.6%, after JP Morgan revised the recommendation for the company’s shares from neutral to buy, with target price of R$ 5 in December, which includes a potential for appreciation of 23.7%.
A relatively stable market share around 26% in the coming quarters, the increase in fees charged to tenants and cost discipline were pointed out by analysts at the American bank among the main reasons for the improvement in the perception of the asset.
Also highlighted among the biggest increases on the Stock Exchange this Thursday were the actions of the health sector, after the ANS (National Agency for Supplementary Health) approved a 15.5% readjustment in individual and family health plans.
In the wake of the announcement, Rede D’Or’s shares posted a strong rise of 6.15%, while those of SulAmérica advanced 5.41%. Already Hapvida rose 5.22%, and Fleury, 3.35%.
In the global market, the reduction in risk aversion already verified in the last session extended to the fifth among the main stock exchanges.
The day before, the minutes of the Fed’s last monetary policy meeting brought relief to market agents, by confirming the intention of further increases of 0.50 percentage point in US interest rates.
Investors’ concerns about the possibility that the US monetary authority will have to tighten the pace of increases were among the main reasons for the drops in US stocks in recent days.
Data released this Thursday on the US GDP (Gross Domestic Product), indicating a drop of 1.5% from January to March, also contributed to the rise in shares, with the performance of the economy in the United States reinforcing the perception of market agents on a smoother tightening of monetary conditions in the region.
On American stock markets, the S&P closed up 1.99%, while the Dow Jones rose 1.61%, and the Nasdaq, with the highest concentration of technology stocks, appreciated 2.68%.
with Reuters
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