The dollar engaged a third consecutive daily decline on Monday (30), following the weakness of the US currency abroad as investors reassessed their expectations of monetary tightening in the United States, abandoning very aggressive bets.
Market participants warned of possible volatility in the markets this session due to reduced liquidity due to a US holiday.
At 9:05 am (GMT), the spot dollar retreated 0.66%, to R$ 4.7071 on sale.
On B3, at 9:05 am (BrasÃlia time), the dollar futures contract with the first maturity fell 0.49% to R$4.7080.
The spot US currency closed the last session, on Friday (27), down 0.49%, at R$ 4.7384 on sale, the lowest value since April 20 (R$ 4.6186) .
On Friday (27), in a new session marked by the reduction of risk aversion on the part of investors on a global scale, the dollar again lost strength against the real and marked the third consecutive week of devaluation, while the Stock Exchange ended the day on a high note.
Eletrobras shares end the day with no defined trend, after the state-owned company announced the launch of the share offering within the scope of the state-owned company’s privatization.
In exchange, the dollar closed this Friday in a fall of 0.46%, at R$ 4.7390, with a fall of 2.7% in the week, the third consecutive for the interval, and of 15% in the year.
On the Brazilian stock exchange, the Ibovespa stock index closed with a slight increase of 0.05%, at 111,941 points, with an accumulated appreciation of 3.18% in the week, and 6.8% in the year. The session was one of volatility for Eletrobras shares. The company’s common shares fell 1.23%, while preferred shares advanced 0.59%.
On Friday, Eletrobras launched a share offering with a view to its privatization, an operation that would move around R$ 35 billion, considering a supplementary lot and the value of the paper at the closing of the day before, according to a preliminary prospectus delivered to the CVM (Brazilian Securities and Exchange Commission). furniture). The numbers came within what the market had been projecting over the past few weeks.
The operation involving the largest electric company in Latin America, operating in the generation, transmission and commercialization of energy, will be priced on June 9, and the price of the offer will be determined based on the interest of investors.
Disregarding the supplementary lot of shares, Eletrobras’ offer would reach R$ 30.69 billion.
The capitalization operation will involve a primary and secondary offering of common shares carried out simultaneously in Brazil and abroad, which would dilute the State’s interest in the company from 72% to at least 45%.
In the global market, the sixth was a general increase in the main stock exchanges, with the reduction of investors’ fears regarding a more aggressive monetary tightening by the Federal Reserve (Fed, central bank of the United States).
The S&P 500 rose 2.47%, the Dow Jones rose 1.76%, and the Nasdaq, with the highest concentration of technology stocks, advanced 3.33%.
with Reuters
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