The dollar rose against the real in the first trades on Monday (31), a session that should count with volatility due to the formation of the end-of-month Ptax, while inflationary fears in the main economies of the world – whose central banks may be forced to intensify monetary tightening and risk an economic recession– dominated international markets.
At 9:07 am (GMT), the spot dollar advanced 0.53%, at R$ 4.7783 on sale.
On B3, at 9:07 am (GMT), the first-maturity dollar futures contract rose 0.44% to R$4.7770.
The day before, the spot dollar closed up 0.31%, at R$ 4.7531 on sale.
The day before, the dollar fluctuated close to stability against the real, in a session of lower liquidity due to the Memorial Day holiday in the United States, and ended the day with a slight increase of 0.31%, at R$ 4.7540 for sale.
On the Stock Exchange, influenced by the strong losses of the shares of state-owned Petrobras and Eletrobras, the Ibovespa index differed from international peers and closed the trading session on Monday (30) with a drop of 0.81%, at 111,032 points.
Eletrobras’ ordinary shares dropped 3.36%, after a meeting of debenture holders of Furnas, a subsidiary of the energy company, ended up without a decision on the investment in Madeira Energia, controller of the Santo Antônio hydroelectric plant, in Rondônia.
The contribution is important to continue the capitalization of Eletrobras, which will dilute the State’s share from 72% to 45%. The prospectus that deals with the operation determines that Furnas needs the green light from its debenture holders by the 6th; otherwise, the privatization of the state-owned company will be suspended.
On Monday, the sharp drop in Petrobras shares also weighed negatively on the Brazilian stock exchange, after new statements by President Jair Bolsonaro (PL) about the company.
The state oil company’s common shares dropped 2.16%, while preferred shares dropped 1.99%, against the price of oil in the international market, which marked an appreciation of almost 2% and surpassed the level of US$ 120.
Bolsonaro said on Monday that Petrobras could “break Brazil” if there are new diesel increases and attacked governors for questioning the ICMS reduction approved by the Chamber.
“It’s a crime to charge one real ICMS per liter of diesel oil,” Bolsonaro said during a press conference scheduled to address the federal government’s actions to help victims of the floods that killed dozens of people in Pernambuco.
On the international market, oil prices rose above US$ 120 (R$ 569) a barrel on Monday, reaching the highest level in more than two months, while market agents wait to see if a meeting of the EU (European Union ) would reach an agreement on a ban on Russian oil imports.
The EU is due to meet on Monday and Tuesday to discuss a sixth package of sanctions against Russia for its invasion of Ukraine.
Any further ban on Russian crude would tighten an already supply-challenged market amid rising demand for gasoline, diesel and jet fuel ahead of the peak of the summer season in the United States and Europe.
With a rise of around 1.1%, Vale’s shares followed the rise of iron ore in the international market and prevented a more intense fall in the stock market, in the wake of the reduction in mobility restrictions in China.
In global markets, the day was a general rise for the main exchanges, in the wake of the reduction in cases of Covid-19 in China and the reduction in mobility restrictions in the Asian giant.
“China has recorded the fewest new Covid cases in nearly three months, encouraging authorities to relax strong restriction measures that had been in place since March. Cases have dropped in Shanghai and Beijing, China’s most important cities. trend is bringing optimism to equity and commodity markets this morning,” XP analysts noted in a report.
with Reuters
I have over 8 years of experience in the news industry. I have worked for various news websites and have also written for a few news agencies. I mostly cover healthcare news, but I am also interested in other topics such as politics, business, and entertainment. In my free time, I enjoy writing fiction and spending time with my family and friends.
