The dollar had a timid devaluation in the morning of this Thursday (9), with investors digesting weaker domestic inflation data than expected, while abroad, the North American currency showed weakness.
At 9:07 am (GMT), the spot dollar retreated 0.16%, to 4.8830 reais on sale.
On B3, at 9:07 am (GMT), the first-maturity dollar futures contract dropped 0.34% to R$4.9145.
The day before, the North American currency in sight had a high of 0.34%, at R$ 4.8906 on sale.
The day before, the exchange rate advanced 0.30%, with the American currency worth R$ 4.8890 on sale.
The Brazilian Stock Exchange fell for the fourth day in a row this Wednesday (8), matching a sequence of lows that had not occurred for a month.
The Ibovespa, the benchmark for the domestic stock market, lost 1.55% on the day, closing at 108,367 points. It is the worst result since May 18 (-2.34%).
Investors are averse to equity risks in a week that combines a threat to fiscal balance in Brazil and expectations abroad about data that could bolster global inflation.
The main global stock exchanges had mostly negative sessions. In New York, the S&P 500 reverence index fell 1.08%. The Dow Jones lost 0.81%. Nasdaq gave up 0.73%. The fear of inflation was primarily responsible for the bad mood.
On Thursday, the European Central Bank announced its decision on raising interest rates in the face of rising inflation in the region.
On Friday (10), the US CPI (consumer inflation index) will give clues about the progress of the Fed’s monetary tightening (Federal Reserve, the American central bank).
“The interest rate decision in Europe and inflation data in the US may define investors’ appetite to take risk further down the road,” commented Leandro De Checchi, investment analyst at Clear Corretora.
In the Brazilian market, among the papers with the greatest movement, those of Eletrobras rose by more than 2% and during the afternoon they helped to temporarily alleviate the bad day. But the company, controlled by the federal government and which is in the process of privatization, ran out of steam at the end of the session.
Its common shares gained 0.81% on the day of the deadline for workers to invest part of the FGTS (Fundo de Garantia do Tempo de Serviço) in the company.
The pricing of shares will take place this Thursday. Demand is heated and has already moved around R$ 51 billion, according to market participants.
with Reuters
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