The dollar saw little change against the real in early trading on Tuesday (28), with global relief after China’s decision to relax quarantine rules sharing attention with domestic fiscal fears, while investors also awaited the release of inflation data. Americans later this week.
At 9:11 am (GMT), the spot dollar retreated 0.11%, to R$ 5.2296 on sale.
On B3, at 9:11 am (GMT), the first-maturity dollar futures contract dropped 0.24% to R$5.2350.
On Monday (27), the US spot currency closed down 0.32%, at R$ 5.2352. On the same day, the Brazilian Stock Exchange achieved a strong recovery with the support of the commodities sector. The boost came from the Communist Party of China, which announced victory against Covid in one of the country’s main urban centers.
The Ibovespa closed up 2.12%, at 100,763 points. That was the biggest daily advance for the benchmark index since the 2.43% gain recorded on March 9.
The Stock Exchange had been closing below 100,000 points since June 17, when criticism from President Jair Bolsonaro (PL) and allies to the increase in fuels applied by Petrobras worsened the mood of investors already pressured by the global scenario of risk aversion after the rise. interest rates in the United States.
The oil exploration and production branch topped the list of stocks that rose the most on the day. Petrobras’ common and preferred shares rose 6.75% and 6.43%, respectively. Then came 3R Petroleum, Eneva and PetroRio, which jumped 6.41%, 5.78% and 5.29%, in that order.
Communist Party Shanghai chief Li Qiang said the authorities won the war to defend Shanghai against Covid.
Also in China’s upbeat news package, the country’s central bank reported having made the biggest daily injection of cash into the banking system through open market operations in nearly three months.
In the domestic news, the market also evaluated the reduction of friction between the government and Petrobras as reassuring after the company’s board of directors confirmed on Monday the appointment of Caio Paes de Andrade to the company’s presidency.
The less troubled environment allowed investors to look at the value of Brazilian companies whose prices are below their fundamentals.
Among the securities with the highest trading volume, in addition to Petrobras, Vale, Eletrobras and Localiza also stood out, which rose 4.60%, 2.37% and 2.72%, respectively.
In New York, on Monday, the benchmark index of the Exchange, the S&P 500, fell 0.29%. Dow Jones and Nasdaq were down 0.20% and 0.72%.
Market participants described the New York trading day as smooth, with low trading volumes and investors in a holding pattern, with few moving money.
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