The dollar recorded high against the real at the opening of business this Wednesday (19), following a movement abroad of greater caution amid fears about inflation and expectations of aggressive monetary tightening by central banks.
At 9:11 am (GMT), the spot dollar advanced 0.70%, at R$ 5.2919 on sale.
On B3, at 9:11 am (GMT), the dollar futures contract with the first maturity rose 0.91%, to R$ 5.3035.
On Tuesday (18), the Ibovespa closed up 1.87%, at 115,743 points. The benchmark indicator of the Brazilian Stock Exchange returned to 115,000 points a week after having lost that mark. In the foreign exchange market, the spot commercial dollar dropped 0.90%, quoted at R$ 5.2530 on sale.
Investors in the Brazilian financial market followed this Tuesday the optimistic mood abroad caused by the quarterly balance sheets of major American banks, which came in better than expected.
In addition to the favorable environment abroad, local businesses also boosted the stock market. The highlight was the 9.62% rise in Natura’s shares, the day after the company announced studies for an initial offering of shares in one of the group’s companies, the Australian luxury cosmetics brand Aesop. At the maximum of the day, the shares rose 18%.
Natura still accumulates a drop of 44% in 2022, while the Ibovespa result this year is positive at 10.42%.
On the negative side of business, Oi fell to the lowest price in history. The common share closed the day at R$0.32.
The company, once the country’s largest telephone company, has announced that it will pool its common and preferred shares at a ratio of 50 to 1.
As a result, 50 common shares (OIBR3) and 50 preferred shares (OIBR4) will be converted into one share each. In this way, Oi’s capital stock will be divided into approximately 132 million shares, and no longer 6.6 billion shares.
Domestic investors also focused on finding justifications for their business decisions abroad in the face of uncertainties in the domestic scenario with the intensification of the electoral race and possible instabilities that a tight result at the polls could cause.
In New York, the stock exchange’s parameter indicator, the S&P 500, closed with a gain of 1.14%. The Dow Jones and Nasdaq indexes advanced 1.12% and 0.90%, respectively.
Good mood has returned to global markets after last week’s heavy losses on pessimistic US inflation data.
Also contributing to the improvement of the business environment this week were the statements of the new UK finance minister.
Jeremy Hunt scrapped Prime Minister Liz Truss’s economic plan and slashed her proposed vast energy subsidy, launching one of the biggest shifts in British fiscal policy to stem a dramatic loss of investor confidence.
with Reuters
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