Economy

Dollar opens stable with investors attentive to political climate

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The dollar had little change against the real in the first trades this Wednesday (11), with investors still monitoring the political climate in Brasília in the wake of attacks on the Three Powers over the weekend, while, abroad, the focus was on data US inflation forecasts to be released on Thursday.

At 9:13 am (Brasília time), the spot dollar advanced 0.06%, to R$ 5.2050 in the sale.

This Tuesday (10), the dollar closed down and the stock market up, after the market evaluated as positive the reactions of political leaders and authorities to the coup acts practiced in Brasilia last Sunday (8).

The performance of the indicators even resisted the effects of higher-than-expected inflation data in December 2022, released this Tuesday by the IBGE.

The spot commercial dollar closed down 1.04%, at R$5.2020. The Ibovespa ended the day up 1.55%, at 110,816 points. Thus, the Stock Exchange starts to accumulate an increase in 2023, of almost 1%.

In interest, only contracts with shorter maturities had a slight increase. The rate for 2024 rose from 13.58% at the close of this Monday (9) to 13.60%. The rate for 2025 dropped from 12.78% to 12.69%. For 2027, the rate dropped from 12.70% to 12.50%.

This drop in longer interest rates had an influence on retailer shares, which dominated the Ibovespa’s list of highest rises. GPA common stock rose more than 8%, and Magazine Luiza and Americanas common stock advanced more than 7%.

In the case of GPA, the board of directors approved a reduction in the company’s capital of R$7.1 billion, with the transfer of shares in the Colombian network Éxito to its shareholders.

This Tuesday afternoon, the minister of the STF (Federal Supreme Court) Alexandre de Moraes ordered the arrest of Anderson Torres, former Secretary of Security for the Federal District. Moraes also ordered the arrest of Fabio Augusto Vieira, former commander of the DF Military Police.

Rodrigo Pacheco, president of the Senate, said that the “coup-mongering minority” that attacked the headquarters of the Three Powers on Sunday managed to unite the institutions even more, and classified the acts carried out by that group as “crimes”. This Tuesday, the Senate also approved federal intervention in the DF, even with a contrary vote by Bolsonaristas.

The beginning of this Tuesday’s trading session was more influenced by inflation data and news from abroad. The IPCA (Ample National Consumer Price Index) accumulated an increase of 5.79% in the 12 months of 2022, reported this Tuesday (10) the IBGE (Brazilian Institute of Geography and Statistics). In December, the increase was 0.62%, compared to 0.41% in November.

Abroad, Jereme Powell, president of the Federal Reserve, the North American central bank, gave no signs about the tendency for the next meetings that will decide the trajectory of interest rates in the United States, in an event promoted by the central bank of Sweden.

At first, stock indices in New York rose, lost strength during the afternoon, and ended the day on a high. The Dow Jones Industrial Average rose 0.56%, the S&P 500 gained 0.70% and the Nasdaq 100 closed up 1.01%.

With Reuters

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