The commercial dollar fell 1.45% this Monday (21), closing the session at R$ 4.9440 on sale. It is the lowest price since June 29 of last year, which was R$ 4.9420. The real also appreciated the most against the US currency in relation to other currencies of emerging countries.
Significant increases in the shares of large banks and, mainly, of companies linked to the production of raw materials show that the Stock Exchange continues to be an important attraction of dollars for Brazil, which has contributed to the fall in the exchange rate.
Before the close of trading after the Exchange closed, the Ibovespa rose 0.73%, to 116,154 points.
The balance of foreign investments in Brazilian shares is R$73.5 billion, according to the most recent data made available by B3, the Brazilian Stock Exchange. It is equivalent to 72% of the total of BRL 102.3 billion of the balance for the entire year of 2021, the best result in the historical series.
In negotiations between Russia and Ukraine, the Ukrainians’ refusal to hand over Mariupol, after the Russian ultimatum, led the market to lower its expectations of a truce.
Investors are concerned that the protracted war will damage the global supply chain. This fear provoked a new spike in the price of oil. A barrel of Brent was up 7.95% at US$ 116.51 (R$ 578.58).
In three consecutive highs since last Thursday (17), the commodity has already risen 18.82%.
European Union countries are considering joining the United States in an embargo on Russian oil. In addition to the war in Ukraine, an attack on Saudi oil facilities this weekend also put pressure on raw material prices.
The main New York stock indices retreated in the late afternoon of this Monday (21) in reaction to a speech by Fed President (Federal Reserve, the American central bank), Jerome Powell, about the need to raise interest rates to accelerate the inflation control. The country has recorded the highest price increases in 40 years.
At 16:47, the S&P 500, Dow Jones and Nasdaq indicators lost 0.19%, 0.91% and 0.89%, in that order.
“There is an obvious need to act quickly to return the monetary policy stance to a more neutral level and then move to more restrictive levels if that is necessary to restore price stability,” Powell commented.
Fed policymakers raised rates last week for the first time in three years and signaled continued rate hikes going forward.
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