The dollar was traded slightly lower against the real shortly after the opening on Wednesday (30), with hopes about peace talks between Russia and Ukraine dropping the dollar abroad for the second consecutive session.
At 9:08 am (GMT), the spot dollar retreated 0.21%, to R$ 4.7471 on sale.
On B3, at 9:08 am (GMT), the first-maturity dollar futures contract dropped 0.30% to R$4.7485.
The currency traded on the interbank market closed the last session down 0.30%, at R$ 4.7573 on sale.
This Tuesday (29), the dollar closed down by 0.35%, at R$ 4.7570. The American currency is at its lowest level since the beginning of the Covid-19 pandemic, in March 2020. Ibovespa, on the other hand, rose 1.07%, to 120,014 points, in the best result of the country’s stock market benchmark since March 27, 2020. August.
The real gains strength this year due to the growth of foreign investors’ interest in stocks linked to the commodities sector of the Stock Exchange and the high interest rates of fixed income investments in Brazil.
On Tuesday, however, the global market was particularly optimistic about progress in peace talks between Russia and Ukraine.
Stocks in Europe and the United States rose and most emerging market currencies appreciated against the dollar, demonstrating the market’s willingness to invest in riskier investments.
The Russian ruble posted a gain of 9.25% in cash against the American currency, occupying the best position among the currencies of emerging countries.
On the Brazilian Stock Exchange, the 2.22% increase in Petrobras’ most traded shares accounted for the greatest positive contribution to the rise in the Ibovespa.
In the first trading session after the appointment of economist Adriano Pires to replace General Joaquim Silva e Luna in charge of the company, the positive bias in the negotiations of the company’s shares signaled the market’s approval of the one chosen by the management of President Jair Bolsonaro (PL).
The recovery of Petrobras resisted the drop of 1.26% in the barrel of Brent oil, quoted at US$ 111.06 (R$ 531.96) in the early evening of this Monday. The day before, the commodity had fallen 6.77%.
Despite reflecting optimism over negotiations over the war in Ukraine, the devaluation of oil had a negative impact on the stock exchange’s commodities sector, whose poor performance on Tuesday also resulted from concerns about Covid-19 in China.
Shanghai has imposed a lockdown to try to contain the spread of the coronavirus among its 25 million residents. Investors fear that the disease could cause prolonged stoppages in supply chains, a risky scenario for the basic materials sector, which ended the day down on the Brazilian stock exchange.
The non-essential goods and technology sectors had the biggest gains in the session. Retailers Via, Americanas and Magazine Luiza shot up 8.63%, 8.42% and 8.19%, in that order. Positivo’s shares jumped 7.36%.
Retail and technology reacted positively to yet another day of decline in DI (Interbank Deposits) interest curves, which is how the market classifies the evolution of loan rates negotiated between banks for the coming years.
Reference for the short-term credit market, the DI rate for January 2023 fell for the fourth consecutive day, going from 12.97% to 12.70% per year in this interval.
with Reuters
I have over 8 years of experience in the news industry. I have worked for various news websites and have also written for a few news agencies. I mostly cover healthcare news, but I am also interested in other topics such as politics, business, and entertainment. In my free time, I enjoy writing fiction and spending time with my family and friends.
