Ibovespa opens higher, accompanying abroad and waiting for the suspension of the debt ceiling in the US

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On the eve, the main index of the Brazilian stock market retreated 0.52%, to 110,333 points. Ibovespa operates high this Tuesday. Pixabay The Ibovespa, the main index of the São Paulo stock exchange, the B3, opened higher this Tuesday (30), following the good mood of the international markets, in anticipation of the approval of the agreement that suspends the debt ceiling of the States States and avoids a default by the world’s largest economy. At 10:15 am, the index rose 0.46%, to 110,841 points. See more quotes. This Monday (29), the Ibovespa fell by 0.52%, to 110,333 points. With the result, the index began to accumulate: drop of 0.52% in the week; increases of 5.65% in the month and 0.55% in the year. What is messing with the markets? The global markets woke up, on another day, waiting for the approval of an agreement that will suspend the ceiling of the American debt, of US$ 31.4 trillion, until 2025. This negotiation will prevent the United States from defaulting on its debts : the country’s Treasury has already warned that, if the proposal is not approved, it will run out of money in the first days of June. President Joe Biden (Democrat) and the Republicans, his opposition, managed to reach a final agreement last Sunday, after weeks of tensions and impasses. The understanding between the two parties calmed the spirits of investors, which favors risky assets, such as currencies from emerging countries and the stock market. However, the proposal still needs to be approved by Congress to start taking effect. The first test is already this Tuesday, in a vote in the Rules Committee of the House of Representatives. Afterwards, the text goes to the vote in the House, led by the Republicans, and to the Senate, controlled by the Democrats. Both Biden and House Speaker Kevin McCarthy are upbeat about the votes and hope the deal will pass. In the domestic scenario, the highlight is the General Market Price Index (IGP-M), considering rent inflation, which fell by 1.84% in May, according to FGV-Ibre. The indicator fell more than expected by the market. The economic agenda does not have other very relevant points this Tuesday. Vitor Miziara, a partner at Perfoma Investimentos, also comments that the market is now more attentive to news about Nicolas Maduro’s visit to President Luiz Inácio Lula da Silva than to economic indicators. Initial plugin text

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