Ibovespa opens higher driven by Vale

[ad_1]

The main index of the Brazilian stock market rose 1.46%, to 118,383 points. Ibovespa operates high Freepik The Ibovespa, the main index of the São Paulo stock exchange, the B3, opened on a high this Friday (30), driven by Vale’s shares and accompanying the outside world, moving towards ending the first quarter with appreciation. In the internal scenario, investors echo the decision of the National Monetary Committee (CMN) to change the inflation targeting regime and new unemployment data, released by the IBGE. At 10:35 am, the index rose 0.46%, to 118,927 points. See more quotes. At the same time, Vale shares advanced 0.44%. The day before, the Ibovespa closed up 1.46%, at 118,382 points. With the result, the index began to accumulate: drop of 0.50% in the week; increases of 9.27% ​​in the month and 7.88% in the year. What is messing with the markets? The main highlight of the last trading session of the semester is the change in the inflation targeting regime. For this year and the next, nothing changes. But, as of 2025, the target will be continuous at 3%, not limited to the calendar year. In the current regime, the inflation target works with a closed period: from January to December of a given year. Thus, the objective is that the inflation measured in December, accumulated since the previous January, is within the target. In the case of 2023, the center of this target is 3.25%. In the continuous model it is different. Inflation has to be on target over a time horizon, regardless of the closing date. Haddad stated that the government tends to work with a 24-month horizon, but that the definition of the period will be up to the Central Bank of Brazil (BC). On the subject, the BTG Pactual analysis team points out that “the projection is for a drop in inflation expectations and the interest curve raises the pricing of the Selic (basic interest rate) cut in August. According to the Minister of Finance, Fernando Haddad , the decision may ‘change the speed’ of the cuts”. Understand what the continuous inflation target is, which will be adopted by the Central Bank Still in the internal scenario, the IBGE announced that the unemployment rate dropped to 8.6% in the quarter ended in May. In relation to the immediately previous quarter, between December and February, the period brings a reduction of 0.3 percentage points (8.6%) in the unemployment rate. In the same quarter of 2022, the rate was 9.8%. As a result, the absolute number of unemployed persons fell by 3% against the previous quarter, reaching 8.9 million people. There are 279,000 fewer people in the number of unemployed people, compared to the last quarter of last year. Compared to the same period of 2022, the decline is 15.9%, or 1.7 million workers.

[ad_2]

Source link