Ibovespa opens higher, following a positive outlook

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Last Friday, the main index of the Brazilian stock market rose 0.19% this Friday, to 108,464 points. Ibovespa closed higher on Friday. Pixabay The Ibovespa, the main index of the São Paulo stock exchange, the B3, opened higher this Monday (15th), in a day of good humor in the international markets. At 10:10 am, the index rose 0.32%, to 108,812 points. See more quotes. Last Friday, the Ibovespa rose 0.19% to 108,464 points. With the result, it ended the week with a high of 3.15, in addition to accumulating: Gains of 3.86% in the month; Reduction of 1.16% in the year. What is messing with the markets? In yet another edition of the Focus Bulletin, financial market economists raised projections for the Extended Consumer Price Index (IPCA) for this year. Expectations for the country’s official inflation in 2023 rose from 6.02% to 6.03%. With this, the estimates still exceed the inflation target set by the government, set at 3.25% by the National Monetary Council (CMN). It will be considered formally fulfilled if it fluctuates between 1.75% and 4.75%. For 2024, projections for inflation dropped from 4.16% to 4.15%. The inflation target for next year is 3.0%, with the possibility of varying between 1.5% and 4.5%. Still in the domestic scenario, investors await the presentation of the fiscal framework opinion by the rapporteur Cláudio Cajado (PP-BA) this Monday. Abroad, the highlight remains with the renegotiation of the US debt ceiling. President Joe Biden (Democrat) wants to raise the ceiling so that the government can afford the country’s expenses, but in recent weeks he has been facing some resistance from the opposition. BTG Pactual analysts point out that expectations are that, this week, there will be progress in the negotiations and highlight that a meeting between Biden and the mayor, Kevin McCarthy (Republican), is scheduled for tomorrow, which brings optimism to the market. “I remain optimistic because I’m a born optimist, but I really think there is a desire on their part (Republicans) as well as ours (Democrats) to reach an agreement and I think we will be able to do it,” the president said. American last Sunday. In Europe, Eurozone industrial production fell much more than expected in March. The European Union’s statistics agency, Eurostat, reported that output fell 4.1% in March from the previous month, down 1.4% year-on-year. Economists polled by Reuters had expected a 2.5% monthly decline and a 0.9% year-on-year gain. Initial plugin text

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