Ibovespa operates high this Monday

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On Friday, the main index of the stock exchange fell 0.78%, to 112,040 points. Market follows the São Paulo Stock Exchange (B3). KEVIN DAVID/A7 PRESS/ESTADÃO CONTEÚDO The Ibovespa, the main index of the São Paulo stock exchange, the B3, is up on Monday (23). At 10:13 am, the Ibovespa rose 0.57%, to 112,680 points. Ibovespa See more quotes. On Friday, the Ibovespa closed down 0.78%, at 112,040 points. As a result, the Ibovespa started to accumulate a gain of 2.10% in the year. Initial plugin text What’s messing with the markets? On the corporate agenda, Americanas is still in focus. Last week, B3 announced the removal of the company’s shares from its indexes after the announcement of the judicial recovery, with debts of R$ 43 billion. Despite the exclusion from B3’s stock indexes, the company’s shares will continue to be traded, but under the title of judicial recovery. Financial market economists raised their inflation estimate for this year from 5.39% to 5.48%. It was the sixth consecutive high of the indicator. The new increase happened after President Luiz Inácio Lula da Silva criticized the independence of the Central Bank and said that the current inflation target hinders growth – indicating that he can act to raise it. After that, the Minister of Institutional Relations, Alexandre Padilha, stated that there is no pre-disposition on the part of the government to make any changes to the institution. For this year, the central inflation target was set at 3.25% by the National Monetary Council (CMN) and will be considered formally met if it fluctuates between 1.75% and 4.75%. For the 2023 Gross Domestic Product (GDP) growth, the financial market raised its forecast from 0.77% to 0.79%. READ ALSO: Lula’s government starts under pressure and without the ‘slack’ of the 100 days in the economy From R$20 billion to R$43 billion: understand Americanas’ debt Already abroad, caution remains with the risk of recession in the United States , with the market waiting for new speeches by Federal Reserve leaders (Fed, the American central bank), which may indicate the course of interest rates in the country. Higher interest rates in the United States increase the yield on the country’s government bonds, which are considered the safest in the world. Thus, investors migrate to such investments, to the detriment of risky assets, such as the stock market and currencies of divergent countries – which helps to explain the devaluation of the real against the dollar. With inflationary pressure and higher interest rates, the perception of risk that the United States faces an economic recession also grows.

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