Ibovespa operates on the rise, with the start of the cut in interest rates

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Yesterday, the main index of the stock exchange retreated 0.32%, to 120,859 points. Ibovespa operates low this Wednesday. Pixabay The Ibovespa, the main index of the São Paulo stock exchange, the B3, operates on a high this Thursday (3), with the decision of the Monetary Policy Committee (Copom) of the Central Bank of Brazil to initiate a cut in the Selic , basic interest rate, which fell from 13.75% to 13.25% per annum. At 10:30 am, the index rose 0.90%, to 121,945 points. See more quotes. The main rises observed in the morning were from companies that benefit most from lower interest rates, with emphasis on retailers and the civil construction sector. The day before, the index closed down 0.32%, at 120.859 points. With today’s result, it started to accumulate: high of 0.56% in the week; drop of 0.89% in the month; gains of 10.14% in the year. What is messing with the markets? The main highlight in the internal scenario is the new Selic rate, of 13.25% per year, after the Copom reduced interest rates by 0.5 percentage points in a decision that was not unanimous, of 5 against 4. released after the meeting reveals that the committee envisages the possibility of promoting a new drop of the same magnitude, at its next meeting, which takes place at the end of September. An interest rate cut was already expected and specialists comment that it had already been priced in by the market. As a result, the trading session is positive for Brazilian risk assets, because lower interest rates favor other financial products in addition to fixed income. Copom’s messages with the 0.5 percentage point drop Furthermore, the external scenario has not been so optimistic in recent weeks and some specialists consider that an economic recession could come ahead. In the United States, for example, the risk rating agency Fitch reduced the country’s credit rating – which is considered the safest in the world -, generating a generalized bad mood by markets globally. In the North American country, by the way, eyes are turned today and tomorrow to the release of employment data, which can signal how the economy is doing.

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