Ibovespa operates unstable this Friday

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The day before, the main index of the Brazilian stock market fell 1.77%, to 108,008 points. Ibovespa operates high this Tuesday. Pixabay The Ibovespa, the main index of the São Paulo stock exchange, the B3, operates unstable this Friday (10), after a sharp decline the day before amid rumors that the economic team is evaluating an early review of the inflation targets for the country and fears of greater government influence over the Central Bank. At 10:08 am, the Ibovespa fell 0.21%, to 107,778 points. See more quotes. On the previous day, the Ibovespa retreated 1.77%, to 108,008 points. With the result, it started to accumulate a drop of 0.45% in the week, 4.75% in the month and 1.54% in the year. Lula raises attacks on Campos Neto while government and BC wave a truce What is messing with the markets? Around here, attention was focused on rumors that the economic team was evaluating an early review of the country’s inflation targets. The National Monetary Committee (CMN) meeting that will discuss the inflation target for 2026 is scheduled for June – but it may be brought forward and review the targets already established for previous years. The markets have been very sensitive to President Luiz Inácio Lula da Silva’s (PT) criticism of the Central Bank, which has increased volatility in recent days and reinforced more pessimistic positions by local investors. At the beginning of the week, the president made new criticisms of the interest rate level in Brazil, which is adjusted by the Central Bank. In the second, he said that the country has a “culture” of high interest rates. On Tuesday, the country does not grow because of the Selic at around 13.75% per year. Government ministers and technicians told g1 that the PT’s harsh criticism of the Central Bank and the institution’s autonomy are above the tone and hinder the work of the economic team. The Minister of Finance, Fernando Haddad, went public and said that the Copom minutes brought a more “friendly” message. Finally, for the parliamentarians, there is no “environment” to change the BC’s autonomy rules, something that Lula had suggested last week. The independence of the BC was established, by law, in 2021, and establishes the four-year term of office for the president of the BC and aims to shield the body from party-political pressures. Lula is in the United States, where he is meeting with US President Joe Biden this Friday. The USA is the third country visited by Lula since he took office, on January 1st – he has already been to Buenos Aires, Argentina, and Montevideo, Uruguay. Lula also plans to travel to China and Portugal in the coming months. An additional weight for business in the Brazilian market should come from Bradesco. In the premarket in New York, the bank’s share receipts (ADRs) sagged. In its balance sheet released on Thursday, Bradesco noted a 75.9% drop in recurring net profit in the fourth quarter of last year compared to the same period of 2021. The result was far below what was expected by the market. The bank also informed that it provisioned 100% of the operation involving a “specific Large Corporate client”, without mentioning the name of the Americanas Group. Initial plugin text

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