Ibovespa operates with volatility this Monday

[ad_1]

Last Friday, the main index of the Brazilian stock market advanced 0.77%, to 110,905 points. Ibovespa Freepik The Ibovespa, the main index of the São Paulo stock exchange, the B3, opened with volatility this Monday (29), oscillating between highs and lows, after the US government reached an agreement with the opposition to renegotiate the ceiling of the country’s debt – which should prevent a default. Around here, investors also echo the data released in the last Focus Bulletin, which point to a reduction in projections for inflation in 2023. At 10:30 am, the index fell 0.57%, to 110,272 points. See more quotes. Last Friday (26), the Ibovespa rose 0.77% to 110,905 points. As a result, the index began to accumulate increases of: 0.15% in the week; 6.20% in the month; 1.07% in the year. What is messing with the markets? On public holidays in the United States, the markets at the global level have a lower trading volume, which leads to a trend of less significant oscillations both in the foreign exchange market and in the stock market. Even so, investors around here are echoing the news that President Joe Biden (a Democrat) and the Republicans, his opposition, reached an agreement to suspend the US$ 31.4 trillion debt ceiling until 2025. the agreement goes to the approval of the US Congress, in a vote that is scheduled to take place this Wednesday (31). In Brazil, the Central Bank (BC) released another edition of the Focus Bulletin, a report that gathers the median projections of market economists for the country’s main indicators. Specialists reduced the inflation estimate for 2023 from 5.80% to 5.71%, at the same time that they began to estimate greater growth in the level of activity. For Gross Domestic Product (GDP) growth in 2023, financial market expectations rose from 1.20% to 1.26% in the last week. Initial plugin text

[ad_2]

Source link