Ibovespa starts to rise and tries to hold 134 thousand points in the last trading session of the year; dollar rises

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The day before, the main stock market index rose 0.49%, to 134,194 points, a new historical record. The North American currency had an increase of 0.22%, quoted at R$ 4.8328. Panel shows market variation at B3, in São Paulo. Amanda Perobelli/Reuters Ibovespa, the main stock index on the Brazilian stock exchange, B3, operates slightly higher this Thursday (28), on an adjustment day and with a preview of inflation above expectations. The day before, the index had reached its fourth consecutive session of highs, renewing — once again — its historical record at 134 thousand points. The dollar also rises, operating at around R$4.83. See the day in the markets below. Dollar At 12:55 pm, the dollar was up 0.08%, quoted at R$4.8366. See more quotes. The day before, the North American currency advanced 0.22%, quoted at R$4.8328. As a result, it began to accumulate falls of: 0.57% in the week; 1.68% in the month; 8.44% in the year. Ibovespa At the same time, Ibovespa was up 0.06%, at 134,277 points. The day before, the index closed with an increase of 0.49%, at 134,194 points, the highest closing level in history. As a result, it accumulated gains of: 4.87% in the month; 21.69% in the year. READ ALSO CASH OR CARD? What is the best way to take dollars when traveling? DOLLAR: When is the best time to buy the currency? Understand what makes the dollar rise or fall What is moving the markets? This Thursday, there are two highlights on the internal agenda, with the new package of measures to balance public accounts, announced by the Minister of Finance, Fernando Haddad, and the release of the Broad National Consumer Price Index 15 (IPCA-15) — considered the preview of the country’s official inflation. Haddad listed a series of new measures that will be sent by the government to the National Congress to improve the situation of federal public accounts in the coming years. “Our effort continues to balance the books by reducing tax spending in our country. Tax spending in Brazil grew the most, rising from around 2% of GDP to 6% of GDP”, stated Haddad. According to Haddad, the list is made up of three measures: the limitation of tax compensations made by companies – that is, taxes that will not be collected in the coming years to “offset” taxes unduly paid in previous years and already recognized by the Courts; changes to the Events Sector Emergency Resumption Program (Perse), created during the pandemic to benefit the cultural sector and extended by Congress, in May, until 2026. According to Haddad, part of the tax rebates included in this program will be gradually revoked during this period. gradual tax relief on the payroll – contrary to the extension of the exemption enacted by Congress – and, in return, partial tax relief on the “first minimum wage” received by each worker with a formal contract. The texts of the announced measures have not yet been released, and they should only begin to actually be processed when Congress returns from recess, starting in February. See the full g1 report on the subject. The IPCA-15 rose 0.40% in December, reported the Brazilian Institute of Geography and Statistics (IBGE). The index accelerated by 0.07 percentage points (pp) in relation to November, when it increased by 0.33% and came above market estimates, which expected 0.29%. With the results, the index accumulated 4.72% in the 12-month window. The main impact came from Transport, with a gain of 0.77% in the month. In this group, the sub-item airline tickets rose 9.02% and had the biggest individual impact on the month’s index (0.09 pp). Abroad, the session was marked by a fall in iron ore and oil futures, while North American stock futures had a mixed performance and Treasury yields recorded discreet increases.

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