See stock exchange and dollar quotes this Friday – 02/17/2023 – Market

The spot dollar opened higher against the real this Friday (17), after the result of the CMN (National Monetary Council) meeting, which did not address the inflation target for 2023. Even so, the market remains on the defensive, after President Luiz Inacio Lula da Silva charged the monetary authority again.

In an interview with CNN Brasil, Lula defended that the Central Bank should control inflation and encourage growth and job creation.

At 9:17 am (Brasília time), the spot dollar advanced 0.53%, to R$ 5.2395 on sale.

On B3, at 9:17 am (Brasília time), the first contract dollar futures contract rose 0.37%, to R$ 5.2490.

On a day full of oscillations, the Stock Exchange closed high and the dollar low this Thursday (16). Until mid-afternoon, the focus was on economic indicators in Brazil and the United States. But statements by President Luiz Inácio Lula da Silva (PT) and the Minister of Finance, Fernando Haddad, ended up drawing more attention from investors.

The Ibovespa closed up 0.31% to 109,941 points. The spot commercial dollar closed down by 0.19%, at R$5.209. The quotation reached R$ 5.26 at the maximum of the day.

Future interest rates ended the day closer to stability. Contracts maturing in January 2024 fell from 13.27% at the close of this Wednesday (15) to 13.20% per annum. The maturity for January 2025 increased from 12.59% to 12.53%. Rates for January 2027 advanced from 12.86% to 12.87%.

According to Panel SA, businessmen who attended a dinner with Haddad, on the night of this Wednesday (15), commented on the minister’s determination to carry out his fiscal agenda.

For Luiz Carlos Trabuco, chairman of Bradesco’s board of directors, Haddad was serene, and showed firmness about the importance of signaling solutions for the tax issue.

President Lula once again adopted a critical tone when speaking about the president of the Central Bank, Roberto Campos Neto.

“As President of the Republic, it is not interesting to fight with a citizen who is president of the Central Bank and whom I know little about. I saw him once. The only thing I want is for him to comply… You know, if he agrees, when I’m going to take my government to visit the most miserable places in this country, I’m going to take him to see it. He has to know that people in this country have to govern for the people who need it most”, said the president in an interview with CNN.

This Thursday morning, the IBC-Br, the economic activity index measured by the Central Bank, was released. In the whole of last year, the indicator increased by 2.9%. But in the fourth quarter, there was a retraction of 1.46% compared to the third quarter.

President Luiz Inácio Lula da Silva (PT) announced this Thursday that the minimum wage amount will be R$1,320 and that the Income Tax exemption will rise to R$2,640 – which corresponds to two minimum wages. Lula also said that the exemption range will be progressively increased.

Banks closed higher, with the news about negotiations with Americanas’ reference shareholders. The retailer’s proposal involves an injection of R$ 7 billion by these shareholders, in addition to the repurchase of R$ 12 billion in securities issued and the conversion of R$ 18 billion into capital or subordinated debt.

The preferred shares of Bradesco, the large bank most exposed to Americanas, rose by almost 2%. Itaú Unibanco’s preferred shares closed up 0.74%.

In the United States, investors continue to be concerned about data that show economic activity is still heated, even with recent interest rate hikes.

This dynamic, according to analysts, makes it difficult to control inflation and may lead the Fed (Federal Reserve, US central bank) to continue with a tougher line of interest rate policy.

This Thursday, industrial inflation in the United States was released, with a monthly increase of 0.7% in January, the highest increase since June last year.

In addition, unemployment insurance claims stood at 194,000 this week, against the expectation that the number would reach 200,000 claims.

“At this juncture, the recent data releases haven’t changed my view that we’re going to need to raise rates above 5% and hold for a while,” said Loretta Mester, president of the Cleveland Fed.

As a result, stock indices in New York closed lower. The Dow Jones fell 1.26%. The S&P 500 is down 1.38%%. And the Nasdaq closed down 1.78%.

With Reuters