The Ibovespa ended up 1.16%, at 113,028.15, this Tuesday (24), with consumer stocks on the upside, including Magazine Luiza, which jumped more than 8%, and Natura&Co, which advanced 6 .7%, while oil companies were in the negative column, as oil prices retreated abroad.
The dollar, on the other hand, closed down 1.09% this Tuesday (24), quoted at R$5.142, marking the second day of the currency’s decline, supported by the entry of foreign funds into Brazil, according to financial agents, and having extended losses in the afternoon along with weakening US currency abroad.
The market also operated with an eye on the “inflation preview”, the IPCA-15, which rose 0.55% in January, while the market expected an increase of 0.52% in the monthly comparison. With this result, the index decelerated from 5.90% to 5.87% in the variation of the last months.
The debate around the inflation target is installed in the country. Yesterday, in Argentina, Fernando Haddad corroborated Lula’s diagnosis of the Brazilian system and said that the discussion will be carried out with “tranquility”.
In the midst of this debate, the future yield curve has been volatile. It went up the day before and today opened mixed in the different maturities. The correction is being made in anticipation of a higher Selic for a longer period.
The dollar futures contract for the first month rose 0.01% on B3, to R$ 5.217.
In addition to the IPCA-15, the market follows Lula’s trip to Argentina. The president will participate this Tuesday in the Summit of the Community of Latin American and Caribbean States and will meet, among other people, with the representative of the European Union, to discuss the agreement with Mercosur, and also with the president of Cuba, Miguel Díaz- cinnamon.
This meeting takes place after Lula announced the return of the BNDES as an instrument to finance works by Brazilian companies abroad. In the operation carried out with Cuba and Venezuela, for example, the National Treasury had to finance the two countries’ default in an account that reached US$ 1 billion. Cuba remains in default with Brazil.
The Central Bank held an auction of up to 16,000 traditional exchange rate swap contracts in this trading session for the purpose of rolling over the maturity of March 1, 2023.
On the eve, the dollar in sight closed down 0.18%, at R$ 5.199 on sale.
*With information from Thais Heredia and Reuters. Posted by Ligia Tuon and Ana Carolina Nunes
Source: CNN Brasil
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