Ibovespa hits 113 thousand points with external support; dollar falls

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The São Paulo stock exchange maintained a positive tone this Wednesday (18), in the face of a more risk-friendly environment abroad, while corporate news in Brazil included Petrobras production data and Cyrela’s operational preview.

Investors also continue to follow the movements around Americanas, mainly the risk of a request for judicial recovery by the retailer, as well as the discussions related to the minimum wage.

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At 11:05 am, the Ibovespa rose 1.17% to 112,746.74 points. At the maximum so far, it reached 112,928.84 points. The financial volume totaled BRL 2.9 billion reais, in a session also marked by the expiration of options on the Ibovespa. At the same time, the dollar fell 0.41%, quoted at R$ 4.0792.

In New York, stock futures had positive variations, in session with data such as producer inflation, retail sales and industrial production in the United States, in addition to the Beige Book and speeches by members of the Federal Reserve.

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Investors continue to look for signs about the next steps of the US monetary authority, which holds its first interest rate meeting on January 31 and February 1.

In Brazil, the day’s agenda does not bring relevant indicators, with attention focused on political/fiscal news, mainly on the new minimum wage in 2023.

The Minister of Finance, Fernando Haddad, said the day before that the government will define the value based on negotiation with union centrals, but indicated that the viability of staying above 1,302 reais will depend on the calculation of the number of INSS beneficiaries.

For the team at Ágora Investimentos, the fiscal front, including new details on a possible Tax Reform, will be fundamental to sustain the most positive movement in the São Paulo stock exchange throughout the day.

After a more tense start to the year on the São Paulo stock exchange, the Ibovespa is already working with a positive performance in 2023, of around 2.7%, which many financial agents attribute to the positive flow of foreign capital.

According to data from B3, until January 13, the foreign capital balance in the secondary Brazilian stock market is positive by almost 3 billion reais this year.

Source: CNN Brasil

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