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Ibovespa retreats with an eye on news about the PEC for the Explosion and Treasury; dollar goes up

The Ibovespa was falling on the morning of this Friday (25th), after a strong rise the day before, as financial agents are still waiting for news about the PEC of the Explosion and the ministerial team of the new government, mainly who will occupy the Ministry of Finance.

Abroad, the tone was predominantly positive, but the expectation is that the early closing of trading sessions in New York, still related to the Thanksgiving Day holiday the day before, will reduce liquidity in the Brazilian market.

At 10:30 am, the Ibovespa was down by 0.78%, at 110,955.93 points. At the same time, the commercial dollar rose 0.71%, quoted at R$ 5.348 on sale.

On Thursday, when there was no trading on the North American stock exchanges, the Ibovespa jumped 2.75%, in a session with the volume also affected by the debut of the Brazilian team in the World Cup. The US currency closed the last session down 1.13%, at R$ 5.310 on sale.

In the end, turnover amounted to less than 18 billion reais, out of a daily average of 38.8 billion in the month.

News that president-elect Luiz Inácio Lula da Silva will not intervene in Petrobras, as well as that economist Pérsio Arida may join the new government, served as an argument for local investors to go shopping.

The Central Bank will hold an auction of up to 14,380 traditional exchange rate swap contracts in this trading session for the purpose of rolling over the maturity of December 1, 2022.

Source: CNN Brasil

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