Ibovespa registers fourth consecutive drop with fiscal uncertainty and dollar rises
Index closes at 169,186.42 points with a decline of 1.06%, while investors await government signals on economic policy and the external scenario worsens.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM MONEY TIMES · 3 MIN
The Ibovespa closed Thursday (29) down 1.06%, at 169,186.42 points, and accumulated the fourth consecutive session of losses, according to Money Times. On the same day, the spot dollar rose 0.89% and closed at R$5.3878. The movement combines doubts about the direction of public accounts with a heavier mood abroad.
At the center of concerns is the composition of the economic team. According to Rádio CBN, cited by Money Times, Lula is expected to travel to Piauí next week to invite governor Rafael Fonteles (PT), who was re-elected, to take over the Ministry of Finance. Investors await government signals on economic policy. The possible taxation of LCI, LCA, CRI, CRA and incentivized debentures is also on the radar, which affects fixed income applications widely used by those who invest.
During the trading session, the index fluctuated between a minimum of 169,156 points and a maximum of 171,402.97 points. According to InfoMoney, the Ibovespa had risen 0.23% before reversing its signal, opening at 171,006.10 points, and at 12:40 pm it fell 0.95%, at 169,360 points.
The external scenario also weighed in. Also according to InfoMoney, North American stock markets fell on the day. X-Trader reported that the Nasdaq future fell 1.70% at the opening, and highlighted that the US GDP came in at 3.4%, that the PCE accelerated, that the ECB remains on pause and that Lagarde is leaving office.
In the commodities market, iron ore rose 2.4% in Dalian, China, while Petrobras (PETR4) saw growth in oil production and oil fell, according to InfoMoney. X-Trader pointed out that oil fell 2.44% and cited the dollar at R$5.36 in its reading for the day. The domestic agenda also includes the release of the IGP-M and tax data.
What changes for the investor
For those who invest in the stock market and interest rates, the central point is what the government signals in the coming weeks. The definition of the Treasury's command and the signals on public accounts tend to guide the appetite for risk, and a possible change in the taxation of LCI, LCA, CRI, CRA and incentivized debentures could change the comparison between exempt investments and other fixed income options. In The X-Trader News' view, fiscal responsibility is the criterion that the market must demand from those who assume economic policy. While these definitions are not enough, exchange rates and commodities remain sensitive to data from the United States and China, and none of these factors allow us to predict the direction of prices.
Automatically translated from Portuguese.
