Ibovespa registers sixth consecutive drop with dollar at R$ 5.48 and doubts about the next government
According to data from Times Brasil, the stock market lost 1.42% this Tuesday (3), closing at 165,528.92 points, while the dollar advanced 0.79%.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM TIMES BRASIL · 2 MIN
According to Times Brasil, the São Paulo stock exchange ended Tuesday (3) down 1.42%, quoted at 165,528.92 points, and recorded its sixth consecutive session in the red. It was the debut of November in the trading session, right after the All Souls' Day holiday, and the sequence of losses continues to put pressure on the most watched indicator in the national market.
While the stock market retreated, the dollar rose 0.79% and was quoted at R$5.4872, according to the same source. The American currency advanced towards the level of R$5.48, while shares lost space, a movement that draws the attention of those who follow the relationship between exchange rates and the stock market.
During the session, the price varied from a floor of 164,446.53 to a ceiling of 168,005.46 points, with a financial turnover of R$32.4 billion. The numbers show a day of intense trading, with the index fluctuating in a wide range before ending in negative territory.
According to the same vehicle, the scenario is influenced by doubts regarding the economic guidelines of Lula's (PT) next administration. When the market does not know which direction the economic rules will take, it tends to demand a higher premium for risky assets, and this caution usually appears first in stocks and exchange rates.
Rumors are also circulating that Selic, the basic interest rate used as a reference for credit and fixed income, could have its management changed. As Selic influences both the cost of capital of companies and the attractiveness of fixed income investments, any sign of change in its conduct gains immediate weight in prices.
What changes for the investor
In the short term, the scenario suggests greater volatility, with the Ibovespa and the dollar responding to signals about economic policy and interest rates. For those who invest in the stock market, the combination of an index in a sequence of falls with a stronger American currency reinforces the importance of carefully monitoring the definitions of the next government and any communication about the Selic, as these are the factors cited as sources of uncertainty.
Automatically translated from Portuguese.
