O Ibovespa (IBOV) followed recovery movement this Friday (2), after closing the previous session with losses of 1.39%.
On game day Brazil at 2022 World Cup, the Brazilian stock market faced a session of reduced liquidity. The reference index ended the day advancing 1.09%, to 112,145.02 points, according to preliminary data.
Despite the volatility created by the external scenario, in anticipation of the next movements in the Federal Reserve (Fed)central bank of United Statesand due to the concern with the fiscal risk in the domestic environment, the Ibovespa ended the week with 2.9% of accumulated gains.
THE Transition PEC continues as the main factor that dictates the direction of the market. Expectations are increasing that the proposal presented by the elected government, which breaks the spending ceiling by up to R$ 198 billion for the next four years, may be dehydrated. This optimism was directly reflected in asset performance.
“The approval of the PEC with a lower value is positive for the fiscal scenario. And the less uncontrolled fiscal favors stock exchange assets. Therefore, we see the Ibovespa in a more optimistic tone today”, comments Ricardo Jorge, partner at the analysis house Quantzed.
PT leader in the Chamber of Deputies, Reginaldo Lopes (MG), said this Friday that the floor for the PEC is an exception of R$ 150 billion to the spending cap rule and that the two-year period may be the way to go. .
The proposal is being discussed in the Senate, and is expected to be voted on by the plenary of the House next Wednesday (7).
Abroad, employment data stronger than expected in the US put pressure on US indices, spilling over into the Ibovespa.
The creation of jobs outside the agricultural sector in the country totaled 263 thousand in November, against expectations that pointed to 200 thousand jobs. Additionally, October data has been revised upwards.
The chief strategist at Avenue Securities, William Castro Alves, assesses that the data released by the Department of Labor today reinforce the perception that there is still a lot for the Fed to do. The central bank is trying to cool down the labor market and avoid an inflationary spiral with further increases in wages.
The shares of Petrobras 🇧🇷PETR3🇧🇷PETR4) rose in trading this Friday, in a correction movement after yesterday’s strong fall. OK 🇧🇷VOUCH3), which opened in decline even with the advance of iron ore and with the announcement of billionaire payment of interest on own capital (JCP), closed with an appreciation of 1.08%.
THE Natura 🇧🇷NTCO3) jumped 10.59%, following the fall in interest rates futures. The retail industry in general has done well today.
Suzano 🇧🇷SUZB3) fell 3.27%, after announcing investment projections of BRL 18.5 billion for next year, above the BRL 16.1 billion forecast for 2022.
Eletrobras 🇧🇷ELET3) was the highlight of the fall, falling 4.71%. According to information from Pipeline, the BNDES is considering selling most of the stake it still has in the company.
With information from Reuters.
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