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Tuesday, January 31, 2023

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Ibovespa (IBOV) tries to rise this Tuesday (24), following Lula in Argentina

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THE Ibovespa operates on a high this Tuesday (24), after closing down 0.27% in the last trading session (Image: REUTERS/Amanda Perobelli)

THE Ibovespa (IBOV) operates on a high this Tuesday (24), after closing down 0.27% in the last trading session. Around 10:05 am, the index had advanced by 0.48%, to 112,277 points.

Investors remain averse to the new government’s proposals for the economy. After digesting President Luiz Inácio Lula da Silva’s criticisms of the Central Bank’s autonomy and inflation targets, yesterday it was the turn of the Ibovespa react badly to his new statements from Argentina.

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Today, the official opening of the Summit of the Community of Latin American and Caribbean States (CELAC) takes place, which takes place in Buenos Aires and where Lula will be present.

For analysts of BB Investimentosthe president’s speeches should continue to reverberate over the assets of the Ibovespaat a time of “formation of expectations of how the dynamics of the economy and foreign policy will be under the new management”.

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outside, the Ibovespa and its investors remain attentive to US data, amid fears of recession in the US, in addition to expectations surrounding the Fomc decision, next week.

Global markets continue to bet on a reduction in the pace of interest rate hikes by the Federal Reserve combined with the prospect of economic recovery in China.

Know more! IBOVESPA PERSPECTIVES 2023: HOW WILL THE COMPANIES YEAR BE? IMPACT OF THE BRAZILIAN ECONOMY ON THE INDEX!

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Source: Moneytimes

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