O Ibovespa (IBOV) started the month of June in a rush, closing this Thursday (1st) at an increase of 2.06%, to 110,564.66 points.
As well as benefiting from a positive exterior, with the Wall Street closing the session on a high after the Chamber of the United States to approve the suspension of the country’s debt ceiling, the Stock Exchange’s reference index surfed the rise of the shares of the OK (VOUCH3), which jumped 2.12%, despite the weakness of iron ore. The mining company was one of the negative highlights last month.
The papers of Petrobras (PETR4), which rose 3.22%, also supported the Ibovespa. The state-owned company took advantage of the recovery in oil prices on international markets. She also confirmed that she had met with executives from the Apollo fund and Adnoc to discuss her position in the Brazilian petrochemical sector within the framework of the preparation of the 2024-28 Strategic Plan.
Brazilian banks rose, with Bradesco (BBDC4) It is Itau (ITUB4) spiking highs of 1.74% and 1.46%, respectively. Bank of Brazil (BBAS3) It is Santander Brazil (SANB11) rose by 0.27% and 1.82%.
Brazilian economy
In the domestic scenario, the big data of the day was the growth of the Gross Domestic Product (GDP) in the first trimester. The indicator advanced 1.9% in the period, totaling R$ 2.6 billion in current values.
The rise was driven by farming (21.6%), with the sector’s GDP totaling R$ 259.7 billion, in addition to the 0.6% increase in services. already the Industry recorded a decrease of 0.1%.
Lucas de Caumont, investment strategist at Matriz Capital, assesses that the GDP release, along with the latest IPCA-15 release, which also came in better than expected, creates the “perfect scenario” for markets to get excited and interest rates fall on.
The expectation of the proximity of the drop in Brazilian interest rates has been driving actions linked to local economic activity, such as Blue (BLUE4) It is CVC (CVCB3), which rose 5.93% and 7.40% today.
the builder MRV (MRVE3) hit a valuation of 6.15%. Yduqs (YDUQ3), which soared more than 70% in May alone, also closed the day in the positive field, with gains of 6.47%. A Locaweb (LWSA3) rose 11.88%, benefited by the retreat of yield curves.
MAGAZINE LUIZA (MGLU3): DID THE UGLY DUCK BECOME THE SWEETHEART AGAIN? | THE 10 BEST ACTIONS FOR JUNE
Source: Moneytimes
I am an author and journalist with a focus on market news. I have worked for a global news website for the past two years, writing articles on a range of topics relating to the stock market. My work has been published in international publications and I have delivered talks at both academic institutions and business conferences around the world.
