Ibovespa ended the week in light fall; US and IOF tariff agreements in Brazil have moved markets in recent days (Image: Reuters/Amanda Perobelli)
In the last week of June, discussions on the financial operations tax (IOF) concentrated the attention of investors, raising the risk aversion of an eye on the domestic fiscal scenario and pressing Ibovespa (Ibov).
The main index of the Brazilian scholarship accumulated Falling 0.18% in the last five trading sessions and He ended Friday’s session (27) at the level of 136 thousand points.
The dollar in sight (USBRL) ended the R $ 5,4829 and retreated 0.76% against Real the week.
In the domestic scenario, the Minister of Finance, Fernando Haddad, confirmed that the president Luiz Inácio Lula da Silva must file a lawsuit in the Federal Supreme Court (STF) against the decision of the National Congress that overturned presidential decree that increased rates of the financial operations tax (IOF). The parliamentarians revoked the measure last Wednesday (25).
The change in IOF’s rates is considered by the government as one of the “medicines” to balance the public accounts.
The market also repercussions the minutes of the latest meeting of the monetary policy committee (Copom).
In the document, the directors of the Central Bank (BC) They stressed that the monetary tightening cycle was “particularly fast and quite firm”, stressing that the impacts of the most contraction rate are coming, and signaled the end of the Altas Cycle in Selic rate. Last week, the committee raised the interest rate to 15% per year.
THE BC Updated macroeconomic projections for this year. Among them, the increase of the estimate for gross domestic product (GDP) From 1.9% to 2.1% this year, according to the Monetary Policy Report (RPM).
Already the unemployment rate In Brazil fell to 6.2% in the quarter ended in May, at the lowest level since the end of last year. In the same period of the previous year, the unemployment rate was 7.1%.
The result, however, was below the expectation of the analysts consulted by Reuters, of 6.4%. The number of signed wallets broke record in the period.
Up and down from Ibovespa
Ibovespa’s positive tip was led by Egie (EGIE3)with a positive view of Citi for the company. The bank assesses that signs of relief in renewable energy generation cuts improve the situation for generators with Engie.
Yesterday (26), the National Electric System Operator (ONS) announced that it will increase the Northeast’s energy export capacity by 1.5 gigawatts (GW), 900 megawatts (MW) directly to the Southeast and 600 MW to the north, starting this Saturday (28).
The actions of RD Health (Radl3) They also stood out among the highest high recovery motion. The roles of the pharmacy network, however, accumulate 31.5% in the year.
Check out the highest highs of Ibovespa between June 23rd and 27th:
| CODE | NAME | Weekly variation |
| EGIE3 | ENGIE ON | 12.43% |
| Radl3 | RD Health on | 7.07% |
| Voucher3 | VALE ON | 6.17% |
| LREN3 | Renner on | 5.39% |
| Mglu3 | Magazine Luiza On | 5.08% |
| IGTI11 | Iguatemi on | 5.02% |
| MULT3 | Multiplan on | 4.60% |
| Pomo4 | Marcopolo PN | 4.23% |
| B3SA3 | B3 ON | 4.13% |
| BRAP4 | Bradespar PN | 3.58% |
- What’s more, join the Money Times investor community to access reports, coverage, reports and more; See how
The negative tip was led by Brava Energy (BRAV3). The company accompanied the tumble of oil in the international market with the ceasefire between Israel and Iran signed last Monday (23).
In the week, Brent’s most liquid contract, due in September, accumulated a 13%drop.
See the biggest falls in the week:
| CODE | NAME | Weekly variation |
| BRAV3 | Brava Energy On | -15.35% |
| SMTO3 | St. Martin | -9.38% |
| Recv3 | Petroreconcavo on | -9.25% |
| BRKM5 | Braskem PN | -9.05% |
| Vamo3 | Let’s on | -7.81% |
| CSAN3 | Cosan on | -7.42% |
| Irbr3 | IRB RE ON | -6.42% |
| Rent3 | Locates on | -6.26% |
| Petr3 | Petrobras on | -5.88% |
| Usim5 | PNA Usiminas | -5.68% |
Outer
Abroad, the ceasefire between Israel and Iran reduced the risk aversion of global investors.
With the relief of tensions in the Middle East, the impact of the tariffs imposed by the president of United States, Donald Trump, returned to the center of investors attention. The temporary break in reciprocal rates expires on July 9.
Last Friday (27), Trump stated that the deadline for negotiations “is not a fixed date.”
The White House chief also announced new trade agreements with China and interrupted tariff negotiations with Canada.
Despite the advance of negotiations, the United States fiscal scenario returned to investors radar at the end of the week. According to the politician, Senate Republicans are planning to make an initial vote this weekend to approve the budget package of Donald Trumpcalled by him “Beautiful Bill ”.
The article was approved by the House of Representatives in May and is expected to raise the US deficit to 7.8% of the country’s GDP in the next decade.
Among the data, the consumer price index (PCE), which is the inflationary reference of the Federal Reserve (Fed), rose 0.1% in May at the annual base.
) In accumulated 12 months, inflation accumulates up 2.3%-above market expectation and the target of 2% pursued by the US Central Bank.
The data reinforced the expectations of interest on interest later this year, with some financial agents already betting on a possible reduction in the next meeting of the Federal Open Market Committee (FOMC), which takes place in July.
September, however, follows the majority bet of the market, with more than 90% chance according to CME Group’s Fedwatch monitoring tool.
The movements led the rates of Wall Street to the historical maxims. In the last trading session of the week, S&P 500 and Nasdaq renew records.
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.
