Ibovespa completed the 5th consecutive day of losses with external caution and foreign capital departure after Trump’s tariff over Brazil (image: ISTock/Peshkov)
THE Ibovespa (Ibov) engaged the fifth consecutive session of losses with the “tariff” of the president of the United States, Donald Trump, to Brazil.
This Friday (11), the main index of scholarship Brazilian ended the trading session with drop of 0.41%, at 136,187.31 points. In the week, Ibovespa fell 3.60%.
Already the dollar in sight (USBRL) ended the negotiations with R $ 5.5475, with 0.04%increase. In the accumulated of the last five trading sessions, the border was appreciated of 2.26% compared to the real.
In the domestic scenario, the market still concentrated the attention on ‘tariff’ to Brazilian products.
The Brazilian President Luiz Inácio Lula da Silva He said he will “fight” on all spheres to suspend US taxation and that the economic reciprocity law is an alternative to Trump’s measure at a government event in Espírito Santo.
“I will fight at the WTO (World Trade Organization), I will talk to my BRICS companions,” he said. “Now, if there is no way, in chat, tete-à-tête, we will establish reciprocity.
Already in the morning, Trump said he can negotiate with Brazil and talk to the Brazilian president about tariffs, but that this is not the time.
“Maybe at some point I talk to him. Now not,” Trump said as he leaves the White House to visit Texas, devastated by the floods, again criticizing Brazil’s court proceedings against the former president Jair Bolsonaro.
In the late afternoon, the government has published a new provisional measure to reduce consumer costs of the electricity sector, including devices to overthrow compulsory hiring of natural gas thermoelectric plants and to limit the growth of the main charge charged to the electricity bill.
High and Falls on Ibovespa
Ibovespa’s negative tip was led by cyclical actions, with the opening of the Brazilian interest curve and foreign capital exit with risk aversion after the tariff announcement. YDUQS (YDUQ3) figured the action with worst daily performance.
The actions of Localiza (RENT3) They also stood out at the negative tip with reaction to the Industrialized Product Tax Reduction Program (IPI) for “lighter and most economic” cars. The decree was released yesterday (10) by the government.
You heavyweights closed the session high. Among them, OK (Voucher3) and Petrobras (Petr3; Petr4), in the wake of iron ore and oil performance, respectively.
Ibovespa’s positive tip was led by Petroreconcavo (Recv3), supported by oil. Future Brent oil contracts, due in September, closed up 2.51%, to US $ 70.36 the barrel at the Exchange Intercontinental (ICE) in London.
MRV (Mrve3) It was still a highlight of the highs after announcing the divestment of the Resiayour subsidiary United States.
In the week, BRF (BRFS3) it was the best performance action with the increase with about 11%, while YDUQS (YDUQ3) recorded the largest drop, with 15%decrease.
The indices of Wall Street They made the gains the day before after nominal S&P 500 and Nasdaq records, with a new announcement of tariffs by US President Donald Trump.
Yesterday (10), Donald Trump announced a new 35% rate on the Canada. He cited Fentanil as a justification for increasing rates, adding that they would be even higher if the country retaliated. “If Canada works with me to stop the flow of fentanil, we may consider an adjustment in this letter,” Trump said in a letter published in the social truth.
In an interview with NBC News, Trump also stated that he is considering announcing general rates between 15% and 20% for other countries – above, therefore, of the rate announced by him in ‘Liberation Day‘, on April 2.
So far, the White House chief has announced new rates for 23 countries in this second round of ‘tariff’, effective from August 1. Brazil was the country taxed with the highest rate of 50%.
He also promised to publicize a letter with a new rate on products manufactured in the European Union.
Check out the closure of the Wall Street rates:
- Dow Jones: -0.63%, at 44,371.51 points;
- S&P 500: -0.33%at 6,259.75 points;
- NASDAQ: -0.22%at 20,585.53 points.
In Asiathe indices had a session without a definite direction with the continuity of the US ‘tariff’. The index Nikkeifrom Japan, dropped 0.19%. Hang SENG, from Hong Kongrose 0.46%.
In Europe, the markets ended in a strong fall with Trump’s tariff threat. The Pan-European Index Stoxx 600 It closed with a drop of 1.01%at 547.34 points.
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.
