Treasury Secretary Rogério Ceron stated that “it can now be said with some certainty that compliance with the primary deficit goal within the range is guaranteed.” This brought some calm to the markets, which anticipate a calmer day this Wednesday.
The industrial production in Brazil It fell 0.2% in October compared to September, as shown by the Monthly Industrial Survey – Physical Production (PIM-PF). The indicator was presented by the Brazilian Institute of Geography and Statistics (IBGE) this Wednesday (4). The result interrupted two consecutive months of growth, a period in which the industry accumulated an increase of 1.2%. In September, Brazilian industrial production had accelerated its growth compared to August.
The number was below the median of the forecasts of 23 financial institutions and consulting firms consulted by Valor Data, which pointed to stability. Estimates ranged from a 0.7% drop to a 0.7% increase.
The dollar falls at the beginning of the session
The dollar in Brazil started Wednesday with a slight drop, in contrast to abroad, where the US currency maintains gains against most other currencies, while investors await new data on the US labor market and closely follow the finance minister, Fernando Haddadwho participates this morning in an event in Brasilia.
The spot dollar fell 0.17%, to 6.0522 reais in the sale. In B3, the dollar for January – currently the most liquid in Brazil – lost 0.16%, to 6.0700 reais. The day before, The spot dollar closed with a slight drop of 0.05%at 6.0624 reais.
The Central Bank will carry out in this session an auction of up to 15,000 swap contracts traditional exchange rate in order to renew the expiration of January 2, 2025.
Data showing the strength of economic activity in Brazil in the third quarter helped give boost for Ibovespa to remain on positive ground throughout the session and close with an increase of 0.72%, to 126,139 points, ranging between 125,233 and 126,417 points.
markets finance live shares stock markets investments brazil san pablo
Depositphotos
The financial volume of the index was 16.2 billion reais and 21.8 billion reais in B3, that is, lower than that registered in the last four sessions.
Ibovespa today
The Secretary of the Treasury, Rogério Ceron, stated today that “it can now be said with some certainty” that compliance with the primary deficit goal within the range is guaranteed.
Investors also positively received the information that the Chamber included in its agenda the provision of voting on the emergency requirements for projects in the fiscal package. Additionally, investors closely monitored Vale’s annual event.
However, analysts did not react positively to the news that the company decided not to advance the dividend volume, as it indicated that this would depend on the iron ore market. Vale shares closed with a fall of 0.76%, to 58.47 reais.
Source: Ambito
