With a maximum of R $ 5.71, early in the afternoon, the cash dollar closed the trading session up 0.88%, quoted at R $ 5,6952; The B3 index ended the day at 138,887.81 points
The increase in the perception of fiscal risk with the soap opera around the change of tax operations tax rates (IOF) punished Real at Wednesday’s session (28). Although it has strengthened it globally, it had greater gains from the Brazilian currency, taking into account both strong and emerging currency.
With a maximum of R $ 5.71, early in the afternoon, the cash dollar closed the trading session up 0.88%, quoted at R $ 5.6952. Operators claim that there may have been recomposition of positions purchases by foreign investors in the future segment. After this Wednesday’s repique, the border accumulates 0.85% in the week and 0.33% in May. In the year, the losses in relation to the real add up to 7.85%.
The productive sector and banks grew from Tuesday to Wednesday, as well as the opposition of Congress, to changes to IOF. The economic team would have to seek revenue to compensate for the IOF retreat for investment funds abroad. If there are new changes to the measure, the hole tends to grow, which makes it difficult to fulfill the fiscal target.
The Finance Minister, and the executive secretary of the portfolio, Dario Durigan, met this Wednesday with the cream of bankers at Febraban. Durigan said the farm has been assessed by Febraban and is open to discuss changes in IOF -related measures. The executive secretary has warned that changes, however, can reduce expected revenue and lead to adjustments on budget execution, with impacts on blocking and contingency of resources.
In the afternoon, the Ministry of Finance reported that the government will rescue R $ 1.4 billion from the Operations Guarantee Fund (FGO) and the Educational Credit Operations Fund (FGEDUC) to compensate for IOF revenue loss on background investments abroad.
Abroad, the DXY index – which measures the performance of the dollar compared to a basket of six strong currencies – operated in moderate increase throughout the day and approached the level of 100,000 points, with maximum at 99,957 points. In the year, Dollar Index retreats almost 8%. Released at 3 pm, the Minutes of the Federal Reserve (Fed, the US Central Bank) reinforced the reading that monetary policy is well positioned and that caution is needed by the uncertainties caused by the Donald Trump administration’s tariff policy.
After the document was released, there was a slight increase in the accumulated reduction bet of 50-base points by the Fed this year, according to the CME Group monitoring platform. The predominant view is that the initial cut should occur in September.
Ibovespa interrupted a series of three earnings and yielded 0.47%on Wednesday at 138,887.81 points, a negative day also in New York. The day was of well -distributed adjustment by the first -rate shares, except Bradesco (on +1.74%, at the maximum of the session at closing; PN +0.69%). Giro in B3 was R $ 19.3 billion. In the week, Ibovespa rises 0.77% and, in the month, advances 2.83% with two sessions to the closing of May – in the year, accumulates gain of 15.47%.
At the end of the index in the session, angry (+4.28%), we go (+3.75%) and petroreconcavo (+3.40%). On the opposite side, Usiminas (-4.67%), blue (-3.74%), with confirmation that the airline filed a request for judicial recovery in the United States, and CSN (-3.67%). Among the Blue Chips, despite the advance of oil in London and New York, Petrobras was a negative highlight, with On low on 1.24% and PN, of 0.32%, both in the respective minimum of day at closing.
For June, along with domestic issues, such as the comings and goings around the IOF and its acceptance by Congress, external structural factors will continue to set the tone for business, with direct effect to foreign flow in B3, so far for the Ibovespa progression of the year, with renewals of historical maxims, in the house of 140 thousand points, this month, observes Jonatas Pires Faura, expert in allocation active at Wit Invest.
In this context, the main action of the Ibovespa Wallet, Vale On, closed again, of 0.80%, with the continuation of the price of iron ore price in Dalian, this Wednesday to US $ 97.07 per ton in the most negotiated contract, and also in Singapore, $ 95 per toned in June.
Highlight of the domestic agenda on the afternoon of Wednesday, the April General Register of Employees (Caged) brought net creation of 257.5 thousand jobs, well above market consensus for the month. Abroad, the highlight of the afternoon was the minutes of Federal Reserve’s latest monetary policy meeting, which did not change the negative signal from earlier in New York stock rates: at closing, Dow Jones -0.58%, S&P 500 -0.56%and NASDAQ -0.51%.
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Ibovespa interrupted a series of three earnings and yielded 0.47%on Wednesday at 138,887.81 points, a negative day also in New York. The day was of well -distributed adjustment by the first -rate shares, except Bradesco (on +1.74%, at the maximum of the session at closing; PN +0.69%). Giro in B3 was R $ 19.3 billion. In the week, Ibovespa rises 0.77% and, in the month, advances 2.83% with two sessions to the closing of May – in the year, accumulates gain of 15.47%.
At the end of the index in the session, angry (+4.28%), we go (+3.75%) and petroreconcavo (+3.40%). On the opposite side, Usiminas (-4.67%), blue (-3.74%), with confirmation that the airline filed a request for judicial recovery in the United States, and CSN (-3.67%). Among the Blue Chips, despite the advance of oil in London and New York, Petrobras was a negative highlight, with On low on 1.24% and PN, of 0.32%, both in the respective minimum of day at closing.
In this context, the main action of the Ibovespa Wallet, Vale On, closed again, of 0.80%, with the continuation of the price of iron ore price in Dalian, this Wednesday to US $ 97.07 per ton in the most negotiated contract, and also in Singapore, $ 95 per toned in June.
Highlight of the domestic agenda on the afternoon of Wednesday, the April General Register of Employees (Caged) brought net creation of 257.5 thousand jobs, well above market consensus for the month. Abroad, the highlight of the afternoon was the minutes of Federal Reserve’s latest monetary policy meeting, which did not change the negative signal from earlier in New York stock rates: at closing, Dow Jones -0.58%, S&P 500 -0.56%and NASDAQ -0.51%.
*With information from Estadão Content
Posted by Carolina Ferreira
