Partial stoppage of the United States Government, the result of the budget impasse in the US Congress, contributed to the seizure in global markets and influenced the behavior
The first October session recorded negative performance for the Brazilian financial market. THE B3’s main index, closed this Wednesday with a low of 0.49%, reaching 145,517.35 points, ending two consecutive days of loss, something not seen since the beginning of September. The financial turnover was $ 23.3 billion.
Despite the slight correction, the index has accumulated a 3.40% gain in September, its best performance for the month since 2019, and has a 20.98% increase in the year. In the exchange market, the In cash ended the day with a slight increase of 0.11%, quoted at R $ 5,3286. Operators claim that the local environment of caution, given the uncertainties about the outcome of the vote by the Chamber of Deputies of the bill that expands the exemption of income tax, limited the appetite for the Real.
In the morning the dollar was quoted at $ 5:30 and registered a minimum of $ 5,2945. The appreciation of the American currency was driven by internal tax caution, with uncertainties about the vote on the project to expand the exemption of income tax in the House of Representatives, and the external scenario. The partial stoppage of the United States Government (the shutdown), a result of the budget impasse in the US Congress, contributed to the seizure in global markets and influenced the behavior of the dollar. Although weak US labor market data initially led the dollar to fall and reinforced expectations of interest cuts by the Federal Reserve (Fed), the prospect of a prolonged shutdown has risen the risk in the currency market.
*With information from Estadão Content
