Dollar retreats and Ibovespa rises amid attention on IOF MP and Fed minutes

American currency closed this Wednesday (8) with a slight drop of 0.12%, quoted at R$ 5.344; main index Brazilian Stock Exchange advanced to 142,145 points

ADRIANA TOFFETTI/ATO PRESS/ESTADÃO CONTÚDO

Real appreciates slightly against the dollar amid attention on fiscal policy and signals from the Fed

The cash price ended this Wednesday (8) with a slight drop of 0.12%, quoted at R$ 5.3441, while the , the main index of the Brazilian stock exchange, advanced 0.56%, to 142,145 points. The financial volume totaled R$19.9 billion. In the domestic scenario, investors’ attention focused on Provisional Measure 1,303/2025, an alternative to the increase in the Tax on Financial Operations (), which was voted on in the Chamber. The market closed early, which will force the government to review fiscal planning and possibly promote spending cuts to meet next year’s target.

The Genial/Quaest survey released this Wednesday showed an improvement in the government’s assessment: 48% approve of the president’s management, while 49% disapprove — the best rate since January. Among those interviewed, 49% say that Lula’s meeting at the UN strengthened the president politically.

Abroad, investors reviewed the minutes of the last Federal Reserve meeting (), in which the American central bank cut the basic interest rate by 25 basis points. The document reinforced the expectation of new cuts later this year, despite caution about inflation. The United States government shutdown, already on its eighth day, kept the release of economic data suspended, increasing the weight of the minutes in the market’s assessment.

International bourses had mixed performance. On Wall Street, the S&P 500 advanced 0.60% and the Nasdaq rose 1.12%, renewing historic highs. In Europe, the STOXX 600 gained 0.8%, France’s CAC 40 rose 1.07% and Germany’s DAX rose 0.87%. In Asia, the main markets retreated, with highlights being Hong Kong (-0.48%) and Tokyo (-0.45%).

In the local market, Ibovespa was boosted by companies such as Ultrapar (+5.54%), B3 (+3.43%) and BTG Pactual (+3.04%). Among the falls, Hypera (-5.02%), Brava (-3.10%) and Suzano (-2.17%) stood out. Petrobras retreated, even with an increase of more than 1% in Brent and WTI oil contracts. Analysts highlight that, despite fiscal and political noise, the real tends to remain well-behaved given the prospect of a weaker global dollar and interest cuts in the United States.

Published by Felipe Dantas

*Report produced with the help of AI

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