(Image: iStock/: Leila Melhado)
The euphoria with the rise in rating from Brazil by Moodys It didn't last long and the Ibovespa collapses this Thursday, while the dollar rises 0.9%. At around 12:30 pm, the index showed a drop of 1.6%. Only five shares rose at the same time.
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Shares were pressured by the rise in contract rates FROMon a day of advances in the income of Treasuries and with the president of Banco Central reaffirming the day before that lower interest depend on a positive fiscal shock.
There remains discomfort in the market with public accounts, mainly the creation of permanent expenses with temporary revenues.
For strategists BTG Pactualdespite the external scenario with falling interest rates and “soft landing” in USA and stimulus measures for Chinaongoing fiscal challenges are once again preventing Brazil from capturing the benefits of favorable momentum.
“Unfortunately, it appears that the country is missing another golden opportunity, especially as some of its key EM (emerging markets) peers face even more acute challenges,” they said in a report sent to clients.
Em Wall Streetthe session did not have a single direction, while agents monitor the situation in the Middle East and await labor market data on Friday. THE S&P 500 there was an increase of 0.1%.
According to analysts from Itaú BBAo Ibovespa seeks a new trading range, showing indecision by alternating positive and negative days without forming a clear direction.
“The point of attention is at 130,000 points, which was the recent low left”, they stated in the Diário do Grafista report, highlighting that if this mark is lost, Ibovespa will enter a downward trend in the short term.
Heavy weights help bring down Ibovespa
Among the falls, emphasis on the Vale (ELECTION 3), which fell 2.26%, on another day without the reference of iron ore prices in China for a holiday in that country, while the benchmark commodity contract in Singapore fell 0.98% after strong gains at the beginning of the week.
Already the Itaú (ITUB4) lost 2.52%, in a negative session for the sector as a whole, with Bradesco (BBDC4) yielding 1.38%.
Just the Petrobras (PETR4) had a more consistent increase, at 1.25%, driven by oil prices, which rose 4%.
Market fears are rising about the possibility of Israel target Iranian oil infrastructure, raising the threat of Iranian retaliation Iran.
Com Reuters