Increased pressure from political and economic leaders affects the mood of investors after the country hits the mark of 300,000 fatal victims of the new coronavirus
THE financial market Brazilian operator operates this Thursday, 25, oscillating with the fear of the worsening of new coronavirus pandemic and the political risk in Brasilia with charging leaders for solutions. At around 12:30, the dollar was down 0.08%, to R $ 5.635 after reaching a maximum of R $ 5.681 and a minimum of R $ 5.619. The exchange rate closed the day before with a jump of 2.25%, the biggest daily increase in six months, quoted at R $ 5.640. Despite the mixed scenario in the main international stock exchanges, the heavy climate in the domestic market makes Ibovespa, B3’s main benchmark, advance 0.36% to 112,469 points. The trading session on Wednesday, 24, closed with a fall of 1.02%, at 112,064 points.
The escalation of the Covid-19 maintains pressure on investors’ mood in view of the prospect of more time for the resumption of economic activities. This Wednesday Brazil surpassed the mara of 300 thousand deaths by the new coronavirus by registering 1,999 new deaths in the last 24 hours. Since February 2020, 330,675 have lost their lives in the country due to the pandemic. The worsening increased pressure in Brasilia. The mayor and ally of Jair Bolsonaro’s government (without a party), Arthur Lira (PP-AL), even cited “fatal remedies” against mistakes made in combating the pandemic. “The political remedies in parliament are known and are all bitter. Some fatalities are often applied when the error spiral becomes a geometrically uncontrollable scale, ”he said, without mentioning the message’s recipient.
In an audience to address the fight against the pandemic, the Minister of Economy, Paulo Guedes, said this morning that in the coming weeks there will be a different scenario with the advance of vaccination and cooling of social isolation measures. “As Minister Marcelo Queiroga promised, if we have a vaccination rate of one million doses a day, in just over a month we will vaccinate all the elderly. And deaths are 85% concentrated in people over 60 years of age. Even with the new variants, if that age of risk goes down, in 40 days we will have a new scenario, the mortality can collapse ”, he affirmed.