National markets were contaminated by international bad mood with the increase of public bonds in the USA
After a day of strong gains, the financial market market closed this Friday, 12, in a downward pressure due to pessimism in the main international indicators with the increase of public bonds in the U.S . THE dollar closed with an advance of 0.3%, to R $ 5.559. The American currency reached a maximum of R $ 5,589, while the minimum was no more than R $ 5.547. The exchange rate ended the day before with a sharp drop of 1.94%, to R $ 5.542, the lowest price since the end of February. Despite the advance this Friday, the dollar closes the week with a decrease of 2.18%, while since the beginning of March the fall is of 0.82%. In 2021, however, the currency increased by 7.15%. Following the fall of the main stock exchanges in Europe and the USA, the Ibovespa, reference of B3, closed with a fall of 0.72%, to 114,160 points. The trading session on Thursday, 11, closed with an advance of 1.96%, to 114,893 points.
The US government bond index, also known as treasures, hit 1.6% on Friday, raising fears of rising inflation. Still on the international agenda, the Democrat Joe Biden sanctioned on Thursday the $ 1.9 trillion package for stimulating the economy in the midst of the new coronavirus pandemic. The text provides for new direct payments of $ 1,400 to taxpayers who earn less than $ 80,000 a year, plus funds for state and local governments, vaccinations and the reopening of schools. “10-year US Treasury bills are used worldwide as a benchmark for risk-free assets. The increase raises the premium demanded by the market for risk taking in the variable income market and, consequently, reduces the potential for stock appreciation. With most of the exchanges at their peak, this increase in risk perception culminates in profit realization, with investors looking for a better price level to have an adequate level of risk against return ”, says Rafael Ribeiro, an analyst at Clear Broker.
In the domestic scenario, investors analyzed the 0.2% drop in retail sales in January, the third consecutive month of retraction. The move coincides with the reduction of emergency aid from October last year and the end of payments in December. After a strong reaction in the second half of 2020, the resurgence of the Covid-19 pandemic and the adoption of new measures to restrict the functioning of trade in several states should put pressure on the sector in the first months of this year. Also on the local news, the Chamber of Deputies definitively approved this Thursday the Proposed Emergency Amendment to the Constitution (PEC), which makes room in the Budget for the resumption of the benefit. The president of the Senate and Congress, Rodrigo Pacheco (DEM-MG), said that the text will be promulgated this Monday, 15. The federal government awaited the approval of the measure to send the provisional measure that officializes the return of the aid. The expectation is that the text will be sent to Congress in the next few days so that the first payments are due in March.