Dollar loses strength and falls in international good mood; Ibovespa goes up – Young Pan

7

Exchange rate drops to R$ 5.18 with expectations for the season of disclosure of corporate balance sheets; Scholarship recovers 127,000 points

FERNANDA LUZ/AGIF – PHOTOGRAPHY AGENCY/ESTADÃO CONTENTDollar retreats with international good humor and despite tensions in Brasília

The main indicators of financial market Brazilian companies operate in the positive field this Monday, 12, with the international good mood for the beginning of the season of disclosure of corporate balance sheets. In the domestic scenario, the climate is negatively pressured by political tensions in Brasília. Around 1:55 pm, the dollar registered a decrease of 1%, to R$ 5,186. The exchange opened the day with a strong high and reached a maximum of R$ 5,285. The minimum quotation did not exceed R$5.184. The US currency ended on Friday, 9th, with a drop of 0.30%, to R$ 5.239. Following international optimism, the Ibovespa, a reference on the Brazilian Stock Exchange, operated with an increase of 1.56%, at 127,426 points. The trading session on Thursday, 8, — the last of last week because of the holiday of July 9 in São Paulo — ended with a retreat of 1.25%, at 125,427 points.

Global markets set aside concerns about the spread of the Delta variant of new coronavirus to focus on the disclosure of corporate balance sheets for the second quarter. On the domestic scene, moods continue to be impacted by political turmoil. The Covid-19 Parliamentary Inquiry Commission (CPI) continues this week with the expectation of being extended for another 90 days, until October. The extension of the works reached the necessary signatures and depends on the reading of the request by the president of the Senate, Rodrigo Pacheco (DEM-MG). In the course of the investigations, the Federal police launched an inquiry this Monday to investigate suspected malfeasance by the president Jair Bolsonaro in case of purchase of vaccine Covaxin against a Covid-19.

Still on the domestic agenda, the financial market once again raised forecasts for inflation, Gross Domestic Product (GDP), dollar and Selic for 2021. According to data from the Focus Bulletin, the expectation for the Broad Consumer Price Index (IPCA) was 6.11%. The interest rate, the Central Bank’s main tool to control inflation, was revised to 6.63%. For 2022, estimates point to an increase of 7%. The outlook for economic growth was also revised upwards, going to 5.26%, while the exchange rate projection was altered with a slight increase, to R$ 5.05.