Tuesday, March 9, 2021

Dollar goes to R $ 5.41 with aid on the radar; Ibovespa resumes 120 thousand points – Prime Time Zone

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Investors continue to follow negotiations between the federal government and Congress for the return of the benefit in March

ROBERTO GARDINALLI / FUTURA PRESS / ESTADÃO CONTENTUS currency opened the week up 0.76%

The reopening of the markets after the Carnival recess came with the same tensions that put pressure on investors last week, mainly the obstacles to the resumption of the emergency aid and the approval of austerity measures charged by the federal government. THE dollar the week started with an increase of 0.76%, to R $ 5.415. The currency reached a maximum of R $ 5.432, while the minimum did not exceed R $ 5.390. On Friday, 12, the US currency closed at R $ 5.374 and accumulated a fall of 0.16% in the week. Since the beginning of February, the dollar has fallen 1.82%, but adds up to 3.58% in 2021. Despite domestic pressure, the Stock Exchange maintained its good performance, driven by the 14% increase at Embraer, which posted positive results last week, and 3.5% by Petrobras. The scenario took the Ibovespa, B3’s main index, to 120,355, up 0.78%. It is the first time the day has closed above 120,000 points since February 5. Last week, the session closed with an advance of 0.11%, at 119,428 points. “The rise in oil reflecting the blizzard that hits the state of Texas, which is one of the largest producers in the USA, drives Petrobras’ shares. Still on the positive side, shares linked to metallic commodities rise in view of the result above that expected by Rio Tinto and the company’s prospects that the price of iron ore will remain firm throughout this year ”, says Rafael Ribeiro, analyst at Clear Corretora.

Despite the consequences of the arrest of federal deputy Daniel Silveira (PSL-RJ) focusing all attention in Brasilia, investors keep their eyes on the negotiations between the federal government and Congress for the resumption of emergency aid. The Ministry of Economy is expected to present its proposal to parliamentarians this week to pay the first installment of the benefit in March. To minimize the chances of sudden changes or even rejection of the proposal, the government will take the text to Congressional leaders first between Thursday and Friday. The Union works with an estimated budget of R $ 30 billion, enough to extend the payment of R $ 250 to approximately 30 million Brazilians for four months. While discussing technical advice, members of the federal government seek consensus with Congress to approve counterparts that limit public spending. After yielding to pressure from the Legislature for new rounds of the benefit, the Minister of Economy, Paulo Guedes, conditioned the return to the creation of the public calamity clause in the PEC of the Federative Pact. The measure removes strings from the public budget and creates triggers to avoid the increase in expenses, such as salary readjustments and hiring of public employees.

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Dollar goes to R $ 5.41 with aid on the radar; Ibovespa resumes 120 thousand points - Prime Time Zone