Today’s market closely follows the Central Bank’s inflation report, IBGE’s joblessness data for February, and IRB Brasil’s (IRBR3) earnings. The stock market rose yesterday, gaining 0.65% to close at 127,690.62 points. Meanwhile, the U.S. dollar fell slightly to R$4.9793 against the Brazilian real, a 0.07% decline. Before the markets opened on Wednesday, Fábio Perina from […]
Related Posts
Brazil Confronts Major Fiscal Deficit in 2023
In 2023, Brazil’s central government, including the National Treasury, Social Security, and Central Bank, faced a significant fiscal challenge. The Institute for Applied Economic Research (Ipea) reported a primary deficit of R$ 234.3 billion ($48 billion). Without the payment of court-ordered debts (precatórios), this deficit would be R$141.2 billion ($29 billion). The primary result, which […]
Ibovespa Starts Week Lower, Blue Chips Weigh Down
The Ibovespa (IBOV) experienced a downturn at the start of the week, declining by 0.65% to 128,340.54 points, mainly due to the slump in blue-chip stocks. This movement comes as market participants await insights from Federal Reserve Chair Jerome Powell, who is scheduled to speak to the US Congress. Anticipated remarks may offer clues on […]
Ibovespa Climbs, Led by Major Stocks; CVC Declines on Financial Results
In the final stages of March, Ibovespa experienced a notable uptick, closing 0.65% higher at 127,690 points, thanks to a last-minute boost. This push added 827 points to the Brazilian stock market’s main index. Concurrently, the commercial dollar dipped by 0.07% to R$4.97, while long-term interest rates edged up. This rise in São Paulo’s market […]