Yesterday, Thursday (19), Ibovespa closed at a high of 2.15%, at 68,331 points.
B3 is on the rise. The main index of the Brazilian stock exchange is still on the rise for the second consecutive day this Friday afternoon (20). Keeping in line with the recovery in international markets. These are evaluating measures announced by central banks and governments, which are promising large amounts of money to reduce the economic impacts of the current coronavirus pandemic.
At 1:55 pm today, the bovespa index rose 1.97%, to 69,678 points.
Among some of the bullish highlights are Azul and Gol, which were up more than 21% after recent strong declines. Assisted by measures for the civil aviation sector, in addition to the shares of the companies themselves. As of Wednesday, the shares had accumulated losses of more than 80% each.
While the dollar is trading lower, returning to the level of R$ 5.
The Ibovespa closed at a high of 2.15%, at 68,331 points, this Thursday (19). In a truce in the face of sudden recent losses. Which, in turn, were responsible for the index touching an intraday low since July 2017 earlier in the day before the session. For the whole week, however, the index adds up to a drop of around 17%, with a negative performance of more than 40% this year 2020.
National and international scenario
Outside, European stocks rose for the second consecutive session this Friday.
The retreat from pessimism was reflected across global stock markets, as several countries debated direct financial aid measures for businesses and workers.
“The joint action of governments and central banks promotes a kind of cautious optimism in the midst of the worsening crisis”, stressed the Guide Investimentos team, in a note given to clients.
For Moody's, a credit rating agency, a strong contraction of the global economy, at least in the second quarter, is almost certain.
In Brazil, the government announced the day before that it plans to pay aid to workers who receive up to two minimum wages and are affected by the reduction in working hours and wages proposed this week by the federal government. It also announced that it intends to pay the first 15 days of leave if the worker has contracted the coronavirus.
For more on the economic developments in the face of the coronavirus pandemic, Click here.
