For those who thought that the Ibovespa would continue to fall, there was a surprise this week that the stock exchanges in Brazil have been operating at a great rise, which is very good for the country that has been rising to trunks and gullies from the biggest health crisis in recent years. times.
According to official information and the largest economic portal in the country (Valor Econômico) to our Ibovespa, started the trading session this last Wednesday, April 8th, without assuming a defined direction, just floating around stability.
However, a novelty in the political scenario in the USA gave impulse to the stock markets there — and took the Brazilian stock market by the wayside.
Ibovespa growth in recent days
What do official numbers and Brazilian specialists say? We have a slightly encouraging scenario, just this week, the Ibovespa rose 3.17%, to 78,729.40 points — the Brazilian index fell to 76,115.19 points (-0.32%) at the lowest point.
As is known, abroad, the stock markets in Europe closed slightly lower, however, in the United States, the Dow Jones had a result equivalent to (+3.23%), the S&P 500 (+3.22%) and the Nasdaq ( +2,49%) advance en bloc.
Sharp fall of the dollar against the Brazilian stock exchange
However, we see that in the exchange rate, the dollar had an unexpected drop of 1.46%, R$ 5.1500, after touching R$ 5.2487 (+0.43%) at the maximum — domestic factors also influence the behavior of the American currency this Wednesday.
Why is this happening?
The market says that the growth of the Ibovespa and of the US stock exchanges occurred from 11:30 am, when the withdrawal of Senator Bernie Sanders from the race for the nomination of the Democratic party for the race for the White House was finally made official, opening the way for the former vice-president -President Joe Biden.
In the international market and in the financial market, Biden is seen as a more moderate candidate – and this characteristic attracted the wing of the Democratic party that feared Sanders’ more radical proposals. This profile of the former vice president also pleases Wall Street, which reacted positively to the news.
Coronavirus and Ibovespa, the scenario is still complicated
Don't get too excited, we are going through the greatest crisis of all time. Contagion curves for Covid-19 are showing a stabilization trend in Europe and the United States, the fact is that the number of new cases and deaths due to the disease is still quite high in both regions.
Which should be a reason for a lot of action, care and compliance with social isolation.
Data from the American university Johns Hopkins, 1.44 million people have already been infected in the world, with more than 83 thousand deaths. In the US alone, nearly 400,000 people have been diagnosed with the coronavirus
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Source: Infomoney and Valor Econômico
