Financial market had another day of recovery. Stock exchange rose for the third consecutive session. And the dollar closed below R$ 5.
Given the climate of relief in global markets, the commercial dollar closed down 0.75%, R$ 4.996 on sale. It was its third consecutive decline, which has not happened since December 2019. It was also the first time it closed below R$ 5 in the last two weeks.
The main index of the Brazilian Stock Exchange, the Ibovespa, rose 3.67%, to 77,709.66 points, adding its third day of increase. This week, the gain reaches 15,86%.
GDP forecast reset
Today's economic projections, released by the Central Bank of Brazil, echoed among investors. In its Quarterly Inflation Report, the Central Bank set its Gross Domestic Product (GDP) projection to zero in 2020. In December, the projection was 2.2% of growth. This change is linked to the strong economic impacts resulting from the coronavirus pandemic.
The Central Bank's Economic Activity Index (IBC-Br), which is considered a certain informal preview of GDP, rose by 0.24% in January compared to December. Compared to January 2019, the indicator advanced by 0.69%.
Unemployment and economic measures in the world
News from the United States was also the talk of the dollar and stock market around the world. The US$ 2 trillion bill was approved by the US Senate to help unemployed workers and industries that were affected by the coronavirus pandemic. In addition to providing billions of dollars for necessary hospital equipment purchases.
In the United States, there was also an increase in the number of initial claims for unemployment benefits. That rose to a record 3.28 million last week, up from a revised 282,000 the previous week. The previous high was 695,000 in 1982.
The group that brings together the leaders of the largest economies in the world G20, announced an investment of US$ 5 trillion in the economy.
