The Bovespa continues this Monday at full height, financial speculators, entrepreneurs, market businessmen, are celebrating on the rise, it seems that the Government has a strategic plan to get out of the economic crisis.
The B3, the main index of the Brazilian stock exchange, continues to operate at a high this Monday (27), following the climate of greater optimism abroad in relation to the easing of measures to combat the coronavirus and after comments by President Jair Bolsonaro about his relationship with the Minister of Economy, Paulo Guedes.
Bovespa continues to rise in the market
According to the Valor Econômico portal, the main finance portal in Brazil. At 11:14 am, the Ibovespa rose 3.43%, to 77,911 points. See more quotes below, as published by G1 Economy:
To the surprise of many, the sector Via Varejo jumped more than 9%, after the owner of Casas Bahia and Ponto Frio, announced the purchase of the startup from Curitiba ASAPlog, specialized in urban logistics solutions and connection of carriers in stages of long distances.
For those who follow Embraer shares, we know that there was a drop of 11% after Boeing terminated the deal valued at US$ 5.2 billion between the two companies. Earlier it came to fall 15%. Embraer disagrees with the terms of the break with Boeing and says it will seek compensation.
Dollar traded lower on Bovespa.
Over the weekend, the Stock Exchange ended the day with a drop of 5.45%, at 75,330 points. In the partial of the month, the Ibovespa still accumulates high of 3.16%. In the year, the loss is 34,86%.
On economics, Bolsonaro spoke once again in an arrogant tone: that Paulo Guedes is the one who decides. He said this Monday, when he held a press conference outside the Palácio da Alvorada, that the “man who decides the economy” in Brazil is the Minister of Economy, Paulo Guedes.
However, Guedes said that the government remains firm in its economic policy of fiscal responsibility. He stated that the extraordinary public spending made as a result of the coronavirus crisis is an “exception” in the conduct of economic policy.
The market started to estimate a retraction of 3.34% of GDP in 2020,
Contrary to the option, which according to the Government only hopes for it to go wrong, according to the Focus survey by the Central Bank released this Monday, and several banks and consultancies assess that the country runs the risk of facing a new recession. The International Monetary Fund (IMF) predicts a drop of 5.3% in Brazil's GDP this year, but everything indicates that we will have more emotions this week.
Anyway, for more information, stay tuned to our portal!
Source: Economic value
