After suffering the biggest drop since 1998 in the midst of the coronavirus scenario, Ibovespa recovers and the index rose to 14% while the dollar fell
This Friday (13th), right after the big drop of the previous day, where the stock market closed down 14.78%, at 72,582.53 points. And he triggered the “circuit breaker” twice. The Stock Exchange operated at a high of almost 2% while the dollar was falling. The Ibovespa, the main index of the Brazilian Stock Exchange, soared in its opening, reaching more than 14%.
At 11:58 am 3.06% at 74,806 points. The commercial dollar was down 1.5% to R$ 4.7124 on the buy and R$ 4.7141 on the sell. Dollar futures for April is down 1.49% to R$ 4.733.
Around 12:40 pm, the Stock Exchange rose 1.73%, to 73,836.28 points. Abroad, US stocks rise between 2.4% and 3%. The improvement comes after the main B3 index recorded its worst drop since 1998.
In the context of the coronavirus pandemic, in addition to the number of infected people increasing, US President Donald Trump's decision to ban flights between Europe and the US, with the exception of the United Kingdom. It's not pleasing investors. All this weighs on the markets, in addition to the fact that in Brazil, there was the news that the communication secretary of the Bolsonaro government, Fábio Fábio Wajngarten, has the coronavirus. Case that led President Jair Bolsonaro to carry out the exam to diagnose the presence or not of the virus.
central bank
Today, the Central Bank of Brazil will resort to a third intervention tool in the dollar market by offering up to US$ 2 billion through auctions of lines —sale that has a repurchase commitment. It is the first time that the Central Bank has made a liquid money supply in this modality since December 17th and 18th of last year. The measure took place shortly after there was a large injection of liquidity into the markets by the Federal Reserve, the central bank of the United States.
Interest Market
In the interest rate futures market, the DI for January 2022 fell 53 basis points to 5.37%, the DI for January 2023 dropped 47 basis points to 6.36% and the DI for January 2025 fell 51 basis points to 7.27%.
