Mercado mata a saudade de um Brasil possível
A onda conservadora no Senado e a chegada de Flávio Bolsonaro à frente de Lula entregaram exatamente o que se esperava: o dólar spot afundou de R$ 5,21 na sexta-feira para R$ 4,98 na abertura de hoje, os juros longos fecharam 100 bps, e a Bolsa subia 8% no final da manhã. Com Flávio à […] The post Mercado mata a saudade de um Brasil possível appeared first on Brazil Journal .
The Brazilian market responded with euphoria after Flávio Bolsonaro's rise to prominence, anticipating a shift towards fiscal sanity. The dollar spot price dropped from R$5.21 to R$4.98, and long-term interest rates fell 100 bps, causing equities to rise 8% in the morning. Companies like Magazine Luiza, Cosan, XP, and Cyrela saw significant gains of 25%, 21%, 25%, and 22% respectively.
The B3 exchange adjusted the Ibovespa's high limit from 10% to 13% and the volatility limit for interest rates. Analysts expect a surge in buying orders, with some managers considering purchasing multiple stocks based on the day's strong performance. The market anticipates that the increased probability of a return to fiscal responsibility will lead to larger adjustments in the economy.
Written by urgent.news from Brazil Journal's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
