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Brazilian stock market nearly hits record high amid uncertainty.
The Ibovespa, the main index of the Brazilian stock exchange, closed up 0.37% this Friday (14), reaching 157,739 points. The index reached 158,300 points during the day, the second highest level in history, remaining only 10 points below the record registered two days before.1.
Weekly and monthly performance
During the week, the Ibovespa accumulated a gain of 2.39%. In November, the increase reached 5.49%, while the dollar fell 0.7% during the period. The US currency closed quoted at R$ 5.2967, stable against the real.3.
External influence and the agricultural sector
The Brazilian market was partially benefited by news that the United States government, led by Donald Trump, would suspend some tariffs on Brazilian agricultural products, such as coffee, meat, and fruit. The expectation of increased exports helped to contain upward pressure on the dollar and a fall in the stock market.1.
Impact of the shutdown in the US
The external scenario is still marked by the uncertainties caused by the shutdown (government shutdown) in the US, which ended on Wednesday (12) after 43 days. The lack of official data makes it difficult for the Federal Reserve to define interest rate policy, which directly affects global markets.3.
Technology sector performance
In Brazil, tech company stocks have stopped falling, but the possibility that US inflation and employment data will not be released is still causing instability in international stock markets.1.
Photo by Mobina Ghazazani on Unsplash
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