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The Brazilian market continues its upward trend, marking its 10th consecutive record.
The Ibovespa surpassed the 154,000-point mark this week, registering its tenth consecutive record. The main stock market index advanced 0.47%, closing at 154,064 points, while the dollar retreated 0.22%, quoted at R$ 5.3361. The positive performance reflects investor confidence in the Brazilian market, even in the face of global economic uncertainties.
Negotiations in the US bring relief to the markets.
In the United States, Democrats and Republicans are advancing in discussions to temporarily suspend the shutdown and reopen the American government. The news boosted financial assets worldwide, including in Brazil. According to estimates from the Congressional Budget Office, if the shutdown lasted another week, the impact on the American economy could reach US$11 billion.
The crisis directly affects logistics: the Department of Transportation reported a reduction of 10% in flights at 40 major airports due to staff shortages. Furthermore, a federal judge ordered the government to release the full SNAP funds for November, a program that injects more than US$$ 8 billion per month into the economy.
Impacts on Brazilian industry
Brazilian automakers have received notice that chip deliveries from China will gradually normalize, mitigating risks to automobile production in the country. Sectors such as meat and steel, involved in trade issues, remain attentive to developments in negotiations between the US and China, which have announced progress including a pause in port tariffs on vessels from the Asian giant.
American consumer confidence is falling.
Consumer confidence in the US fell in early November to its lowest level in nearly three and a half years, according to a University of Michigan survey. In Brazil, the General Price Index – Domestic Availability (IGP-DI) registered a drop of 0.03% in October, with capital goods falling 0.45% and intermediate goods declining 0.60%.
Photo by Vadim Shevyrin on Unsplash
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