On the day after the presentation of the new fiscal anchor, the main index of the Brazilian Stock Exchange (B3), the Ibovespa, ended the session this Friday, 31, with a significant drop of 1.7%, at 101,000 points.
The leading players in the financial market are still evaluating whether the government will commit to reducing the debt and the surplus in public accounts.
Investors expect Luiz Inácio Lula da Silva’s team to show how to increase tax collection, reduce taxes and prevent the creation of new taxes.
Another critical factor that helped determine the drop in the indicator was the Central Bank’s announcement about the consolidated public sector, which registered a primary deficit of more than R$40 (US$8) billion in February, compared to a surplus of R$3.5 billion in the same period last year.
In the same way, the US currency had a tough day and closed the trading session quoted at R$ 5.06 – a fall of 0.57%. It is the dollar’s sixth consecutive drop. This week, devaluation reached almost 3.5%.
Check out the main market indexes.
Ibovespa: 101,882.20 (-1.77%)
S&P 500: 4.108,93 (+1,43%)
Nasdaq: 12,221.91 (+1.74%)
Dow Jones: 33.273,10 (+1,26%)
Dollar: R$ 5.06 (-0.57%)
Euro: R$ 5.49 (-1.16%)