The Ibovespa, the main index of the Stock Exchange of Brazil (B3), ended the session this Tuesday, 6, up 1.7%, at 114,000 points.
It is at its highest level since November last year.
With today’s result, the index has risen 4.44% since the beginning of the year.
Among the reasons that contributed to the positive performance is the possibility of the presentation of the preliminary report of the tax reform.
There was also the release of favorable economic data, such as the General Price Index – Domestic Availability (IGP-DI), which registered a 2.33% drop in May.
The rate accumulates a negative variation of 3.56% in the year and 5.49% in 12 months.
These numbers encourage investors who believe in the viability of a reduction in the basic interest rate, the Selic.
DOLLAR TRADING ON THE STOCK EXCHANGE
The US currency ended the trading session down by 0.37%, quoted at R$4.91.
This is the fourth consecutive day of negative performance for the dollar.
The result reflects the lower-than-expected growth of the US service sector.
In addition, it reflects the possibility of continued increases in the interest rate promoted by the Federal Reserve (Fed) – the US Central Bank.
Follow the main financial market indexes:
- Ibovespa: 114,610.10 (+1.70%)
- S&P 500: 4,282.93 (+0.21%)
- Nasdaq: 13,276.42 (+0.36%)
- Dow Jones: 33,573.21 (+0.03%)
- Dollar: R$4.91 (-0.37%)
- Euro: R$5.25 (-0.56%)
With information from Revista Oeste
News Brazil, English news Brazil, Brazilian Stock Exchange