Brazilian stock market loses the 110,000 points; US dollar reaches R$5.37

The Brazilian stock market, Ibovespa, operated in the negative field since the beginning of the trading session on Monday, September 26, at the beginning of a week marked by European turbulence and caution due to monetary tightening in developed countries.

Around 12:20 PM, the Ibovespa was down 1.59%, at 109,945 points, with a low of 109,835 points and a high of 111,713 points. The dollar, meanwhile, soared 2.4%, trading at R$5.37.

Internationally, investors monitor the volatility in the United Kingdom, whose currency fell to an all-time low this morning, and in the rest of Europe, where there is a possibility of a recession and the monetary authorities seek to combat rising prices.

In the United States, monetary tightening by the Federal Reserve is also on the radar, with several speeches by members of the entity scheduled for this week.

Among the local news, the focus is on the final stretch of the presidential election race. The first round takes place next Sunday.

Among the biggest declines in the early trading session of Ibovespa were companies from various sectors. SLC ON (-6.14%) led the decline.

Banks were under pressure among the companies with more weight in the formation of the index.

Itaú PN fell 2.01%, Bradesco PN retreated 1.54%, BB ON lost 3.51%, and Santander units dropped 2.48%.

With information from Valor Pro