Bloomberg Línea — The feeling of optimism in the international market took over stock markets around the world this Friday (26) after the release of positive results in the technology sector in the United States.
O Ibovespa (IBOV) ended the session up 1.51%, at 126,526 points. During the week, the main Brazilian stock market index accumulated a gain of 1.12%, after three consecutive weeks of losses.
The improvement in global markets reduced pressure on the exchange rate. O dollar (USDBRL) fell 0.85%, trading at R$5.12 at the close.
The gains were mainly driven by blue chipsincluding Petrobras (PETR3; PETR4), B3 (B3SA3), Itaú Unibanco (ITUB4), Eletrobras (ELET3; ELET6) and Vale (VALE3).
In the case of the mining company, the company recovered from a downturn the day before, after the release of its first quarter balance sheet. Shares also rose after Anglo American rejected Australian giant BHP’s initial merger offer, which would have valued the company at US$39 billion. The rejection was widely expected.
The increases were widespread in Ibovespa. Blue. (AZUL4), MRV (MRVE3), Vamos (VAMO3), Eztec (EZTC3) and CVC (CVCB3) also rose and were among the biggest risers.
Only 10 shares recorded losses, including Grupo Pão de Açúcar (PCAR3), Grupo Casas Bahia (BHIA3) and Klabin (KLBN11).
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On the day’s agenda, the Broad National Consumer Price Index 15 (IPCA-15), considered a preview of official inflation, slowed to 0.21% in April, from 0.78% in March, influenced by the food sector and drinks.
In a lecture this Friday, the president of the Central Bank, Roberto Campos Neto, highlighted that underlying services inflation remains high in Brazil, despite the downward trend in the general reading in March and April.
In the United States, concerns about inflationary pressures took a backseat even with the release of the core PCE (Personal Expenditure Index). The indicator, the Fed’s favorite, rose 0.3% in March.
The result was stable in relation to that presented in February and was in line with what was expected by the financial market. Still, it reinforces that the US economy remains resilient.
Investors, however, focused on the corporate scenario, with the expectation that the strong economy could increase corporate profits.
Strong numbers from companies like Alphabet (GOOGL) and Microsoft (MSFT) boost New York’s main indexes and have given relief to investors worried about the valuations high in the technology sector.
– With information from Bloomberg News.
