At 5:03 pm, on B3, the first maturity dollar futures contract rose 1.12%, to 5,153.5 reais on sale.
Photo: JF Diorio / Estadão / Estadão
The fear that the Central Bank may become more lenient in combating inflation from 2025 onwards, when the directors appointed by the Lula government will become the majority in the institution, caused the spot dollar to rise more than 1% this Thursday, with the prices reflecting a perception of increased risk in Brazil, after the BC’s decision the day before on the Selic.
The spot dollar closed the day at 5.1432 reais on sale, up 1.02%. In May, however, the currency still fell 0.95%.
At 5:03 pm, on B3, the first maturity dollar futures contract rose 1.12%, to 5,153.5 reais on sale.
Ibovespa
Ibovespa closed down this Thursday, amid busy corporate news, with Eletrobras and Banco do Brasil among the biggest losses after publishing their respective results, while Rede D’Or was a positive highlight after an agreement with Bradesco for a new network hospital.
Investors also reacted to the Central Bank’s decision the day before to reduce the pace of cutting the basic interest rate, promoting a 0.25 percentage point cut in the Selic, to 10.50% per year, in a split decision, in addition to abandoning its indication of the future of basic interest rates.
The Brazilian stock market reference index, Ibovespa fell 0.97%, to 128,221.67 points, according to preliminary data. The financial volume totaled 23.77 billion reais before final adjustments.
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