- This Monday (24th), the Ibovespa opened trading with an intense decline. As of 1:12 p.m., the index lost 2.52% to 116,908.91 points
- One of the main reasons for the burglary is the episode with exFederal MP Roberto Jefferson on Sunday (23)
This Monday (24th), the Ibovespa opened the negotiations in the intense autumn. By 1:12 p.m., the index was down 2.52% to 116,908.91 points. One of the main reasons for the burglary is the episode that the former Federal Vice President and former PTB President Roberto Jefferson committed on Sunday (23).
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Jefferson, an ally of President Jair Bolsonaro (PL), candidate for reelection, used a rifle and grenades to attack federal police who were trying to serve an arrest warrant against him. The former parliamentarian has been under house arrest since January this year for threatening ministers at the Federal Court of Justice (STF) and for allegedly being involved in “digital militias” criminal organizations aimed at attacking democracy.
“As the market links him to Bolsonaro, it affects the likelihood of the current president winning the elections as he risks losing votes,” says Leonardo Piovesan, CNPI and fundamentalist analyst at Quantzed. The market was encouraged by the possibility that Bolsonaro could win the elections with the latest voter intention polls as the current president is seen as a candidate more proprivatization and market oriented, while Lula prefers not to involve stateowned companies sell and focus on the social side.
Another issue that would affect the market is the reelection of Xi Jinping in China. According to Piovesan, during the Chinese Communist Party Congress held last week, the market awaited more information about a possible relaxation of the zeroCovid policy in the country.
However, these indications were not made, causing the Hong Kong index to fall sharply, affecting the Brazilian index. “These two factors allowed the dollar to open higher today, affecting the yield curve that is also rising,” says Piovesan.
According to Flávio Conde, equity analyst at Levante Ideias de Investimento, in addition to the “Jefferson effect” that could slightly affect the votes of undecided voters, other factors could weigh on the Ibov in the session, including the oil dip. Ore and profit taking on B3 as the Ibovespa index is up 7% over the last week.
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