Stock Exchange falls 2.02% and closes at the lowest level in four months

In a day of nervousness in the financial market, the Stock Exchange (B3) fell today (12) more than 2% and closed at the lowest level since the beginning of August. The dollar rose sharply and closed above R$5.30 for the first time since the end of November. The B3 Ibovespa index ended Monday at 105,343 points, down 2.02%. The indicator even opened slightly higher, but began to plummet during the morning. At the low of the day, close to 12:00, it retreated 3.35%. The day was also not peaceful in the foreign exchange market. The commercial dollar closed the day sold at R$5.312, up R$0.066 (+1.26%). The quotation fell in the first hour of trading, but rose after the opening of the North American market. At the maximum of the day, around 1:15 pm, it reached R$ 5.34. Pressure Both internal and external events put pressure on financial markets today. In the domestic market, investors are attentive to the vote on the Proposed Amendment to the Constitution (PEC) of the Transition, which begins to be discussed tomorrow (13) in the Chamber of Deputies, and to possible changes in the Law of State-owned Companies by the elected government. international market, investors are waiting for the Federal Reserve meeting (Fed, North American Central Bank), tomorrow and Wednesday (14). Expectations are divided between an increase of 0.5 percentage points, which would represent a slowdown in relation to the last four readjustments, or a new increase of 0.75 points. Higher rates in advanced economies pressure the dollar and the stock exchange in emerging countries, such as Brazil.* With information from the Reuters agency

Agência Brasil