Stock market falls 0.37% and drops below 131 thousand points

On a day of turbulence in the domestic and foreign markets, the dollar surpassed the barrier of R$5.75 and closed at its highest value since March 2021. The stock market opened high, but fell until it closed close to the day’s low. .

The commercial dollar ended this Tuesday (29) sold at R$5.756, up R$0.053 (+0.92%). The price fell during the morning, reaching R$ 5.69 at around 11:30 am, but rose during the afternoon and intensified the increase towards the end of the day, following statements by the Minister of Finance, Fernando Haddad, until closing close to maximum.

Related news:Conversation with Lula about spending cuts is progressing, says Haddad.Ipea study points to tax injustice in Brazil.Deadline for joining the Zero Litigation program ends on the 31st.The US currency is at its highest level since March 30, 2021. The currency accumulates an increase of 5.75% in October and 18.61% in 2024.

In the stock market, the day was also marked by volatility. B3’s Ibovespa index closed at 130,730 points, down 0.37%. The indicator opened high, but reversed its movement and began to fall during the morning.

Both domestic and international factors influenced the financial market. In the global market, Latin American currencies suffered a strong depreciation due to electoral tensions in the United States. If Republican candidate Donald Trump wins, a new round of trade tariff increases will strengthen the dollar across the planet. In addition to the real, the Chilean peso and the Colombian peso registered a significant devaluation this Tuesday.

In the domestic market, investors received poorly statements from the Minister of Finance, Fernando Haddad, that the spending cut package does not yet have finalized numbers or a release date. Although Haddad said he would meet with President Luiz Inácio Lula da Silva only on Wednesday, the meeting was brought forward to Tuesday night at Palácio da Alvorada.