INSUBCONTINENT EXCLUSIVE:
The Ibovespa index rose 0.70%, closing at 125,661 points, gaining about 870 points
The commercial dollar fell by 1.71% to R$5.56
Future interest rates also dropped.This recovery stemmed from a more measured tone by President Lula, who had criticized the Central Bank.He
Investimentos noted a key meeting between Lula and economic ministers to discuss the fiscal and economic scenario and address the real
depreciation and spending cuts.The meeting was delayed to 6:00 p.m
Lula has stressed not spending more than the government collects, but concrete actions remain unseen, leaving market agents
skeptical.Ibovespa Climbs Amid Vale Surge, Economic Optimism, and Dollar Relief
prudent government approach, which is currently lacking.The dollar rises quickly but descends slowly, taking over a year to retreat from
Brasil (BBAS3) up 0.98%, and BTG Pactual (BPAC11) gaining 3.13%.In the financial sector, B3 (B3SA3) initially advanced but closed down
0.19%.This occurred amid progress in establishing a competing stock exchange in Rio de Janeiro, set to operate in the second half of
1.74% after the first analyst meeting with new CEO Magda Chambriard, who indicated continuity in business strategy.Notable declines were
seen in the meatpacking sector, with Marfrig (MRFG3) down 6.46%, JBS (JBSS3) down 4.85%, BRF (BRFS3) down 3.64%, and Minerva (BEEF3) down
2.19%.Thursday is expected to have lower trading volume due to the United States holiday
restrained commentary from key figures.
