Ibovespa seeks repercussions, but tensions with US and China restrict Reuters recovery

By Alocio Alves

Sao Paulo (Reuters) – Brazilian stocks rose again on Wednesday on the back of rising global markets, after the key domestic index closed at a second low in 2021 the previous day, but limited the risk of a budget lockout in the United States and the recession in China.

In about 12 hours, it rose 1.4% to 111,699.61 points. The session’s financial revenues were 9.5 billion reais.

As currency executives around the world shifted from stimulus to measures to control inflation, investors stuck to this session just in time to buy risky assets that raised stock indices in Europe and the United States.

After the fall in August, the rise of the eurozone economic sentiment in September gave some suffocation to stock buying. The Ministry of Labor announced that Brazil created 372,265 formal jobs in August, the highest end of the series launched in 2010 and surpassed the market forecast of 272,500 new jobs.

However, the recent rise in global gas and gas prices and the risks of the failure of the US House agreement and the risk of a government shutdown were a major burden on the market.

Highlights

JBS (SA 🙂 was a positive highlight, ahead of competitors Morphric (SA 🙂 and PRF (SA :), with another positive session with an increase of 4.5% and 1.9%, respectively.

Melius (SA 🙂 was the leader in earnings for the index, rising 6.1%, following a rally of companies in the technology and retail corner. VIA gained 3.2%, while AMERICANAS increased 4.3%.

Petrobras (SA 🙂 opposed the fall in the price of a barrel of oil and rose 1.5% after announcing a deal to sell Chinese CNOOC, with an additional 5% stake in the deal to share the surplus from the rights transfer in the bezos sector, pre-salt from the Santos Basin, to $ 2.08 billion.

Hapvida (SA 🙂 rose 0.7%. The company fell 1.5% after cadre supervisor Notre Dame (SA 🙂 announced a merger deal with the campus. This Wednesday, the Swiss loan (Six

Usiminas (SA 🙂 rose 5.1%, reacting somewhat after heavy losses in the last two sessions, the company announced to the market on Monday that it would close Reactor Furnace 2 for 5 months at its plant in Ibadinka.

Banco Santander Brazil (SA 🙂 With a 1.8% increase, the banking sector pulled the car, and investors wanted to position themselves in companies with more cash flow and more flexibility during the crisis. Itau Unibanco is up 1.6% and Bradesco (SA 🙂 is up 2.3%.

M Dias Franco (SA :), out of the index, had a 5% increase, up to 272 million trains after announcing the night before the purchase of health food company Ladinex.