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© Reuters. Sao Paulo loses 1.67% due to doubts about Lula’s possible ministers
Sao Paulo, Dec 8 (EFE).- The Sao Paulo stock market fell 1.67% this Thursday, affected by the doubts generated by the imminent announcement of the prime ministers of the future Government of Luiz Inácio Lula da Silva, who will assume the power next January 1st.
The , the reference index of the Brazilian parquet, closed with 107,249 points to chain its second consecutive session in red numbers, after falling 1.02% on Wednesday.
In the foreign exchange market, the US dollar appreciated 0.22% in Brazil to end up trading at 5,215 reais for purchase and 5,216 reais for sale, at the commercial exchange rate.
Economic operators reacted nervously to the announcement that this Friday the Brazilian president-elect, Luiz Inácio Lula da Silva, will announce the names of his prime ministers, including those of Economy, Defense and the Presidency.
The local press maintains that the former minister and former mayor Fernando Haddad, Lula’s faithful squire and pointed out as the possible successor of the historic progressive leader, is the person chosen to lead the largest economy in Latin America.
His social profile does not dazzle a financial market that wants a name more akin to its liberal principles.
In addition, economic agents are still digesting the broad support that the project of Lula’s allies to increase social spending in 2023 and 2024 obtained in the Senate, and that will now be analyzed by the Chamber of Deputies.
In this context, the day on the Ibovespa was marked by high volatility. The travel agency CVC Brasil (-10.2%), the supermarket chain Pao de Açúcar (-6.9%) and the airlines Gol (-6.8%) and Azul (-7.6%) were the most affected values.
On the contrary, among the highest increases in the session were the papers of the discount coupon platform Méliuz (8.8%), the reinsurer IRB Brasil (2.9%) and the mining company Vale (1.2%). .
The traded volume reached 26,500 million reais (5,090 million dollars), in 4,006,932 financial operations, according to preliminary results at the end of the session.
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