©Reuters. Sao Paulo rises 1.98% after Fed rate hike and attentive to Brazilian issuer
Sao Paulo, March 16 (.).- The Sao Paulo Stock Exchange advanced 1.98% this Wednesday and its index, a benchmark for the parquet, stood at 111,112 points, according to preliminary data, on a day marked by the decisions of the Federal Reserve of the United States and the Central Bank of Brazil.
The Fed (central bank) of the United States announced this Wednesday a rise of a quarter of a point in interest rates, the first increase since 2018, while the Central Bank of Brazil plans to decree a new increase of about one point in interest rates. rates after the close of the market.
Both issuers aim to curb the runaway inflation that threatens both countries, which is expected to continue advancing due to the increase in the price of the international market in recent weeks.
Despite its strong increase, the price of oil closed today lower, which was reflected in the papers of the state oil company Petrobras (NYSE:).
Petrobras preferred titles lost 0.87% and were the second most traded of the day, behind the ordinary ones of the mining company Vale, which rose 2.43%.
The shares that fell the most, however, were those of YDUQS, a Brazilian holding company listed in the education sector, which dropped 10.48%.
On the opposite side were the ordinary shares of the CVC travel company, which rose 17.15% after the release of the results the day before. The company recorded the first positive EBITDA in recent years.
During the day, 44,094 million reais (about 8,818 million reais) were traded, as a result of 4,532,552 financial transactions.
In the foreign exchange market, the dollar depreciated 1.23% against the real and was traded at 5,094 reais for purchase and 5,095 reais for sale at the commercial exchange rate.
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