The Brazilian Stock Exchange receives Lula Da Silva with a loss of 40.702 million dollars

The Brazilian Stock Market lost 40.702 million dollars while the real depreciated this Monday, January 2, in what was the first verdict of the market to the new government of Inácio Lula da Silva, one day after his inauguration.

The Bovespa index of the Sao Paulo Stock Exchange, which brings together the 91 most traded companies in Brazil, fell 3.19%, in what was its worst intraday loss since October.

Petrobras fell 6.45% to 22.92 reais each. In market value, it lost $5.823 million.

“The reaction in the actions of the oil company responds to the extension of a reduction in federal taxes on fuel decided by Lula, as well as the possibility that the company’s pricing policy may be modified,” Gilberto Braga explained to AFP. financial analyst.

There is a reading of the market that there will be an increasing interference in the guidelines of state companies, a setback with respect to a more liberal leadership,” Braga said.

For its part, the Brazilian real depreciated against the dollar by 1.07%, with the exchange rate closing at 5.3638 reais per dollar. In the session, it reached a minimum of 5.3671 units around 8:00 in the morning (Central Mexico time).

Other factors that generated nervousness in the Brazilian market were the fact that Lula reinforced the economic guidelines announced during his campaign, such as the elimination of the constitutional spending ceiling, the increase in public investment and the fundamental role of public companies in promoting of economic development.

(With information from Agencies)

termometro.economico@eleconomista.mx