©Reuters. The Sao Paulo Stock Exchange follows Wall Street and rebounds 1.70%
Sao Paulo, May 4 (.).- The Sao Paulo Stock Exchange followed in the wake of Wall Street and advanced 1.70% this Wednesday, after the United States Federal Reserve (Fed) ruled out, for the time being, increases interest rate of 0.75%.
The benchmark index of the parquet, closed with 108,343 points and recovered from the slight drop of 0.10% on Tuesday, amid then caution due to the decisions of the issuing bodies of the US and Brazil, which will also evaluate its monetary policy today.
In the foreign exchange market, the US dollar depreciated 1.26% in Brazil and ended up trading at 4,899 reais for purchase and 4,900 reais for sale, at the Brazilian commercial exchange rate.
The São Paulo group navigated during much of the session in the field of losses, but changed sign when the president of the Fed, Jerome Powell, affirmed that they are not contemplating, for the moment, increases of 0.75 or one point whole.
The Fed announced today a rise in interest rates of half a point, in an attempt to contain the growing inflation in the North American power.
With this increase, the highest since 2000, the official interest rate of the US economy is situated in a range between 0.75% and 1%.
Powell’s restraint was well received by financial agents, especially on Wall Street, which also helped raise the spirits of the Brazilian market.
All in all, the Sao Paulo stock market, which has just collapsed 10% in April, today added 1,815 units to its accumulated score, according to preliminary results.
The volume of business exceeded 27,000 million reais (about 5,500 million dollars), in nearly four million financial operations.
The shares that appreciated the most were those of the supermarket chain Pao de Açucar (+7.5%) and the retail firm Americanas (+7.5%), as well as the oil companies Petrobras (NYSE:) (+6.0%). ) and PetroRio (+5.8%).
On the contrary, among the biggest losses were the meat titles Marfrig (-7.8%) and JBS (-3.0%)
The most traded papers of the day were the preferred ones of the state-owned Petrobras (+6.0%) and the ordinary ones of the mining giant Vale (-0.8%).