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© Reuters. The Sao Paulo Stock Exchange yields 0.58% weighed down by international caution
Sao Paulo, Dec 14 (.) .- The Sao Paulo Stock Exchange fell 0.58% this Tuesday, affected by the caution of the international market pending the decision of the United States Federal Reserve (Fed) on the course of its monetary policy in an inflationary context.
The benchmark index of the São Paulo stock market, closed with 106,759 points and thus added its second consecutive session in the red, after losing 0.35% on Monday.
A climate of caution prevails among economic operators on the eve of the Fed’s ruling, which will determine if there are changes in its monetary policy to try to stop the rise in prices in the United States.
This has put pressure on the international market, including Wall Street, and has ended up dragging the Brazilian stock market.
The domestic scenario was influenced by the poor performance of the services sector, which fell 1.2% in October compared to September, the second monthly retraction in a row, a result worse than expected by analysts.
In the foreign exchange market, the US dollar appreciated 0.40% and closed at 5,693 reais for buying and selling at the Brazilian commercial exchange rate.
In this way, the greenback continues in Brazil at its highest levels since last April.
All in all, the Sao Paulo stock market lost 623 units to its accumulated score.
The financial volume reached 25,916 million reais (about 4,500 million dollars), in a total of 4,018,870 of financial operations, according to the preliminary results.
Among the biggest losses were the shares of Banco Pan (-12.2%), the Locaweb hosting portal (-11.1%) and the Méliuz discount coupon platform (-10.7%).
On the contrary, the meat sector was the great beneficiary of the day, with increases for Marfrig (6.8%), JBS (5.3%) and BRF (3.6%).
The most traded shares were the preferred shares of the state oil company Petrobras (NYSE 🙂 (-1.2%), which this Tuesday announced that it will lower the price of gasoline by 3% in refineries, which was already anticipated days before by the Brazilian president, Jair Bolsonaro, and the ordinary ones of the mining giant Vale (-0.01%).
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