For the second day in a row, both the dollar and the stock exchange rose. The resumption of cases of the new coronavirus in several developed countries increased the uncertainties in the global market, causing the North American currency to again surpass the R $ 5.60 mark. However, the stock market closed higher, supported by gains in shares of domestic companies.
The commercial dollar ended this Wednesday (14), selling at R $ 5.603, with an increase of R $ 0.019 (+ 0.34%). The price started the day in fall, reaching R $ 5.53 at the day’s low, around 10am. However, the movement was still reversed during the morning. The currency rose to close close to the day’s high.
The emergence of a second wave of covid-19 cases in Europe has caused tensions in the markets. Today, Portugal decreed a state of calamity, and France announced a curfew between 9 pm and 6 am to contain the spread of the disease.
In the United States, investors have lost hope that a new fiscal stimulus package for the largest economy on the planet will be approved before the presidential elections in November. At a conference, US Treasury Secretary Steven Mnuchin said that Congress was unlikely to reach an agreement before the election.
In the stock market, B3’s Ibovespa index rose again, closing the day at 99,334 points, up 0.84%. The indicator is at its highest level since September 17, when it had closed just above 100 thousand points.
The closing of an agreement between J&F and the United States Department of Justice caused the shares of meat producer JBS (controlled by J&F) to rise 9.2% on Wednesday, sustaining the rise of the Ibovespa. J&F pleaded guilty to violating US anti-corruption legislation and will pay a fine of about $ 128 million. The agreement removes an obstacle for JBS to issue shares abroad, which increased the demand for the company’s shares in Brazil.
* With information from Reuters