SAO PAULO (Reuters) – The Ibovespa retreated on Monday, amid adjustments after a week of appreciation, while concerns persist with domestic issues and the external scenario showed a more measured tone in this session.
At 10:55, the Ibovespa fell 0.97% to 119,506.5 points. The financial volume was 3.67 billion reais.
Last Friday, the Ibovespa closed higher, ensuring a positive performance of more than 2% for the week, mainly endorsed by comments from the Federal Reserve chairman.
In Wall St, the S&P 500 rose 0.2%, renewing highs, still backed by Fed statements last week, which fueled optimism about the economic recovery and eased fears of a sudden reduction in stimulus.
In Brazil, concerns remain about political tensions, with no relief from the crisis between the Executive and Judiciary powers, as well as discomfort with fiscal risks and the water crisis and their potential effects on inflation.
Data released earlier showed a 0.66% increase for the IGP-M in August. “If it weren’t for the water crisis, the IGP-M would show a stronger deceleration”, according to the coordinator of the FGV price indices, André Braz.
“With an external environment not very strong this beginning of the week and with political risk on the radar, we believe in a negative bias session”, stated the Guide Investimentos team, in a note to clients.
– ITAÚ UNIBANCO PN and BRADESCO PN retreated 1.1% each, in a mostly negative session for shares of Ibovespa banks. BANCO INTER UNIT showed some resistance and rose 0.4%.
– PETROBRAS PN fell 0.35%, in a session of weakness in oil prices abroad. The company also said it is preparing an early redemption of Global Notes worth $1.3 billion.
– VALE ON sold 0.2%, after a week of recovery, in trading without a single sign for the mining and steel sector on the Ibovespa, with USIMINAS PNA up 0.8%.
– CYRELA ON showed a decline of 3.7%, amid adjustments, after advancing almost 15% last week. The real estate sector index on B3 retreated 1.55%.
– FLEURY ON rose 0.25%, among the few highs on the Ibovespa. The diagnostic medicine group said it has initiated preliminary studies to evaluate a potential transaction involving Alliar. ALLIAR ON advanced 3.5%.
(By Paula Arend Laier)
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