US government shutdown lasted 43 days, affecting global markets
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Now that the shutdown is over, there is an atmosphere of relief outside. It took 43 days for Donald Trump to sign legislation ending the strike. Once the crisis ends, the market is waiting for the release of key economic indicators such as wages and producer price index to resume.
Ibovespa recorded a slight decline of 0.07% in Wednesday’s trading session (12) of this week, amounting to 157,632 points, interrupting its historic streak of 15 increases. The retreat came as investors booked profits and Petrobras shares fell under pressure from falling overseas oil prices.
Shares of state-owned companies fell more than 2.5%, but Vale rose 1.1%, helping to limit losses. In the financial sector, Banco do Brasil fell by 2.85%, while Tesa stood out among the day’s biggest gainers with a rise of 5.77%.
At the end of the day, the dollar rose 0.38% against the real to R$5.29, breaking a series of five declines. This move was influenced by local adjustments and the possible withdrawal of foreign capital from the Brazilian stock exchange.
There is an air of relief outside this Thursday (13th): US President Donald Trump has signed a deal ending the longest US government shutdown in history. There was a 43-day closure period. Once the crisis ends, the market is waiting for the release of key economic indicators such as wages and producer price index to resume.
Asian stock markets closed higher on market optimism, while Europe was mixed, reacting both to the lifting of shutdowns and signs of a slowdown in the European economy. Crude oil, which fell sharply the previous day, rose slightly this Thursday (13th), with Brent trading at $63 per barrel.
In Brazil, bets on a Selic rate cut in January have receded as investors remain focused on comments from Central Bank Governor Gabriel Garipolo, who suggested interest rates should remain high for an extended period of time.
On the political agenda, Foreign Minister Mauro Vieira will meet with US Secretary of State Marco Rubio in Washington today to seek a 50% tariff reduction on Brazilian products.
Among corporate highlights, Telefônica Brasil purchased the remaining shares of FiBrasil for R$858 million. Banco do Brasil reported a 60% drop in profit to R$3.7 billion in the third quarter. Americana recorded a profit of R367 million, down 96%. Moody’s affirmed Risen’s rating at AAA.br but downgraded its outlook to negative.
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