(RTTNews) – Ibovespa, the benchmark stock index in Brazil, closed up 0.25% at 72,607.69 points on Friday, influenced by the positive external scenario, after indications from U.S. senators that Donald Trump’s tax reform must be approved. The index had a turnover of R$ 17.6 billion, driven by the auction of Itaúsa shares conducted by the Petros pension fund, which handled R$ 4.54 billion.
According to Vitor Suzaki, an analyst at Lerosa Investimentos, the public offering of BR Distribuidora, a paper that is not yet listed on the Ibovespa, showed that there is an appetite for investors and improved the mood in the stock market.
He added that the news on the tax reform in the United States also helped boost the Ibovespa. “More senators, who yesterday were reluctant, are proving themselves in favor of reform. This gave a little help here,” said Suzaki.
For the chief strategist at Eleven Financial Research, Adeodato Volpi Netto, the index returned to “reasonableness” after the government set a date for the House of Representatives pension reform vote, which removes the volatility.
On Monday, both Volpi Netto and Suzaki project Ibovespa higher, with the expiration of stock options that could affect the financial turnover.
“The market trend is positive unless there is some surprising barbarity,” commented Volpí Netto.
Meanwhile, the tax reform in the U.S. and commodities contributed to the appreciation of emerging currencies against the US dollar. As a result, the locally traded U.S. dollar closed down 0.89%, quoted at R$ 3.308.
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