INSUBCONTINENT EXCLUSIVE:
The Brazilian stock market experienced a significant upswing on Thursday, September 26, 2024
driven by strong performances in key sectors
This remarkable gain propelled the Ibovespa back above the 133,000-point threshold.The mining and steel sectors benefited from positive
The Chinese government announced plans to introduce new measures to boost its economy.This news led to a 1.75% increase in iron ore futures
on the Dalian Commodity Exchange
(Photo Internet reproduction)The bank raised its GDP growth projection for the current year to 3.2%
However, it also predicted an economic slowdown for the following year.Inflation Trends and Market DynamicsThe report indicated that
rates may continue to rise in the coming months
Roberto Campos Neto, the Central Bank President, emphasized the ongoing nature of the current monetary policy cycle.He stressed the
importance of monitoring incoming data to inform future decisions
This approach aligns with recent communications from the Monetary Policy Committee.The education sector also garnered attention in the
Shares of Cogna and Yduqs experienced significant gains amid rumors of renewed merger talks between the two companies.These speculations
fueled investor interest in the sector
While many sectors thrived, some faced challenges
impacted by a more than 2% drop in oil prices
dollar weakened against the Brazilian real
The exchange rate closed at R$5.4447, representing a 0.57% decrease for the dollar.This movement reflects the complex interplay of domestic
and international economic factors
The agency warned that challenges for the federal government may persist and grow in the coming year.Fitch highlighted that fiscal
performance has been weaker than initially projected for 2024
underscores the importance of maintaining fiscal discipline alongside economic growth
In the United States, economic data releases influenced investor sentiment.The US GDP expanded at an annualized rate of 3.0% in the second
quarter, meeting market expectations
for a Federal Reserve interest rate cut in November
Traders now see a 52.8% probability of a 50 basis point reduction, down from 57.4% the previous day.As the Brazilian stock market continues
to climb, investors remain vigilant
