Main index of São Paulo Stock Exchange surpassed this level during the day but closed in 99,994 points. Still, it is a new record.
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The estimate by financial institutions for the Brazilian economic growth was downsized.
Dollar inflow in Brazil surpassed the outflow in USD 55 million last year.
The main index of the São Paulo Stock Exchange climbed 1.16% this Friday to 97,677 points.
Financial institutions estimated the Brazilian economy will grow 2.57% this year. Last week, the projection was 2.53%.
The US currency declined 1.7% at the first working day of the new Brazilian president Jair Bolsonaro’s administration. Ibovespa surpassed 91 thousand points for the first time.
December 4 will see the termination of the mechanism guaranteeing that foreign investors could pull out their money in dollars after selling their investments in Egyptian securities. The move could allow more volatility for the Egyptian pound.
Estimate by Brazilian banks points to a 3.94% rate for the Extended National Consumer Price Index (IPCA) this year, down from the forecast of 4.13% of last week.
The financial market forecasts a 4.40% inflation rate for Brazil this year. Last week, the forecast was 4.43%.
The North American currency climbed 1.51% this Monday and ended the day at BRL 3.71.
The North American currency ended this Thursday at BRL 3.72, going up 1.11% over the previous day.
Financial institutions are expecting prices to increase 4.4% this year. Last week’s forecast pointed to a 4.3% inflation rate.
Dollar outflow in Brazil surpassed inflow in more than USD 6 billion in September.
Spending on foreign trips totaled USD 1.382 billion. The decline occurred due to the dollar’s appreciation against the real.
