Ibovespa takes off the outside, closes at a high rate of 1% and reaches its maximum in 2 months; The dollar rises to 5.72 Brazilian real

São Paulo – Ibovespa began the week to extend gains in the past few days, and closed higher on Monday (12), above 118,000 points, thus renewing the maximum since February. The movement kicked off from the external scenario, as indicators in the US ended the day lower after the speech of Federal Reserve Chairman Jerome Powell.

Here, the market continues to follow discussions on the 2021 budget. Last week, President Jair Bolsonaro said the executive and Congress were close to reaching an agreement, while the government’s economic team insisted that the president should use their veto power.

Information has circulated in the press that the Minister of Economy, Paulo Guedes, raised for discussion the possibility of editing a proposed constitutional amendment (PEC) that would cover a series of extraordinary expenditures, such as public expenditures and discretionary health expenditures. It would be possible to make room for the spending cap for reversible adjustments in the budget proposal.

Free Series Career in the Financial Market Find out which sector of the economy is paying the best wages in 2021.

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