Market on the move
The dollar is falling this Monday (7), on a day marked by the Ibovespa's advance and investors' attention to two central factors: the rise in oil and the Brazilian electoral landscape. While the U.S. currency retreats, the Brazilian stock market rises more than 2%, contradicting the performance recorded last Friday (4).
Dollar and Ibovespa
On Friday (4), the dollar had risen 0.50%, quoted at R$ 5.1300. On the same day, the Ibovespa fell 0.02%, to 185,147 points. Monday's movement, therefore, represents a reversal: the dollar loses strength and the stock market regains ground vigorously.
Oil on the rise
The rise in oil is among the main drivers of the day. The commodity's appreciation tends to benefit companies in the sector, such as Petrobras, and influences appetite for Brazilian assets. The movement can also impact inflation expectations and monetary policy.
Electoral landscape
Voting intentions remain on the radar as the presidential elections approach. On Monday (7), a Quaest poll showed Lula (PT) with 36% of first-round voting intentions, against 29% for Flávio Bolsonaro. The survey reinforces the market's attention to the political landscape and possible developments for the economy.
What to watch
- Dollar: downward trajectory throughout the day.
- Ibovespa: gain of more than 2%.
- Oil: appreciation that drives commodity-linked stocks.
- Elections: Quaest poll shows Lula ahead, with 36%, followed by Flávio Bolsonaro, with 29%.
Outlook
The market remains attentive to new indicators, the evolution of oil, and updates to the electoral landscape. The combination of these factors should continue to influence the behavior of the dollar and the stock market in the coming trading sessions.