Volatility Marked the Trading Session
The Ibovespa experienced a day of strong oscillations this Thursday (17). After opening higher, the main Brazilian stock index fell more than 1%, influenced by electoral polls, monetary policy definitions in Brazil and the United States, and the official announcement of the Bolsa Família adjustment.
Effect of the Social Program on Investors
Analysts highlight that the increase in benefit values generated concern in the market. Investors started demanding higher returns to maintain positions in local assets, raising the required risk premiums. This reaction contributed to the temporary drop of up to 3,000 points in the index.
Recovery Throughout the Day
Despite the initial pressure, the Ibovespa managed to reverse part of the losses and closed in positive territory. The turnaround reflected the gradual digestion of the news and the expectation that the Brazilian Central Bank will maintain the trajectory of cuts in the Selic rate.
International Scenario
In the US, the Federal Reserve's interest rate decision also influenced investor sentiment. The combination of domestic and external factors kept the market on alert, with operators closely monitoring the next steps of Brazilian fiscal policy.
- Bolsa Família adjustment raised risk premium
- Temporary drop exceeded 3,000 points
- Positive close after volatility
- Interest rate decisions on the radar