FOREX TradingCharts.com

Financial News: BRAZIL: Ibovespa Rises With Voting Intention Poll, Externa

BRAZIL: Ibovespa Rises With Voting Intention Poll, External Scenario

06/29/2018 - 15:16:00 (RTTNews)

(RTTNews) - Ibovespa, the benchmark stock index in Brazil, rose 1.63% to 71,766.52 points Thursday with a new voting intention poll for October's presidential election in Brazil and the improvement of the external scenario.

Domestic issues such as the lowest primary deficit for May since 2015 and the confirmation of the scenario of maintenance of the basic interest rate in the Central Bank's Quarterly Inflation Report (RTI) also helped the index accelerate gains throughout the day.

"Today, Ibope's research has brought a different scenario from Datafolha's research, showing that Jair Bolsonaro may have hit the ceiling and other contenders may begin to gain ground over the next few months," said Lerosa Investimentos analyst Vitor Suzaki.

The expectation of agents is that pro-market candidates could start to do better in polls. In the scenario without former president Luis Inacio Lula da Silva, Jair Bolsonaro leads with 17% of the voting intentions, trailed by Marina Silva (13%), who appears ahead of Ciro Gomes (8%) and Geraldo Alckmin (6%).

The shares of Banco do Brasil (+5.75%) and Ita? Unibanco (+2.77%) recorded strong gains.

Meanwhile, lower-than-forecast Gross Domestic Product (GDP) data in the United States has dampened concerns about rising interest rates in the country, which is positive for emerging-country assets.

Among the Ibovespa's highest additions were Gol's (+4.52%) and Natura's shares (+4.26%), while JBS's (-2.30%) lead the day's losses, followed by Suzano's (-1.84%) and BRF's (-1.43%).

The locally traded U.S. dollar closed down 0.49%, quoted at R$ 3.8570, influenced by the foreign market, where the U.S. GDP data caused the foreign currency to lose value at a global level.

Emerging country currencies have benefited, with most trading higher after recent losses.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Eurozone Consumer Confidence Falls Less Than Expected In July (01 hr(s), 16 min(s), 37 sec(s) ago)
(RTTNews) - Eurozone consumer confidence fell less-than-expected in July to its lowest level in ni ...Full Story»

U.S. Existing Home Sales Unexpectedly Drop 0.6% In June (01 hr(s), 27 min(s), 37 sec(s) ago)
(RTTNews) - A report released by the National Association of Realtors on Monday showed existing ho ...Full Story»

German Economy Picking Up Speed: Bundesbank (02 hr(s), 19 min(s), 37 sec(s) ago)
(RTTNews) - The German economy gained somewhat more momentum in the second quarter than at the sta ...Full Story»

Denmark Consumer Confidence Weakens In July (02 hr(s), 47 min(s), 37 sec(s) ago)
(RTTNews) - Denmark consumer confidence eased in July after strong increases in the previous two m ...Full Story»

China Injects Record CNY 502 Bln Liquidity Into Market (02 hr(s), 52 min(s), 37 sec(s) ago)
(RTTNews) - China's central bank injected record liquidity into the banking system via medium- ...Full Story»

Iceland Inflation Accelerates Further (04 hr(s), 39 min(s), 37 sec(s) ago)
(RTTNews) - Iceland's consumer price inflation accelerated for the second straight month in Ju ...Full Story»

Taiwan Jobless Rate Falls Unexpectedly In June (05 hr(s), 28 min(s), 37 sec(s) ago)
(RTTNews) - Taiwan's unemployment rate dropped unexpectedly in June, though marginally, the Di ...Full Story»

Hong Kong Inflation Accelerates More Than Expected (05 hr(s), 41 min(s), 37 sec(s) ago)
(RTTNews) - Hong Kong's consumer price inflation accelerated at a faster-than-expected pace in ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Eurozone Consumer Confidence Falls Less Than Expected In July

07/23/2018 - 10:30 AM (RTTNews)
(RTTNews) - Eurozone consumer confidence fell less-than-expected in July to its lowest level in ni ...Full Story>>

U.S. Existing Home Sales Unexpectedly Drop 0.6% In June

07/23/2018 - 10:19 AM (RTTNews)
(RTTNews) - A report released by the National Association of Realtors on Monday showed existing ho ...Full Story>>

German Economy Picking Up Speed: Bundesbank

07/23/2018 - 09:27 AM (RTTNews)
(RTTNews) - The German economy gained somewhat more momentum in the second quarter than at the sta ...Full Story>>

Denmark Consumer Confidence Weakens In July

07/23/2018 - 08:59 AM (RTTNews)
(RTTNews) - Denmark consumer confidence eased in July after strong increases in the previous two m ...Full Story>>

China Injects Record CNY 502 Bln Liquidity Into Market

07/23/2018 - 08:54 AM (RTTNews)
(RTTNews) - China's central bank injected record liquidity into the banking system via medium- ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.