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| Photo: Internet |
After President Jair Bolsonaro reaffirmed that the departure of Economy Minister Paulo Guedes had never been considered, the dollar renewed its low in the spot market, at R$ 5.4213 (-1.38%), on Tuesday morning (18). In addition to Guedes' permanence, the maintenance of a spending cap also encouraged the economic market.
The Ibovespa has already gained around 1,800 points in just a few minutes of opening. At its highest point so far, it reached 101,409.38 points, as investors felt relieved after the friendly tone between Economy Minister Paulo Guedes and President Jair Bolsonaro. Guedes said on the night that there is mutual trust between him and the president and that there was no action that suggested that he should not trust Bolsonaro.
Early Tuesday, the Ibovespa rose 1.73% to 101,248.02 points. Only five stocks were down. The biggest gainer was Magazine Luiza, which reported its financial results, and rose 5.82%. The recovery in economic growth has also influenced the appreciation of the national currency.
