Ibovespa has the highest daily high since December last year (Play / SEE)
The BM & F Bovespa closed up on Thursday pulled by companies linked to commodities such as Petrobras, Vale and steelmakers, following the movement of world stock markets. A feeling of relief after a troubled start to week, investors cheered the announcement that US GDP rose more than expected in the second quarter and that the Chinese government stimulus to the economy were effective.
The Ibovespa, the main index of the Brazilian stock market, closed up 3.64%, to 47,715 points, the highest daily from 21 November last year, when it rose 5.02%. This was also the third consecutive increase after decreasing 3.03% on Tuesday.
With the improvement in the overall market expectations, commodity prices recovered - only contracts of Brent oil rose by 10.26%, with a barrel going to $ 42.56, the biggest percentage advance in one day since 12 March 2009. Shares of Gerdau, Petrobras and Vale spearheaded the purse winnings, with high above 10%.
Excited by the external environment, the operators virtually ignored domestic news, very negative for the economy. The central government registered a primary deficit of 7.2 billion reais last month, the worst result for July of the series started in 1997. In addition, the information came that the government is considering recreating the CPMF to help cover the shortfall public accounts.
In the US, the Dow Jones and Nasdaq closed up 2.27% and 2.45% respectively. In Europe, the Eurostoxx 50, closed with 3.47% increase.
"We are seeing a little better scenario come from China, with rumors that the government turned again to act (on behalf of the market). It is a spike (Bovespa) pulled by companies of commodities, a sector that sank more during wave sales we saw earlier this week ", said the analyst Luis Gustavo Pereira, the Investment Guide.
