Ibovespa hesitates to open after five consecutive highs

Ibovespa was hesitant to open business on Friday amid profit-taking moves after five consecutive hikes, as financial officers continue to digest the broad outlines of the country’s new fiscal framework unveiled by the government the day before.

At 10:07, Ibovespa was trading steady at 103,716.03 points, having accumulated a 5.9% gain over the previous five sessions.

At the same time, the Ibovespa futures contract with the shortest maturity on April 12 fell 0.3% to 104,140 points.

Abroad, the positive sign prevailed on the European and North American futures exchanges, with inflation data in the euro area and the United States on the radar. The day was also rich in commodities such as oil and iron ore.

Source: Terra

Rose

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