The São Paulo stock exchange opened without a clear bias this Tuesday after a long weekend due to a bank holiday Monday, reflecting adjustments to ADR movements the day before and with financial agents expecting a relevant schedule for the week, including interest rate decisions in the United States.
At 10:02, Ibovespa was down 0.02% to 104,411.15 points.
At the same time, the Ibovespa futures contract with the shortest expiry, on June 14, was up 0.2% to 105,415 points.
As B3 closed for Labor Day on Monday, the EWZ — Brazil’s New York-traded ETF and a key global benchmark for Brazilian equities — fell 0.81%.
Investors also mirrored the Brazilian government’s decision to tax overseas income of individuals in Brazil starting next year, as well as increase the personal income tax (IRPF) exemption bracket.
The first trading session in May also brings a new composition of Ibovespa, with the return of the shares of the reinsurer IRB Brasil, while the shares of the infrastructure concessionaire Ecorodovias, the healthcare group Qualicorp and the Pan bank have been excluded.
Source: Terra
Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.
