Saturday, August 13, 2016

Bovespa operates unstable on Friday, eyeing external scene and balances – Tribune Today

The Brazilian market operates unstable on Friday (12), without a single bias in the external environment and a battery of results of Brazilian companies on the radar, including Petrobras numbers.

At 14h56 the Ibovespa, the main index of the São Paulo stock exchange, retreated 0.22% to 58,171 points.

“various statements that are reflecting the actions were disclosed, but the direction of the stock market is undoubtedly Petrobras, both the effect on the index as the trading volume, “said Reuters Eduardo Roche manager of Canepa Asset Management.

outside, the agency said, the oil held in blue, leaning on dollar weakness but the main stock indices on Wall Street showed weakness after hit record highs, with weak economic data on the agenda.

Petrobras shares advancing around the same time. On Thursday, the company released the balance of the second quarter, with net income of R $ 370 million – initial report a profit after three straight quarters of injury

Last closing

the day before, the Ibovespa ended the trading day with a rise of 2.42% to 58,299 points.

the increase was driven by the advance of Petrobras shares, after informing oil production data in July and amid high oil abroad. financial stocks also helped sustain the bag in blue.

The actions of the Bank of Brazil rose 5.65%, after it reported 18% drop in profit for the second quarter. Despite the lower profit, control of administrative expenses, the improvement in net interest income due to higher spreads and revision projections were positive factors in the balance, according to economist Hersz Ferman, Elite Brokerage.

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