markets react to new variant of Covid

In Brazil, the B3 is declining sharply, influenced by fears of a new variant of the Covid. Photo: Disclosure / B3

Fear of the impact of a new variant of Covid-19 circulating in Africa has had an impact on financial markets around the world. This Friday (26) the main world stock exchanges recorded negative figures, mainly companies in the fields of tourism, banking and raw materials.

Investors operate in “risk aversion” mode, leaving the stock and oil markets (the latter held back by the prospect of downward movements), and buying assets deemed safer, such as US Treasuries, gold, yen and Swiss franc.

In Europe, the stock market recorded the worst day for more than a year, affected by the new wave of the pandemic in the main countries of the continent, such as Germany, the United Kingdom, France and Denmark.

At around 11:20 a.m., the Ibovespa – the main index of the Brazilian stock exchange, the B3 – fell 3.05% to 105,585 points. The trading dollar rose 0.55% around 11:40 am, selling for R $ 5.595.

The external bad mood finds, in the Brazilian market, investors also worried about the weak evolution of the PEC of the judicial orders in Congress, which opens a fiscal space of more than 106 billion reais to accommodate an Auxílio Brasil of 400 reais and readjustments in pensions and other benefits.

Once considered bad for public accounts, the proposed constitutional amendment is now seen as a “lesser evil”. But there is no guarantee that it will be approved by the Senate. House Speaker Rodrigo Pacheco (PSD-MG) said on Thursday (25) that he does not guarantee that the PEC will be approved next week.

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