Trinka Lula-China-US markets have a positive balance in a busy week
1 min readCheck out the market 🇧🇷 Weekend | From 11/28 to 12/02.
The Lula-China-US three-way price on the stock market dictated market momentum last week. at China, protests against anti-Covid policies in the country had few consequences and local authorities decided to strengthen vaccinations to the detriment of strict prisons and mass testing of people. Readings that the new coronavirus outbreak in China should not cause detrimental damage to the economy boosted commodity prices and appreciated stock markets. to us AmericaWhile consumer inflation was lower than expected in November, employment numbers rose sharply in the same month, showing the local economy is warming, according to the Federal Reserve (Fed).
In Brazil, attention is turning to its implementation Change PEC🇧🇷 Behind the scenes, a proposal worth R$150 billion already lasts only two years, compared to the terms originally proposed by the elected government – about R$200 billion and four years. The dehydration of the PEC was well received by managers, as the breach of the expenditure ceiling would be small and short-lived. At the end, the Ibovespa index advanced more than 2% on the week and the commercial dollar retreated almost 3%, quoted at 5.20 reais.
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