Ibovespa is up 0.58% and starts Wednesday at 129,210 points

The Ibovespa (Brazilian stock exchange index) rose 0.50% and closed at 129,103 points on Tuesday (7). The scenario is one of optimism regarding the global economy. The result reflects the good performance of the companies with the greatest weight in the index.

Signals from the government that financial aid to Rio Grande do Sul will be provided with spending control — and respect for fiscal rules — calmed the market regarding concerns about the increase in public expenses. Today the decision on the basic interest rate (Selic) will be announced. The expectation is that the rate of decline will be lower than in the last decisions. Still, there must be cuts.

The main increases were recorded by Vamos (VAMO3), Rede D’Or (RDOR3) and HAPVida (HAPV3), at 13.05%, 9.33% and 4.12% respectively. Suzano (SUZB3), IRB (IRBR3) and TIM (TIMS3) had the biggest losses at -12.27%, -8.77% and -6.2% respectively.

The volume traded on the Brazilian stock exchange exceeded R$23.4 billion.