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Stock Market Bullish, Controlled Inflation, New Investments, Dollar With Low Bias; Brazil Resists Uncertainties

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Even in the face of an uncertain economic scenario in the world, with many doubts about the US government’s resistance to parliamentary elections and trade war with China, Brazil’s post-election is managing to take off from the international mood

Infinity Asset chief economist Jason Vieira said Monday the economic movement that has been designed after the election of Jair Bolsonaro. There has been a resumption in the upward movement in the stock market and investments of companies are being announced in Brazil.

According Vieira, it is a positive financial movement that is reflected more by the political scenario than by an economic scenario. The announcements of the future government, so far, have been considered good for the market.

The issue of Pension Reform is not in the accounts until now, but he estimates that some movement on this issue may also be a sign of good news.

For now, however, the path to the dollar is downward, being counterbalanced by the international rate. A maintenance of an economic policy similar to Michel Temer’s team would also be considered favorable.

Positive humor, as Vieira reminds us, is characteristic of the post-election market. What one has until then is seen with good eyes.