economy

Petrobras share jumps 48% in 5 days, and Exchange has best week since 2008

The Bovespa shoots more than 4% on Friday (4), registering the fifth consecutive increase. The Ibovespa, the main index of the Brazilian Stock Exchange, closed up 4.01%, to 49084.87 points, the highest level since October 9 last year (49,338.41 points).

The high of the Exchange reached 6% in the morning, amid news that the Federal Police operation made at the home of former President Luiz Inacio Lula da Silva. According to analysts, the market comes alive with bad news for the PT because he wants a new government.

The advance of Bovespa today was driven mainly by the Petrobras --which soared nearly 10% - and the Vale --which jumped almost 7%.

The day before, the Exchange had fired 5.12%, the largest increase percentage daily from October 29, 2009.

Thus, the Bovespa had a weekly gain of 18.01% --the biggest jump since the week ended October 31, 2008 (18.34%). In the month, the Bovespa is up 14.7% and the year of 13.23%.

Petrobras shoots 48% in week

Preferred shares of Petrobras (PETR4), with priority in the distribution of dividends, advanced 9.89% to R $ 7.22. The common shares (PETR3), voting in assembly, gained 9.55% to R $ 9.98. In this session, the actions were influenced by both the Brazilian political scene as the high oil prices in the global market

The day before, the preferred shares had risen more than 16% and the ordinary, more than 12%.

ADRs (receipts representing shares of a foreign company on the New York Stock Exchange) Petrobras also closed sharply higher on US Stock Exchange. The preferred jumped 12.94% and the ordinary, 11.68%.

Just this week, the preferred roles of the state accumulated high of 48.25% (started R $ 4.87 and closed at R $ 7.22). Ordinary roles earned 44.85% (R $ 6.89 to R $ 9.98).

It jumps over 50% in the week

The preferential shares of Vale (VALE5) gained 6.93% to R $ 11.72, and the ordinary (VALE3) jumped 5.95% to R $ 16.55, Vale followed the optimism of the Stock Exchange and was also influenced by higher iron ore prices in the international market.

Yesterday, the shares had risen 9.85% and preferred, 9.71%.

For the week, the ordinary roles of mining accumulated high of 50.45% (R $ 11 to R $ 16.55). The preferential shares gained 45.05% (R $ 8.08 to R $ 11.72).

banks advance

Also influenced the high Stock Exchange today the shares of banks, which, like Vale and Petrobras, have great weight on the Ibovespa,

The Bank of Brazil (BBAS3) advanced 9.87% to R $ 18.25. The shares of Itaú Unibanco (ITUB4) rose 4.88% to R $ 31.35. Bradesco's papers (BBDC4) had 10.33% gains to R $ 26.92.

JBS plummets

In the opposite direction, the shares of JBS (JBSS3), owner of brands Friboi and Seara, plunged 13.44% to R $ 10.88.

Dollar closes the R $ 3.761

In the currency market, the commercial dollar closed down 1.09%, to R $ 3.761 on sale, lowest closing level since December 9 (R $ 3.737). During the morning, the dollar fell as almost 4%.

It is the fourth fall then the US currency. Thus, the dollar closed the week with a fall of 5.93%, the biggest fall since the week ended October 31, 2008, when the devaluation reached 7.22%.

The dollar has low of 6.06% in the month and devaluation of 4.74% in the year.

Lava Jato comes to Lula and market reacts

Operation Lava Jet launched this morning new phase of investigation targeting former President Luiz Inacio Lula da Silva, against whom coercive conduct warrants and search and seizures were shipped. The operation clears possible crimes of corruption and money laundering in the scheme involving Petrobras.

News that increase pressure on President Dilma Rousseff, impeachment target, have been well received by the market, which means that any change in government can bring back confidence and make room for changes in economic policy, analysts said.

In addition, the investigation against Lula could disrupt the plans of the former president to run for election in 2018, according to economists.

"The market reacts so as it increases the possibility of impeachment of President Dilma Rousseff. Since the time of the election the market the market twists the change of government," said Vitor Miziara, member of the Investment Criteria, the UOL.

International scholarships

Stock Exchanges in Europe closed higher, with the exception of Italy.

Portugal: + 1.24%

England: + 1.13%

France: + 0.92%

Germany: + 0.74%

Spain: + 0.51%

Italy: -0.38%

Scholarships Asia and the Pacific closed higher except South Korea. China's Stock Exchange advanced for a fourth day, driven by the rise in banking stocks.

Singapore: + 1.77%

Hong Kong + 1.18%

China: + 0.5%

Taiwan: + 0.37%

Japan: + 0.32%

Australia: + 0.18%

South Korea: -0.13%

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