Activity on the Brazilian stock exchange has picked up materially in September as a key test for current president Dilma Rousseff is going to shape the next direction in the country stock and currency markets.
Brazilian stock exchange,BOVESPA, has reported its latest monthly volumes figures on Friday, revealing that the local market place has not been spared by rising Volatility. In fact, the Brazilian stock market might be among those which are likely to be even more volatile in the coming weeks due to upcoming presidential elections, the first round of which will be held tomorrow.
Volumes picked up across the board, with the total trading value in the equity market rising by 18% to $75 billion (BRL 184.32 billion) in September. This happened as current President Dilma Rousseff’s second term candidature gained popularity in recent polls, which worried minority investors in state-run companies, such as energy giant Petrobras.
The current president’s government has been lax in implementing structural reforms, instead engaging in fiscal stimulus. The country’s stock market benchmark BOVESPA index rallied more than 35% since the lows it marked in March this year, only to lose 15% in September as the fears of rising interest rates in the US sparked worries across emerging markets.
The country’s stock market remains way below all-time highs marked in the run up to the “great financial crisis” in 2008.
The Brazilian Real and the Fed’s Low Interest Rates
The Brazilian real has hit its lowest level since December 2008 in the run up to the election. The country’s Central Bank Governor, Alexandre Tombini, has been a voiceful critic of the Fed’s easy monetary policy stating in 2010, “Quantitative easing only generates an over supply of dollars and impacts directly on Brazil’s macroeconomic policies.”
The central bank governor argued that excessive capital inflows caused by the U.S. Federal Reserve’s easy monetary policy have materialized as challenges for the Central Bank of Brazil. September has also been very active on the foreign Exchange market with the number of U.S. dollar futures traded on the exchange rising by almost 24%.
The currency has been very volatile in recent years mainly due to rapidly shifting political and monetary policy environment. Just as the Fed has been accused by the local policymakers for being the reason for a strong Brazilian real a couple of years back, this time they might change their tune and blame the Fed’s monetary policy stance for the weak Brazilian real.
The number of spot U.S. dollar transactions has risen by 13% when compared to August, however, the total value remained largely unchanged on a month-on-month basis reported at $29.64 billion.
Foreign investors have been the most active group in derivatives trading taking almost 39% of total volumes, compared to 35.44% in August. Financial institutions took second spot, accounting for 28.6%, followed closely by institutional investors which picked up 25.4%. Individual investors picked up about 6.2% of transactions on the derivatives segment of BOVESPA.
Brazilian stock exchange,BOVESPA, has reported its latest monthly volumes figures on Friday, revealing that the local market place has not been spared by rising Volatility. In fact, the Brazilian stock market might be among those which are likely to be even more volatile in the coming weeks due to upcoming presidential elections, the first round of which will be held tomorrow.
Volumes picked up across the board, with the total trading value in the equity market rising by 18% to $75 billion (BRL 184.32 billion) in September. This happened as current President Dilma Rousseff’s second term candidature gained popularity in recent polls, which worried minority investors in state-run companies, such as energy giant Petrobras.
The current president’s government has been lax in implementing structural reforms, instead engaging in fiscal stimulus. The country’s stock market benchmark BOVESPA index rallied more than 35% since the lows it marked in March this year, only to lose 15% in September as the fears of rising interest rates in the US sparked worries across emerging markets.
The country’s stock market remains way below all-time highs marked in the run up to the “great financial crisis” in 2008.
The Brazilian Real and the Fed’s Low Interest Rates
The Brazilian real has hit its lowest level since December 2008 in the run up to the election. The country’s Central Bank Governor, Alexandre Tombini, has been a voiceful critic of the Fed’s easy monetary policy stating in 2010, “Quantitative easing only generates an over supply of dollars and impacts directly on Brazil’s macroeconomic policies.”
The central bank governor argued that excessive capital inflows caused by the U.S. Federal Reserve’s easy monetary policy have materialized as challenges for the Central Bank of Brazil. September has also been very active on the foreign Exchange market with the number of U.S. dollar futures traded on the exchange rising by almost 24%.
The currency has been very volatile in recent years mainly due to rapidly shifting political and monetary policy environment. Just as the Fed has been accused by the local policymakers for being the reason for a strong Brazilian real a couple of years back, this time they might change their tune and blame the Fed’s monetary policy stance for the weak Brazilian real.
The number of spot U.S. dollar transactions has risen by 13% when compared to August, however, the total value remained largely unchanged on a month-on-month basis reported at $29.64 billion.
Foreign investors have been the most active group in derivatives trading taking almost 39% of total volumes, compared to 35.44% in August. Financial institutions took second spot, accounting for 28.6%, followed closely by institutional investors which picked up 25.4%. Individual investors picked up about 6.2% of transactions on the derivatives segment of BOVESPA.
The Menace of Clones: Malta’s Regulator Warns against Fake "Documents and Emails"
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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