Ibovespa rises 2.25% with Chinese enthusiasm and privatizations

The Ibovespa is trading up 2.25% at 98,941 points on Monday morning, 6. Stock markets in the United States are also on the same path: S&P 500 is up 1.50%, while Nasdaq is up 1.91% and Dow Jones is up 1.73%. Good humor is a reflection of Asian markets.
The Chinese government published in the China Securities Journal, the country's official vehicle, that China's recovery is going through a strong and healthy stock market. In this way, the country will be able to face its rivals against rivals against a backdrop of strong global post-pandemic competition.
According to the editorial, the Chinese economy is recovering, while undergoing a reform and attracting domestic and foreign money, making room for a bull market.
The comment, which points to government support for the stock market, caused stock indexes to close higher for the fifth session in a row. The CSI300 index, which brings together the largest listed companies in Shanghai and Shenzhen, rose 5.67%, while the Shanghai index rose 5.71%.
Jefferson Laatus, founder of Laatus, points out that stock markets in China have closed at the highest level since 2015.
Lucas Carvalho, an analyst at Toro Investimentos, adds that China's announcement makes investors buy shares. "We should see a widespread high, a broader movement across the Brazilian stock market. But it is good to put on the radar the roles related to the mining, steel and pulp and paper sectors. That's because they have a very strong connection with the Chinese economy."
In the domestic market, paulo guedes' statements were also weighed on the Brazilian Stock Exchange. In an interview with CNN Brazil, the minister said he focuses on programs to "frontally" attack unemployment, adding that in the next "30, 60, 90 days" the government will make three or four "major" privatizations.
Guedes did not say which companies will be privatized, but that "surely", the Post Office would be on the list. The minister added that 2020 will be an excellent year for the subsidiaries of Caixa Econômica Federal to make a "large" initial public offering of shares (IPO) worth 20 billion reais to 50 billion reais. Finally, he also said that tax reform will be sent to Congress later this year.
"As the elections were postponed to November, there would be a window for appreciation and voting of tax reform this year, as Guedes has already indicated. That's what the market is holding on to today," laatus says.