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The week begins with the return of tensions between the United States and China, which affect markets around the world. United States President Donald Trump accused China of concealing the coronavirus epidemic to store supplies and medical equipment to combat the disease, while United States Secretary of State Mike Pompeo said there was “strong evidence” of that the virus was created. in a laboratory in Wuhan.
In Italy, 4.4 million people are returning to work today in the so-called “phase 2” of the reopening of the economy, of which 2.8 million in the north of the European country. The coronavirus epidemic is spreading in Brazil, which already has more than 101,000 cases and 7,000 deaths. The stocktaking season, which is coming to an end in the United States and Europe, is moving forward in Brazil, with Itaú Unibanco and Gol publishing the first quarter results on Monday.
1. Worldwide exchanges
The return of tensions between the United States and China brought down the Asian stock exchanges that opened today, it is a holiday in China and Japan, which caused the stock markets of Europe to open in a downward trend and led futures from New York to negative terrain. Hong Kong closed down 4.18%. On Sunday, the President of the United States, Donald Trump, suggested that he could re-tax Chinese products. Trump again accused China of concealing information about the coronavirus epidemic.
The statements were added to the strongest comments by United States Secretary of State Mike Pompeo, who said there was “strong evidence” that the coronavirus developed in a laboratory in Wuhan City, reports CNN. Pompeo’s remarks contrast with information from American intelligence, which last week claimed that Covid-19 is natural and was not developed by biotechnology.
Still in the spotlight, investors are also evaluating the efforts of countries that are beginning to lessen isolation amid fears of a second wave of the coronavirus pandemic.
It is worth mentioning that, already on Friday (1), a public holiday in Brazil, with B3 closed, the main index of ADR (in practice, the shares of companies outside the US Traded in New York) closed with Sharp drop after the sulky day on the US stock exchanges. The Dow Jones Brazil Titans 20 ADR closed Friday down 4.23% to 11,589 points. See more by clicking here.
See the performance of the markets, at 7:34 am (Brasilia time):
NY
* S & P 500 Futures (US), -0.73%
* Nasdaq Future (US), -0.63%
* Dow Jones Futures (US), -0.95%
Europe
* Dax (Germany), -3.14%
* FTSE (UK), -0.18%
* CAC 40 (France), -3.85%
* FTSE MIB (Italy), -2.84%
Asia
* Nikkei (Japan), -Holidays / No trading session
* Kospi (South Korea), -2.68% (closed)
* Hang Seng (Hong Kong), -4.18% (closed)
* Shanghai (China), -Holiday / No negotiation session
* WTI Oil, -7.58%, at $ 18.28 per barrel
* Brent Oil, -2.91%, at $ 25.67 per barrel
** The iron ore futures traded on the Dalian stock exchange closed on 04/30/2020 with an increase of + 2.52%, quoted at 610,000 yuan, equivalent today to US $ 86.37 (in the last 24 hours). USD / CNY = 7.0621 (-0.01%)
* Bitcoin, $ 8,670.71 -2.50%
2. Economic indicators
The Central Bank publishes the weekly Focus survey at 8:25 am. The Getúlio Vargas Foundation (FGV), on the other hand, launches the IPC-S for the last week of April from 8 in the morning. In the euro zone, the purchasing managers’ index (PMI) fell to 33.4 points in April, the lowest in the historical series. Brazil’s industrial PMI is expected to be released at 10 a.m. and the United States PMI at 11 a.m.
3. Policy
President Jair Bolsonaro was yesterday at a demonstration in Brasilia (DF), in which a few thousand far-right supporters again called for the closure of the Federal Supreme Court (STF), Congress and even a military coup. Protesters also criticized former Justice Minister Sérgio Moro, whom Bolsonaro called “Judas” on Saturday.
From the ramp of the Planalto Palace, Bolsonaro said he reached “the limit” and will no longer tolerate interference from the other two branches of the Republic. The president of the Chamber of Deputies, Rodrigo Maia (DEM-RJ) rejected the statements, as well as the STF ministers and the governor of São Paulo, João Doria (PSDB). In the demonstration, far-right militants attacked a journalist and a driver of the O Estado de S. Paulo newspaper. According to the O Globo newspaper, the Attorney General’s Office will investigate the undemocratic nature of the demonstration.
Still on the political radar, the Chamber of Deputies is expected to vote this Monday, in a virtual session scheduled for 11 am, on the proposal for financial assistance to states and municipalities to combat the effects of the 19 covid pandemic . In total, R $ 125 billion will be allocated, including direct transfers and debt suspension.
The Federal Program to Cope with the Coronavirus (PLP 39/2020) was approved on Saturday night (2) by the Senate, in the form of a substitute presented by the Speaker of the House, Davi Alcolumbre (DEM-AP). As it is a different text from that approved by the deputies, the matter returns for a new analysis. If approved without change, the first installment of the emergency aid payment to the states, municipalities and the Federal District is scheduled for May 15. See more by clicking here.
4. Pandemic
Yesterday, Brazil became the ninth country to pass the mark of the 100,000 infected by the coronavirus, according to data from the Ministry of Health, with 101,147 confirmed cases and 7,025 deaths from the disease. São Paulo is the most affected state, with 31,772 confirmed cases and 2,627 deaths. Rio de Janeiro has 11,139 cases with 1,010 deaths. Only from Saturday to Sunday, 4,588 new cases were confirmed in Brazil and 275 deaths.
5. Corporate news
Itaú Unibanco, the country’s largest private bank, and Gol Linhas Aéreas report first-quarter results on Monday. Enel São Paulo, the country’s largest electricity distributor, reported results for the first quarter and reported net income of R $ 115.2 million, an increase of 124.8% in the same period in 2019.
Overall, the dealer’s financial results improved, but the amount of electricity supplied decreased, according to the company, because it was hot in the summer and the coronavirus epidemic reduced industry and commerce purchases in March. In other news, Log-In, a logistics and shipping operator, reported that it received its Endurance container ship, which became operational on May 1.
(With Agência Brasil)
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