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SÃO PAULO – O Ibovespa It fell again this Friday (11) pressured by the shares of Petrobras (PETR3; PETR4) and banks, reversing the more optimistic start of trading. It should be remembered that in times of greater uncertainty, investors sell shares on Friday to avoid entering the weekend positioned without being able to negotiate if bad news comes out.
On the macroeconomic radar, the European Union has threatened legal action if the UK does not amend the bill that allows it to violate part of the Brexit deal.
Among the national indicators, the volume of Brazilian services grew 2.6% in July compared to June, falling 11.9% in relation to the same month last year. The annual figure was worse than the median of economists’ projections compiled in the Bloomberg consensus, which pointed to a 10.1% drop.
At 11:15 am (Brasilia time) the Ibovespa had a drop of 0.81%, to 98,031 points.
Meanwhile, the commercial dollar fell 0.56% to R $ 5.2896 in the purchase and R $ 5.2903 in the sale. The October dollar fell 0.55% to R $ 5,296, following the movement of the currency abroad.
It should be noted that, live the day before, President Jair Bolsonaro said that he is holding talks with ministers and the president of the Central Bank, Roberto Campos Neto, to understand the reasons for the rise in the dollar against the real and if something can be done to mitigate change. movement.
In the future interest market, the ID of January 2022 has dropped three basis points to 2.80%, the ID of January 2023 falls three basis points to 4.05%, the ID of January 2025 falls five basis points at 5.91% and the DI for January 2027 varies negatively by five basis points at 6.89%.
The debate about the rise in food prices continues in Brazil. Yesterday, the Ministry of Economy sent a letter to the Ministry of Justice questioning the decision to notify the retail and food production sectors about the price hike. The answer must be given within five days.
After rice, the news indicates that the government is evaluating reducing the import tariff on soybeans to zero to contain the rise in prices.
High food
After the Ministry of Justice notified the Brazilian Association of Supermarkets and representatives of food producers about the price increase, the Ministry of Economy showed its dissatisfaction with the measure. Yesterday, the ministry sent a letter to the Justice Ministry questioning the decision to notify the sectors. The answer must be given within five days.
According to Folha de S.Paulo, the letter requests that there be no price controls or incompatibility with the principles of the market economy. The attitude of the Ministry of Justice surprised the Ministry of Economy and also the Ministry of Agriculture, which defended price control by opening up imports.
Last night, President Jair Bolsonaro said that he authorized the notification of the Ministry of Justice about the increase in food prices. However, he denied that there is any tabulation plan or more interventions in the market.
“André Mendonça spoke to me: ‘Can I have the National Department of Consumer Protection investigate, ask the supermarkets why the price has risen?’ I said ‘can’. And period. Because when the answer comes, it could be that we are wrong. It can be the government, then the government takes action and that is the end ”, declared the president in a live weekly.
After the Foreign Chamber of Commerce reduced the rice import tariff to zero, the Minister of Agriculture, Tereza Cristina, said yesterday that the zero rate should mainly benefit the United States and Thailand. Conab president Guilherme Bastos told Reuters that several processing industries have already scheduled purchases from other countries and also named the United States and Thailand as exporters.
Perspectives
Despite the import tax cut, yesterday rice was once again a record, according to Cepea. The president of the São Paulo Supermarket Association (Apas), Ronaldo dos Santos, said that the product has an upward trend for the next two months if consumption remains at the current rate, according to the leaf. The product accumulates an increase of 19% in the year, according to the Brazilian Institute of Geography and Statistics (IBGE).
Rice has been the main product in the debate on the price increase, but there is talk of measures to control the price of soybeans and construction materials.
In the case of soybeans, Or Balloon He reported that the government could reduce the import duty to zero, today to 10%, by the end of this year. With this, the domestic supply would increase by controlling prices. In the case of construction materials, the government is evaluating measures if prices do not fall by the end of this year.
In addition to the issue of prices, another highlight was President Jair Bolsonaro’s speech on the end of emergency aid. According to the president, there will be no further extensions of aid beyond the five months already planned.
At the national present time, the inauguration of Minister Luiz Fux in the presidency of the Federal Supreme Court (STF) is also striking. In his speech, he highlighted the importance of respect for the Legislative and Executive, without this implying submission and excessive privacy.
Regarding the AstraZeneca and Oxford University Covid vaccine, it was reported that the test volunteer who developed symptoms of a neurological disorder was not part of the placebo group, that is, she was receiving the experimental vaccine. She was discharged on Wednesday and is fine.
Corporate radar
One of the highlights of the day was the distribution of Vale’s earnings to shareholders, in the total gross amount of R $ 2,4075 per share. Azul released traffic data for August, with a 26.4% increase in consolidated passenger traffic (RPK) compared to July 2020.
Investors follow the news that the majority of Tecnisa shareholders rejected the integration studies with Gafisa, at an Extraordinary General Meeting (AGE) held yesterday.
Furthermore, Sul América completed the purchase of Paraná Clínicas for R $ 396 million, while Braskem began commercial production of polypropylene (PP) from its new plant in the United States. Today, Petz (PETZ3) shares will debut at B3.
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