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SÃO PAULO – Ibovespa closed above 80,000 points for the first time since March 13, driven by external good humor and an increase of almost 20% in oil. As a result, the index quickly left pressure from the start of the day due to the sharp drop in ADRs the day before, when the stock market closed.
London barrel of brent oil fell to $ 16, the lowest level in nearly 21 years, amid oversupply that brought WTI commodity futures below zero for the first time in history last Monday. . while WTI oil for June reached $ 11.
However, the move was reversed as the WTI contract that expired in June increased 19.1% to $ 13.78 per barrel, after reaching a more than 40% gain on the day. Brent, on the other hand, had a more modest increase of 5.38%, but once again exceeded the level of US $ 20 per barrel.
Among the factors that led to today’s highs is a meeting between several members of the Organization of the Petroleum Exporting Countries and allies (the so-called OPEC + group), creating expectations for further measures. According to estimates by Jim Burkhard of the IHS Markit, 17 million barrels per day may be withdrawn from the market considering the already announced cuts and other production suspensions, due to low prices, which do not allow operating margins. viable
Furthermore, the scenario of international tension has also raised the prices of basic products. United States President Donald Trump said on Twitter that he ordered the Navy to bomb and destroy Iranian ships that threaten American ships. Iran is one of the largest oil producers. With the commodity boom, US equity indices rose more than 2%.
As a result, the benchmark index of the Brazilian stock market closed with an increase of 2.17%, at 80,687 points, with a financial volume of R $ 24,029 million. Click here and see the main highlights of the actions of this session.
Meanwhile, the commercial dollar rose 1.89%, quoted at R $ 5.4089 on purchase and R $ 5.4094 on sale, renewing its historical maximum closing figure. The future dollar for May advances 1.70%, to R $ 5,412.
In the future interest market, the DI for January 2022 fell 12 basis points to 3.20%, while the DI for January 2023 fell 14 points, to 4.22%. The contract for January 2025 fell 7 basis points to 5.89%.
On Monday, the president of the Central Bank, Roberto Campos Neto, said after the closing of the stock market that the country is far from the moment of the loss of the power of monetary policy, when movements such as the quantitative easing are more necessary.
According to him, it is important that the BC has the most diverse instruments on hand to guarantee liquidity in the markets, even though it does not need to use all of them.
Abroad, the United States Senate on Tuesday approved a $ 484 billion package to help small and medium-sized businesses. According to CNBC, President Donald Trump will sanction the package tomorrow.
The number of people affected by coronavirus in the United States continues to grow and exceeded 820,000 this morning, according to data from Johns Hopkins University. The death toll from the disease in the United States exceeded 43,000. Worldwide, 2.5 million Covid-19 cases have been confirmed so far, with 176,000 deaths.
Economic Agenda
Amid the covid-19 pandemic, the collection of federal revenues in Brazil fell 3.32% in March, totaling R $ 109,718 billion.
The comparison is with the same month of 2019, discounting inflation. This is the lowest value for the month since March 2010, when R $ 105,717 million was raised. The information was published today (22) by the IRS, in Brasilia.
The revenues administered by Federal Revenues, such as taxes and federal contributions, reached R $ 107,390 million, which resulted in a real decrease (discounting inflation) of 3.67%.
Politic notices
On Wednesday, the state government must announce a gradual plan to reopen São Paulo’s economy, and its implementation will begin on May 11. When the quarantine was extended last week, the covid-19 crisis management committee began to focus on a plan to establish which sectors and regions of the State of São Paulo could gradually operate again.
Doria told the Folha de S. Paulo newspaper that he will not give details of the plan until May 8. “We are going to follow in the footsteps of science,” he said. When asked about the vote given to Bolsonaro in 2018, Doria expressed his regret: “He did not have the possibility of having a president who could behave so irresponsibly, so damned.”
The political world is already watching the elections for the presidency of the Chamber of Deputies. According to Estadão, behind the scenes, President Jair Bolsonaro is moving to promote the campaign of the deputy Marcos Pereira (SP) in this dispute, scheduled for February 2021.
Still on the radar, Minister Alexandre de Moraes, of the Federal Supreme Court (STF), authorized the opening of an investigation into the protests held on April 19, last Sunday, in favor of a military coup in Brazil, according to the Folha de S Paulo and O Globo newspapers.
President Jair Bolsonaro, who was in one of them in Brasilia (DF), is not being investigated, but could become a target if there is evidence that he helped organize the events, which also took place in São Paulo and Rio de Janeiro.
According to Moraes, the act of 19 “is proving to be extremely serious, since it is an attack against the Democratic State of Brazilian Law and its republican institutions.” It is worth noting that the request to open the investigations was made on Monday by the Attorney General of the Republic, Augusto Aras.
Corporate news
Eneva’s Board of Directors decided to end the negotiations on the Merger Proposal with AES Tietê, despite the fact that it remained in force from March 1, unchanged, even in view of the impacts on the financial and capital markets resulting from COVID -19, according to a statement.
Eneva says that “the transaction should not continue, at that time, amid a probable dispute over the rights of shareholders who own AES Tietê preferred shares and the interests of the
controlling shareholder of that company.
AES Tietê informed CVM yesterday that it “is not aware” of the content of an article published on the Exame magazine website, which stated that the company’s headquarters in the United States plans to buy BNDES’s stake in the Brazilian company. . BNDES currently owns a 28.41% stake in AES Tietê, an amount corresponding to R $ 1.8 billion, according to information from the state bank.
Attention to changes in Boards of Directors. Michael Klein will resign as chairman of the board of directors of Via Varejo (VVAR3), the company said Monday night.
Reinsurer IRB Brasil Re (IRBR3) also announced changes. Based on the resignation of executives appointed by the company’s shareholders such as Bradesco and Itaú Unibanco, with the help of consulting firm Korn Ferry, he selected new members that include former S&P Regina Nunes, as well as specialists in the areas of insurance, accounting and corporate governance. .
Energisa has postponed R $ 500 million in investments planned for 2020. Anima announced yesterday that it will hold its ordinary and extraordinary general meetings on April 29 only by digital means. It will be the first company in Brazil to use the resource, without physical assemblies, due to the Covid-19 epidemic.
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