Ibovespa closed higher, but has not avoided a worse month since March, with a drop of 4.8%; dollar goes to R $ 5.61

SÃO PAULO – The Ibovespa closed higher on Wednesday (30), but did not prevent the 4.8% fall in September, the worst since March, marked by fiscal fear that persists since President Jair Bolsonaro overthrew Renda’s idea Brazil on the 15th. In the quarter, the stock market remained practically stable. In three months, the main Brazilian stock index fell 0.48%.

Outside, U.S. stock markets ended up on the upbeat tone taken by the country’s Treasury Secretary Steven Mnuchin, saying that congressmen will give the trillion-dollar stimulus package a shot against the impacts of the coronavirus.

The secretary’s speech, which ensured there was a “reasonable compromise” this time around, helped sideline the pessimism reverberating in markets after the fierce debate between US presidential candidates Donald Trump of the Republican Party and Joe Biden. , of the Democratic Party.

While Trump interrupted his opponent several times, Biden called him a “clown” and told him to shut up. In such good spirits, there is a fear that the election results will be contested. Trump again suggested that there could be vote-by-mail fraud, and Biden accused him of trying to scare voters by convincing them not to vote.

Today, the Ibovespa grew 1.09%, to 94,603 points with a financial volume of R $ 24,215 billion.

Meanwhile, the commercial dollar had a slight loss of 0.44% to R $ 5,615 in the purchase and R $ 5,616 in the sale. In the month, the US currency appreciated 2.46% against the real. The US dollar maturing in October registered a slight positive variation of 0.07% to R $ 5.64 on its last trading day.

In the future interest market, the ID of January 2022 fell nine basis points to 3.03%, the ID of January 2023 fell nine basis points to 4.50%, the ID of January 2025 fell eight basis points. basis points at 6.49% and the DI of January 2027 registered a negative variation of eight basis points at 7.47%.

Around here, the Minister of Economy, Paulo Guedes, affirmed that it was never proposed by the economic team to break the ceiling or improperly finance programs, in reference to the directing of resources to the Citizen Income with the limitation to the payment of precarious.

At a press conference, Guedes said that his team is studying how to merge 27 existing programs as a way to consolidate a more robust cash transfer program, which represents a landing after the end of emergency aid this year.

Still in politics, the president of the Senate, Davi Alcolumbre (DEM-AP), canceled the session that would analyze Bolsonaro’s veto to extend the corporate payroll exemption.

As for the coronavirus, the news that Regeneron’s REGN-COV2 remedy reduces viral levels and improves symptoms in outpatients. In the commodities market, iron ore futures traded on the Dalian Stock Exchange closed up 5%, trading at 809,000 yuan, equivalent to $ 118.72 today.

Economic indicators

The US economy created 749,000 jobs in the private sector in September, the ADP Employment Report showed. The number beat the median of economists’ projections compiled in the Bloomberg consensus, which pointed to 649,000 new jobs.

The United States also published the Gross Domestic Product (GDP) for the second quarter, which contracted 31.4% in annualized terms, the third estimate from the Department of Commerce showed. According to the Bloomberg consensus, the median expectation of economists for the data was a 31.7% drop in GDP.

Also among international indicators, industrial activity in China in September, calculated by the Purchasing Managers Index (PMI) was 51.5 points, above analysts’ expectations and above the 51.0 points observed in August . Readings above 50 points indicate an expansion from the previous month.

Here, the unemployment rate reached 13.8% in the quarter from May to July 2020 and was the highest in the historical series that began in 2012, showed the National Survey by Continuous Household Sample (Continuous Pnad) of the Brazilian Institute of Geography. and Statistics (IBGE). The expectation was that the unemployment rate would hit 13.7%, according to the Bloomberg consensus.

Citizen income

The government’s steps in relation to tax reform and Citizen Income continue to be the focus of the market. After the proposal to create the Renda Cidadã social program was badly received, the government discussed the possibility of a setback.

According to the Economic valueSome government officials are considering changing the funding sources for the program. According to the newspaper, this was discussed yesterday by President Jair Bolsonaro, Economy Minister Paulo Guedes and other ministers in an emergency meeting.

The Citizen Income proposal foresees the use of preventive resources. As a result, around 1 million court payments can be delayed annually, on average, depending on Folha de S.Paulo. In addition to the resources from the Precautions, the program will be financed with money from the Basic Education Fund (Fundeb).

At the same time, other sources said the proposal was upheld. Senator Márcio Bittar (MDB-AC), Renda Cidadã’s rapporteur, told the CNN Brazil that the text will be presented today, without changes in the source of payment.

According to the Value, the leaders in the Senate, Fernando Bezerra (MDB-PE), and in the Chamber, Ricardo Barros (PP-PR), also promised that the proposal will remain in place and will be in the report that will be presented in the next few days.

In addition, the proposal of the Minister of Economy, Paulo Guedes, to create a payment tax along the lines of the former CPMF, again generated criticism from Mayor Rodrigo Maia (DEM-RJ). “Why did Paulo Guedes ban the debate on tax reform?” Asked Maia, on his Twitter profile.

The mayor made the statement a day after the government resigned from sending the second phase of the tax reform proposal. The payment of taxes is not a consensus among the party leaders.

Credit

The Chamber of Deputies yesterday approved the Provisional Measure that releases a loan of R $ 20 billion to the BNDES fund to grant credit to micro and small companies. According to Agência Brasil, the matter goes to the Senate and must be voted on until tomorrow (1st) so as not to lose its validity. The text was approved as it was edited by the government in June, without changes.

Companies with gross income between R $ 360 thousand and R $ 300 million will benefit in 2019. According to Folha, the investment will go to the Investment Guarantee Fund (FGI), administered by BNDES and which is part of the Emergency Access Program . a Credit created by the Ministry of Economy in June. The program was instituted through the MP that allowed the release of credit through machines up to R $ 50 thousand with interest of up to 6% per year.

In Brazil, another highlight is the news that Minister Celso de Mello decided to withdraw from the virtual plenary session of the Federal Supreme Court (STF) the appeal that discusses whether or not President Jair Bolsonaro can give written testimony in the alleged investigation. Attempted political interference in the Federal Police, according to G1.

With the decision of the rapporteur, the issue returns to the conventional plenary session of the Supreme Court – the date of the trial has not yet been defined. Due to the pandemic, ministers have been meeting by videoconference, but can read the votes, debate and argue during the session. The case had been referred to the virtual collegiate body last week by Minister Marco Aurélio Mello, who replaced the dean during the medical leave that ended last Thursday 24.

In addition, the market must follow the speech of President Jair Bolsonaro, who is due to speak today at the United Nations (UN) Biodiversity Summit, through a video, according to CNN. In a speech considered quiet by the president’s interlocutors, Bolsonaro should defend the Amazon.

Yesterday, in the first presidential debate of the 2020 elections in the United States, Democratic candidate Joe Biden threatened Brazil with “significant economic consequences if it does not take care of the Amazon.” Biden said he would get several nations to give Brazil $ 20 billion to end deforestation in the Amazon, and if Brazil fails, there would be “significant economic consequences,” according to Valor Econômico.

Corporate radar

In the business sphere, the market today follows the judgment of the action for the sale of Petrobras refineries without a tender or support from the National Congress.

In addition to Petrobras, the sanitation sector will have a busy Wednesday. On the same date, Congress may hold a meeting to analyze the vetoes of the President of the Republic, Jair Bolsonaro. Among them, the controversial vetoes of the new Basic Sanitation Legal Framework (VET 30/2020 – Partial), for the modernization of the sector.

It is also worth mentioning that seven consortia and companies interested in the concession of water and sewerage in the metropolitan region of Maceió presented proposals aimed at bringing basic sanitation to 13 cities in Alagoas, which have a population of 1.5 million. The auction will also be held on Wednesday, at B3, in São Paulo, starting at 10 am, the first after the implementation of the new sector law and also leading the way because it is the first state water and sewerage project structured by BNDES that will come out of the paper. See more by clicking here.

Higher highs

Higher number of casualties

Raia Drogasil anticipated the opening of 240 stores per year between 2021 and 2022, while the IRB received the credit rating “brAAA” from Standard & Poor’s, with a stable outlook.

In addition, Lojas Americanas raised its asset issuance to US $ 500 million, while Camil announced that it will raise R $ 350 million through debentures. Locaweb announced the purchase of Etus Social Network Brasil, which works with social networks, for R $ 18.95 million.

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