Ibovespa closes 2.5%, best performance in a month, and returns to 97 thousand points; dollar falls to R $ 5.58



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Stocks on the rise (Credit: Shutterstock)

SÃO PAULO – Ibovespa closed strongly higher on Thursday (8) after the good international mood and the rebound in banking stocks, which were recommended by UBS BB. Petrobras shares, meanwhile, completed the day of optimism thanks to the increase in oil prices in the international market.

How units Shares of Santander (SANB11), Itaú (ITUB4), Bradesco (BBDC3; BBDC4) and Banco do Brasil (BBAS3) increased up to 8%. For analysts, the expectation is that the third quarter results show an improvement in the profitability of the institutions.

Together, the assets of the oil company and financial institutions represent 24.22% of the theoretical portfolio of the reference point. To read more featured stocks, click here.

In this scenario, the Ibovespa grew 2.51%, to 97,919 points with a financial volume of R $ 25.904 billion. It was the index’s highest daily gain since Sept. 1, when the benchmark soared 2.82%.

With today’s gains, the B3 major stock index recorded its highest closing level since September 18, when the trading session ended at 98,289 points.

Outside, investors remained enthusiastic about the mini-stimulus package announced yesterday by the President of the United States, Donald Trump, totaling $ 25 billion, despite the statements of the Speaker of the House of Representatives, Nancy Pelosi, who deny that they will approve a lean package, involving only airlines. The Dow Jones, S&P 500 and Nasdaq indices were up 0.43%, 0.8% and 0.5%, respectively.

The day before, Trump had halted negotiations for a deal between Democrats and Republicans on a trillion-dollar stimulus package against the economic impacts of the coronavirus. Today, however, the US president assured that negotiations on this agreement have resumed, surprising the market.

However, what most directly affected Brazil was oil, which rose after falling the previous day. Yesterday, several oil rigs were evacuated in the Gulf of Mexico due to the approach of Hurricane Delta. The shutdown is estimated to result in 1.5 million barrels not being produced per day.

As a result, a barrel of Brent, used as a benchmark by Petrobras, rose 3.36% to US $ 43.4 and a barrel of WTI advanced 3.2% to US $ 41.23.

At the domestic present time, Bolsonaro’s statement that the last word of the economy rests with him and Minister Paulo Guedes called attention. Previously, he had said that it was only Paulo Guedes who decided.

However, Bolsonaro reaffirmed that he has “mutual loyalty” with the minister. Yesterday afternoon, Guedes calmed the market saying there are no plans to extend the state of calamity beyond December this year or extend Emergency Aid until June 2021.

Meanwhile, the commercial dollar closed the session with a fall of 0.62% to R $ 5,587 in the purchase and R $ 5,588 in the sale. The future dollar maturing in November recorded losses of 0.3%, at R $ 5.60 in the Secondary market.

In the future interest market, the ID of January 2022 fell five basis points to 3.21%, the ID of January 2023 fell eight basis points to 4.68%, the ID of January 2025 fell nine basis points in 6.58% and the DI of January 2027 registered a negative variation of five basis points at 7.55%.

Another political highlight was President Bolsonaro’s statement on Operation Lava Jato. He said he ended the operation because, according to him, “there is no more corruption in the government.”

The statement was a response to criticism from lavajatistas for approaching the ministers of the Federal Supreme Court (STF) who oppose the operation carried out by former judge Sérgio Moro, according to the Status.

Among the indicators, retail sales grew 3.4% in August compared to July, showed the Brazilian Institute of Geography and Statistics (IBGE). The median expectation of economists compiled by the Bloomberg consensus was a 3% expansion.

In the United States, 840,000 unemployment insurance claims were registered last week, the Labor Department said. This number was slightly higher than the median of economists’ expectations compiled in the Bloomberg consensus, which pointed to 820,000 requests for the benefit in the period. In the previous week, 837 thousand applications for unemployment insurance were registered.

Still in Brazil, the market follows the information that the dispute for the command of the Chamber of Deputies from 2021 is making it difficult to install the Mixed Budget Commission (CMO).

As a result, there are fears that the government will have no legal basis to pay its expenses starting in January. According to Status, the commission has yet to vote on the Budget Guidelines Act (LDO) for 2021, a step before examining the budget itself.

Attention to the debate of the candidate for vice president of the United States last night. Democratic Sen. Kamala Harris, vice presidential candidate on Joe Biden’s ballot, did better in the debate against Republican Mike Pence.

The meeting, which was more civilized than last week between Trump and Biden. The debate was very focused on the impacts of the coronavirus pandemic and the Democrat managed to take advantage of it, highlighting the moment in which she said that the current government hid from the population that had known about the disease since January.

Kamala Harris’s weakness was exposed in the question of whether Democrats intend to increase the number of Supreme Court justices or not. Pence also seized the opportunity to carry out harsh attacks against China, blaming the country for the damage caused by Covid-19.

He said Trump stopped all flights originating from China as a way to stop the pandemic and accused Biden of being against the initiative. See more by clicking here.

Mercosur-EU Agreement

Another prominent issue is the country’s international relations. After the European Parliament yesterday refuted an agreement between the European Union and Mercosur due to concerns about Brazil’s environmental policy, the Brazilian government said that the demonstration had a “political nature”, with no real effects on the legal process of evaluating the treaty. , according to Estadão. .

In a note released by the Ministry of Economy, the government said it was “closely following” the demonstration of members of the European Parliament during the approval of the 2018 report on the implementation of the common trade policy between the two blocs. The agreement between the European Union and Mercosur was closed in June 2019 after twenty years of negotiations marked by comings and goings.

Corruption

In Brazil, another highlight is President Bolsonaro’s statement on Operation Car Wash. He said he ended the operation because, according to him, “there is no more corruption in the government.”

The statement was a response to criticism from lavajatistas for having approached the ministers of the Federal Supreme Court (STF) who oppose the operation carried out by former judge Sérgio Moro, according to Estadão.

Still on Lava Jato, the Supreme Federal Court ruled yesterday that the criminal actions in progress in the court will be tried again by the full court. Thus, the analysis of the Lava Jato processes will come out of the Second Panel, which has imposed successive defeats to the operation, according to sheet.

Minister Luiz Fux is a defender of the operation and this was his first victory in the presidency of the Supreme Court against the wing of the court that criticizes the methods of Lava Jato.

Additionally sheet reported that President Bolsonaro made an irregular cash donation for this year’s campaign to re-elect his son Carlos Bolsonaro to the Rio de Janeiro City Council.

According to data provided by the candidate for the Superior Electoral Court, the president made a deposit of R $ 10,000 in cash in the councilman’s campaign account. The practice, as described, runs counter to last year’s TSE resolution on rules for electoral donations.

The newspaper also noted that the Federal Court of Accounts opened an investigation to investigate the hiring of a law firm linked to federal judge Kassio Nunes to provide services to the former Companhia Energética do Piauí, now Equatorial Piauí.

The Court’s auditors indicated irregularities due to the lack of bidding. Nunes is nominated by President Jair Bolsonaro for Celso de Mello’s vacancy on the Supreme Court.

Still on Kassio Nunes, Estadão reported that his master’s thesis presented in 2015 to the Autonomous University of Lisbon, in Portugal, brings identical extracts to the publications made by another author, the lawyer Saul Tourinho Leal.

Corporate radar

In corporate news, investors are following the price of the Mateus Group’s initial share offering, which takes place today. In addition, Copel informed that it will make an incentive dismissal plan that can reach 930 employees, generating annual savings of R $ 168.7 million from 2021.

Higher highs

Active % Change Price R $)
IRBR3 19.7205 7.71
SANB11 8.32455 30.84
ITUB4 6.21145 24.11
BBDC3 5,66868 19.2
RENT3 5,39638 59.96

Higher number of casualties

Active % Change Price R $)
USIM5 -2.54958 10.32
BTOW3 -1.61345 87.2
ELET3 -1.43678 30.87
BRKM5 -1.08011 21.98
GOAU4 -0.99701 9.93

TIM will distribute R $ 500 million in interest on capital, while PetroRio released the production data for September. Total daily production was 32,938 barrels of oil equivalent per day (boed), the highest monthly volume registered in 2020. Furthermore, it is worth noting that BNDES intends to sell R $ 2 billion in Vale debentures at the beginning of next year. .

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