Ibovespa closes on Friday 0.5% higher, but does not prevent a fall of almost 1% in the week; the dollar falls 2% in 5 trading sessions

SÃO PAULO – The Ibovespa closed higher on Friday (4) in an extremely volatile trading session, but could not erase the 0.88% drop for the week.

Although the political news has taken a breather, with the reforms sent to Congress announced this Tuesday (when the Stock Market rose 2.82%), yesterday and today an unforeseen rush in the sales of the shares of technology companies ended. in the United States, preventing what seemed to be a new trip to 105 thousand points.

The Ibovespa today rose 0.52% to 101,241 points with a financial volume of R $ 32,797 billion. The index opened higher, fell again, fell more than 1.5% to hit the lowest of the day, 98,960 points, but in the afternoon buyers were encouraged again and, at the most, the stock traded at 101,581 points.

Outside, US equity markets closed, but much lower than during the day. The Nasdaq index fell as much as 5% intraday.

Shares of Vale (VALE3), which make up 10.9% of the composition of the main B3 index, were largely responsible for the recent declines, rising nearly 2% today and pulling the benchmark recovery during the afternoon. . To read more featured stocks, click here.

It is important to remember that Monday (7) is an Independence Day holiday and B3 will be closed. Generally, before the holidays, investors tend to be more cautious due to the inability to trade for many days.

However, September 7 will also be a holiday in the US, which reduces the pressure, since the American investor will also not be able to buy and sell ADRs (in practice, the shares of Brazilian companies listed in New York).

The commercial dollar closed the day with a rise of 0.33% to R $ 5,3069 in the purchase and R $ 5,3081 in the sale. During the week, the US currency depreciated 1.99% against the real. The future dollar for October has slight gains of 0.19%, at R $ 5,306 in the Secondary market.

In the future interest market, the DI of January 2022 fell five basis points to 2.74%, the DI of January 2023 lost five basis points to 3.90%, the DI of January 2025 registered losses. four points to 5.70% and the ID of January 2027 varied negatively by six basis points to 6.65%.

Today, among the indicators, the US Employment Report revealed the creation of 1.37 million jobs in August. The figure surpassed the median of economists’ expectations compiled in the Bloomberg consensus, which pointed to the generation of 1.35 million jobs in the period.

In Brazil, the relationship between the mayor, Rodrigo Maia (DEM-RJ) and the Minister of Economy, Paulo Guedes, drew attention. Yesterday, Maia declared that she will begin to communicate about important votes with the Minister of the Government Secretariat, Luiz Eduardo Ramos. This is because, according to Maia, Guedes prohibited his dialogue with the secretaries of the economic area.

The administrative reform, sent to Congress the day before, continued to impact today. The proposal has positive points, but it has no effect on current servers and depends on new regulations to change other rules.

Maia and Guedes

After receiving the administrative proposal from the government, the president of the Chamber said that he will begin to discuss with the Minister of the Ministry of the Government, Luiz Eduardo Ramos, on important votes, such as administrative reform. This is because, according to Maia, Guedes prohibited his dialogue with the secretaries of the economic area. The statements were made in an interview with Globonews.

Maia said that the end of the talks with Guedes will not compromise the relationship between the government and the legislature or the progress of the reforms because the political articulation continues in the Chamber. According to him, Guedes “is not political” and has “little experience” in political articulation.

Yesterday, the Economic Policy Secretariat (SPE) of the Ministry of Economy declared that abandoning the spending ceiling could plunge the country into an even deeper recession in 2020, reduce growth in 2021, as well as raise interest and inflation, according to The state of São Paulo.

According to the SPE accounts, abandoning the rule would accentuate the expected drop in GDP for 2020. The current forecast is for a 4.7% drop, but it could reach 6.9%. In addition, the expected growth for 2021, of 3.2%, would be reduced, increasing to 1.7%.

Administrative reform

The administrative reform, sent to Congress the day before, continued to impact today. Among the positive points, the proposal prohibits automatic career progressions and paves the way for the end of stability in most positions, adds greater rigor to performance evaluations and reduces the number of careers. Folha de S.Paulo.

However, the measure has no effect on current servers and depends on new regulations to change other rules. For this reason, the newspaper says that the reform should not generate savings for the public coffers in the short term.

The reform falls on the future servants of the three branches of government, states and municipalities, but retains specific categories. The judges, prosecutors, prosecutors, deputies and senators will be saved from the changes. Yesterday, Maia said that the proposal could be approved by the House later this year. If approved by the House, the proposal will go to the Senate.

Also noteworthy is President Jair Bolsonaro’s speech last night on the 5G auction. In accordance with The state of São PauloBolsonaro said that it is he who will decide on the supply of technology for 5G in Brazil.

The president declared that he is in dialogue with various authorities on the matter, including members of the US government. “I will make it very clear that I will decide on 5G. It is not third, nobody guesses, no. I’ll decide 5G, ”he said in a weekly broadcast on social media. The 5G auction in Brazil should take place in 2021 and has generated a technology dispute between the United States and China.

During the broadcast, he also said that Congress “may” extend the scope of administrative reform to other Powers.

Corporate radar

Today, the market follows the repercussions of a new acquisition made by Magazine Luiza. The company announced the purchase of the AiQFome food delivery platform, present in more than 350 municipalities distributed in 21 states.

Higher highs

Higher number of casualties

Another highlight is the news that BNDES Participações plans to follow up on the sale of its shares in Suzano. At the end of August, BNDESPAR owned 11.03% of the company’s total shares.

Guararapes reported that the Director of Investor Relations Newton Rocha de Oliveira Júnior will be replaced by Tulio José Pitol de Queiroz, who is the executive director of Riachuelo.

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