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SÃO PAULO – The Ibovespa begins to fall on Thursday (16) after the US stock markets, which opened lower against the futures. On the radar, unemployment insurance claims in the United States were lower than expected by the consensus of Bloomberg economists. The country registered 5,245 million requests, compared to projections of 5.5 million new requests. The week before, 6.615 million people asked for help. Despite this, the data is still quite negative and shows the damage caused by the pandemic.
Previously, stock markets rose because several countries are gradually reopening their businesses after the coronavirus quarantine. Denmark began reopening its schools on Wednesday and US President Donald Trump will hold an afternoon press conference to discuss his plan to exit confinement.
According to John Hopkins University, the number of people infected with the disease worldwide has reached 2 million, with a balance of 134 thousand deaths.
At 11:11 am (Brasilia time), the Ibovespa registered a fall of 0.79%, to 78,206 points. From a technical point of view, once again the reference point corrects after touching the resistance of 80 thousand points, which is already consolidating itself as the psychological ceiling of the market.
The futures dollar for May, on the other hand, increased 0.1% to R $ 5,253, while the commercial dollar turned into gains of 0.33%, to R $ 5.2588 on the purchase and R $ 5.2598 on the sale.
In the future interest market, the DI for January 2022 falls 2 basis points at 3.68%, the DI for January 2023 falls 4 basis points at 4.68% and the DI for January 2025 falls 4 6.23% basis points
US President Donald Trump’s coronavirus initiatives, such as ordering governors to reopen their states, meet limits on presidential powers. However, the US president said he would reveal guidelines to relax the isolation rules on Thursday, citing data that would show that the outbreak is finding a plateau in parts of the country.
It is also the expectation of relaxation of social isolation measures that makes European stock markets operate on the rise. Germany, the region’s largest economy, has reported that smaller commercial establishments may reopen starting April 20 if they implement adequate hygiene measures. Schools are expected to be operational again on May 4.
Political radar
The Federal Supreme Court (STF) decided yesterday that states and municipalities can take the measures they consider necessary to combat the new coronavirus, such as social isolation, the closure of trade and other restrictions. With the decision, governors and mayors will also be able to define essential services that can function during the pandemic period. Minister Gilmar Mendes said the 1988 Constitution prohibits the president from “adopting a genocidal policy.”
The Minister of Health, Luiz Henrique Mandetta, gave a press conference yesterday and said goodbye. Mandetta said Bolsonaro wants another “position” in Health that he, based on science, cannot offer. Mandetta defended social isolation and said that thanks to the measure, it was at least possible to stop the curve of the epidemic in Brazil.
In an interview with Veja, Mandetta reinforced her tone. When asked if there is no way to stay in government, he said no. “Sixty days having to measure words. You speak today, the person understands, says he agrees, then changes his mind and says everything differently. You go, you talk, it seems that everything is fixed and then the boy changes the speech again. Enough, right? We have helped a lot, ”he said. He also noted that he remains in the government until they find a person to take his place.
According to the Ministry of Health, Brazil had 28,320 confirmed cases of Covid-19 last night and 1,736 died from the disease. According to a report by O Globo, three names are in the race to succeed Mandetta in Health: oncologist Nélson Teich, cardiologist Ludhmila Hajjar and ophthalmologist Claudio Lottenberg.
The Senate, on the other hand, approved in the first round of the basic text of the PEC war budget, which aims to facilitate greater spending by the federal government to face the coronavirus pandemic and expand the BC’s toolbox. Voting in the second round will be on Friday. The PEC must return to the Chamber, where it had been approved earlier this month, because the senators changed the text to restrict the possibility that the Central Bank buy private bonds.
Banks prepare the package
Banks prepare a package for business sectors most affected by the effects of the coronavirus epidemic, reports a newspaper report The state of S. Paulo. The final amount has not yet been closed, but it should be around R $ 50 billion.
Energy companies, airlines and the automotive chain must be served as a priority, through a consortium of banks led by BNDES and with the participation of Itaú Unibanco, Banco do Brasil, Bradesco and Santander Brasil. Two or three smaller banks should join. Retail, with the exception of supermarkets and pharmacies, will also be covered. According to sources, aid to the electricity sector is the most advanced and is estimated at between R $ 15 billion and R $ 18 billion. The automotive industry should have R $ 20 billion. Bradesco president Octavio de Lazari told Estadão yesterday that “nobody wants to see a company go down.”
Corporate news
Petrobras published yesterday its 2019 tax report and reported that it paid taxes of R $ 246 million last year, an increase of 34.91% compared to 2018. The company increased the payment of taxes to the federal government, but slightly reduced payments to state and municipal governments. Construction company Tenda released a preview of the first quarter of 2020 and reported an 8% expansion in net sales during the same period last year, to R $ 439.7 million. Specializing in the popular segment of the Minha Casa program, Minha Vida (MCMV), Tenda said the coronavirus epidemic hampered launches, especially in late March.
(With Agência Estado and Bloomberg)
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