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SÃO PAULO – Ibovespa Futuro opens in a fall this Thursday (3) with a bit of caution as investors watch the sending of the administrative reform to Congress. Abroad, the futures of the US index have slight lows, correcting part of the gains after the two strong highs that marked this beginning of September.
Today, the main novelty is the administrative reform proposal, which must include two categories of future officials who can be fired, but who will not interfere with the current officials of the Executive. The project can begin to be discussed in the Special Commission, with the aim of accelerating the process in the Legislative.
At the same time, the Bolsonaro government ended a restriction imposed by Economy Minister Paulo Guedes to contain the expansion of spending on public officials. Yesterday, the Attorney General of the Republic of the National Treasury changed its mind that it restricted recruitment until the end of next year and allowed new contests to be held.
On the other hand, the news of advances in relation to a vaccine for the coronavirus generates optimism, with the commitment of 76 countries for the Covax program, of the World Health Organization (WHO), which will distribute the vaccines fairly when they are available. .
At 09:10 AM (Brasilia time), the Ibovespa futures contract for October fell 0.71%, to 101,790 points.
Meanwhile, the commercial dollar has a slight positive variation of 0.09% to R $ 5.3612 in the purchase and R $ 5.3637 in the sale. The future dollar for October rises 0.34% to R $ 5,364.
In the future interest market, the ID of January 2022 has increased by a basis point of 2.85%, the ID of January 2023 gains three basis points at 4.04%, the ID of January 2025 advances three points basis at 5.85% and the DI for January 2027 varies positively two basis points at 6.81%.
Among the indicators, industrial production grew 8% in July compared to June, showed the Brazilian Institute of Geography and Statistics (IBGE). The median expectation of economists compiled in the Bloomberg consensus rose 5.9% in the indicator of the month.
In Europe, by contrast, stock indices are operating amid greater optimism about the local economy. In the euro region, Markit’s Purchasing Manager Index (PMI) showed that economic activity grew more than expected in August, with a result of 51.9 points, against an expectation of 51.6 points. Readings above 50 show a monthly expansion.
Regarding corporate news, today the third advance of Ibovespa is published and negotiations for the new Omega shares will begin. In addition, the unit price offered by Banco Inter will be set.
Administrative reform
The market’s attention is still focused today on the administrative reform, sent to Congress today, according to the Official Gazette. The government will release the Proposed Amendment to the Constitution (PEC) of the new public administration to the press at 10 am.
According to the General Secretariat of the Presidency of the Republic, the proposal suggests: a requirement of two years of experience with satisfactory performance before being invested in public office and initiating the one-year probationary period for typical positions of the State; Final classification requirement within the amount provided for in the tender announcement, among the best evaluated at the end of the period of experience and more limitations in the exercise of other activities for the occupants of typical state positions and fewer limitations for public servants in general.
Other proposals are: prohibition of more than thirty days of vacation per year, reduction of working hours without reduction of remuneration, promotions or progressions exclusively by seniority, incorporation of positions in commission or functions of trust to permanent remuneration, mandatory retirement as a form of punishment and reduction of remuneration due to the reduction of working hours for typical government jobs. It is also proposed to prohibit compensation fees without characterizing the expenses directly derived from the performance of the activity.
Guedes lock
Amid an effort to cut spending, the Bolsonaro government ended a padlock placed by Guedes to contain the expansion of spending on public officials. Yesterday, the Attorney General’s Office of the National Treasury changed an opinion that restricted recruitment until the end of next year.
Now, new competitions will be allowed to fill vacant positions, according to the leaf. The Federal Police announced a tender to hire 2,000 agents, and the president said he should authorize the Federal Highway Police to do the same.
Another highlight at the national present time was the presentation of a Proposal to Reform the Constitution (PEC) to allow the re-election of the president of the Senate, Davi Alcolumbre (DEM-AP). In accordance with HE State of S.Paulo, PEC was presented by Senator Rose de Freitas (Pode-ES). The proposal also allows for the re-election of the mayor.
Also noteworthy is the news that the president sent a message to former Justice Minister Sergio Moro, on April 12 of this year, in which he affirmed that he had the “dignity to resign” if he wanted to contradict his positions. In accordance with Or Balloon, the Federal Police obtained the conversation on Moro’s cell phone, given to help in the investigation that investigates the interference of the president in the PF.
In addition, eight members of the Lava Jato Operation Working Group in São Paulo requested the dismissal of the operation of the operation to the Attorney General of the Republic, Augusto Aras. The request came a day after Deltan Dallagnol left the coordination of the Curitiba working group.
Corporate radar
Regarding corporate news, today the third advance of Ibovespa is published and negotiations for the new Omega shares will begin. In addition, the unit price offered by Banco Inter will be set.
Braskem reported a record sales of resins in Brazil, which reached 350 thousand tons in August, while Invepar reported the performance of its business in August, with a retraction of more than 60% in the movement of airports.
Yesterday, T4F announced the sale of its 85% stake in Vicar, the company hosting the Stock Car racing event. The value has not been disclosed. Also noteworthy is the news that the Central Bank must approve WhatsApp Pay in Brazil, a service that will allow payments to be made through the social messaging network, which belongs to Facebook.
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