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SAO PAULO – Ibovespa Futuro opens between profit and loss this Friday (23) between the positive exterior and the search for profit in the last trading session of the week. Outside, in addition to the positive signals on stimulus in the United States, strong corporate results in Europe are also optimistic.
Barclays Bank reported a net profit of $ 797.7 million in the third quarter, more than double the expectations of analysts. Carmaker Daimler has raised its profit expectations for 2020. And growing demand in China has helped expand the margins of Mercedes-Benz’s auto division.
On Thursday, the president of the US Congress, Nancy Pelosi, said she and Treasury Secretary Steven Mnuchin were “almost there” in discussions about a new stimulus package. On the other hand, he said it could still “take a while” before the law defining the package is drafted and signed.
Americans also followed another debate between President Donald Trump and Democratic candidate Joe Biden.
At 09:10 AM (Brasilia time), the future index for December fell slightly by 0.08%, to 102,295 points.
The US dollar due in November fell 0.41% to R $ 5.571.
Here, the National Comprehensive Consumer Price Index – Base 15 (IPCA-15) rose 0.94% in October in the monthly comparison, according to the Brazilian Institute of Geography and Statistics (IBGE).
The economists’ expectations, according to the Bloomberg consensus, were that inflation measured by the IPCA-15 would increase 0.83% in September in the monthly comparison, after an increase of 0.45% in the previous measurement.
The number impacted the future interest market. The ID of January 2022 increases seven basis points to 3.33%, the ID of January 2023 increases from nine basis points to 4.72%, the ID of January 2025 advances five basis points to 6.48% and the ID of January 2027 registered a positive variation of four basis points to 7.37%.
Even today, the Butantan Institute board said that Anvisa would take too long to approve the purchase of supplies for the production of the covid vaccine, which Anvisa denies.
After disapproving of the Minister of Health, Eduardo Pazuello, for buying 46 million doses of the vaccine, Bolsonaro said live that he has no power over Anvisa over the release of vaccines.
Controversy surrounding the vaccine
The day after President Jair Bolsonaro denies about the Health Minister Eduardo Pazuello, he talks about the plan to buy 46 million doses of the vaccine that will be produced in partnership between the Chinese and the Butantan Institute, the directive of the same institute He said that Anvisa (the National Health Surveillance Agency) would delay the release of supplies for the production of the vaccine.
The director general of the Butantan Institute, Dimas Covas, told the press that in September the Institute had requested to import raw materials.
This Thursday, amid President Bolsonaro’s refusal to buy the vaccine produced in São Paulo, he was informed that the request would only be analyzed by Anvisa at a meeting scheduled for November 11. This would delay the vaccine production schedule.
In an interview with TV Globo, he stated that “normally this type of request is processed very quickly, in ten days.” In a statement, the Butantan Institute stated that the request is exceptional and that the delay in the release of the input may affect the prospects for the production and distribution of the vaccine.
In response to the note, Anvisa indicated that the response to the import request will be sent within five business days, and that Butantan’s request has entered a special analysis.
On Thursday afternoon, President Bolsonaro made a live on social networks, in which he stated that Anvisa would not rush to launch vaccines.
“The vaccine has to be certified by Anvisa. I do not order from Anvisa. Some believe that I send them to Anvisa. Anvisa, like all agencies, is independent. Anvisa is not subordinate to me, even though it indicates [o diretor-presidente] it’s me in the Senate, ”he said.
He and Minister Pazuello sought to show unity after the president disapproved of the minister’s purchase of the São Paulo vaccine. “It’s as simple as that, one commands and the other obeys. But we have affection, it is possible to deploy it, ”said the minister.
Proposal to use funds to spend on coronavirus
In an interview published this Friday morning by the newspaper Valor, the Secretary of the National Treasury, Bruno Funchal, defended as “an important alternative” the use of funds deposited in federal funds to finance actions to combat the pandemic. The measure is foreseen in the PLP (complementary bill) 137, presented by the deputy Mauro Benevides Filho (PDT-CE), and would release R $ 177 billion.
The measure would help the government save resources, which could be used to pay off debt without the need for new debt. “Instead of borrowing another 177 billion reais, the Treasury has the resources to pay the expenses,” Funchal said. With these resources, the government would not have to pay so many risk premiums to finance itself.
The government’s goal would be to close 2020 with enough cash to pay the maturity of the bonds in the first four months of 2021, says the secretary.
The text of the complementary bill provides for the use of a surplus of 29 funds to pay for measures such as: emergency aid, support to states and municipalities, health actions and actions to support employment and income.
Originally, the money from these funds should have been used for activities such as the fight against traffic or the expansion of airport infrastructure. But some of that value has been stagnant for decades.
Corporate radar
The initial offer of Track & Field shares was R $ 9.25 per share, below the estimate of the coordinators of the offer, which was between R $ 10.65 and R $ 14.95. The operation generated R $ 523 million.
Bradesco BBI said in a report that it sees “clear signs” that the worst is over and that there are expectations of good profits for Brazilian banks in the third quarter. Bradesco says he believes the best results will come from Santander.
Banco do Brasil, Bradesco, Itaú Unibanco and Santander- increase in market value from R $ 570.5 billion on September 30 to R $ 655.3 billion on the afternoon of Thursday, October 22, as highlighted by the Survey of value.
Estadão brings a report that indicates that Santander’s Superdigital, an application that allows paying bills, grew by 14% in payroll clients between January and September.
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