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SÃO PAULO – The Ibovespa gets up on Thursday (8) in another day of good humor abroad. Here, Petrobras shares (PETR3; PETR4) and banks pull the performance of the index. Together, the assets of the oil company and financial institutions represent 24.22% of the theoretical portfolio of the reference point.
Abroad, investors remain excited about the mini-stimulus package announced yesterday by US President Donald Trump, totaling $ 25 billion. The information was well received, as the day before Trump halted negotiations for a deal between Democrats and Republicans on a trillion dollar stimulus package against the economic impacts of the coronavirus.
Today, the US president said that negotiations on this agreement have resumed, surprising everyone.
However, what moves Brazil the most is oil, which rises after falling the day before. 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 – rises 2.67% to US $ 43.11 and a barrel of WTI increases 2.65% to US $ 41.01.
At the domestic present time, Bolsonaro’s statement stands out that the last word in the Economy rests with him and Minister Paulo Guedes. 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.
At 11:41 am (Brasilia time), the Ibovespa was up 1.03%, to 96,512 points.
Meanwhile, the commercial dollar remains stable at R $ 5,622 in the purchase and at R $ 5,623 in the sale. The US dollar maturing in November recorded gains of 0.31%, at R $ 5,634.
In the future interest market, the ID of January 2022 falls four basis points to 3.22%, the ID of January 2023 falls three basis points to 4.73%, the ID of January 2025 has a drop of four basis points at 6.63% and the DI of January 2027 registered a negative variation of one basis point at 7.59%.
Another political 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.
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 Estadão, the commission has yet to vote on the Budgetary Guidelines Law (LDO) for 2021, one 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.
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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