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SAO PAULO – Ibovespa rises on Wednesday (30), showing a better performance than the international stock markets after the virulent debate between the candidates for the US presidency, Donald Trump, of the Republican Party, and Joe Biden, of the Party. Democrat.
While Trump interrupted his opponent several times, Biden called him a “clown” and told him to shut up. In such good spirits, there is a fear that the election results will be contested. Trump again suggested that postal ballots could be fraudulent, and Biden accused him of trying to scare voters by convincing them not to vote.
Here, the unemployment rate reached 13.8% in the quarter from May to July 2020 and was the highest in the historical series that began in 2012, showed the National Survey by Continuous Household Sample (Continuous Pnad) of the Brazilian Institute of Geography. and Statistics (IBGE). The expectation was that the unemployment rate would hit 13.7%, according to the Bloomberg consensus.
In the US, 749,000 jobs were created in the private sector in September, the ADP Employment Report showed. The number beat the median of economists’ projections compiled in the Bloomberg consensus, which pointed to 649,000 new jobs.
The United States also published the Gross Domestic Product (GDP) for the second quarter, which contracted 31.4% in annualized terms, the third estimate from the Department of Commerce showed. According to the Bloomberg consensus, the median expectation of economists for the data was a 31.7% drop in GDP.
At 10:10 am (Brasilia time), the Ibovespa rose 0.85%, to 94,373 points.
Meanwhile, the commercial dollar has a slight positive variation of 0.07% to R $ 5,644 in the purchase and R $ 5,645 in the sale. The future dollar with the same expiration month recorded gains of 0.22%, at R $ 5,649.
In the future interest market, the ID of January 2022 operates stable at 3.12%, the ID of January 2023 falls by a basis point of 4.58%, the ID of January 2025 falls three basis points at 6.54% and the DI of January 2027 registered a negative variation of three basis points at 7.52%.
Among international indicators, industrial activity in China in September calculated by the Purchasing Managers Index (PMI) was 51.5 points, above analysts’ expectations, and above the index of 51.0 points seen in August . Readings above 50 points indicate an expansion from the previous month.
As for the coronavirus, the news that Regeneron’s REGN-COV2 remedy reduces viral levels and improves symptoms in outpatients. In the commodities market, iron ore futures traded on the Dalian Stock Exchange closed up 5%, trading at 809,000 yuan, equivalent to $ 118.72 today.
In Brazil, the market follows the next steps of the government regarding the financing of the Citizen Rent program. After the damage caused by the announcement that the program will use funds from Fundeb and precautions, the government held an emergency meeting yesterday afternoon and will be able to review the sources of the funds, according to the Value. However, other government sources said the original proposal would be kept.
In addition, the session of Congress is scheduled for today, which will analyze the veto of President Jair Bolsonaro to the exemption of the payroll tax. However, according to Status, the government must act to empty the meeting and postpone the analysis of the proposal, in an attempt to avoid a new defeat.
Citizen income
The government’s steps in relation to tax reform and Citizen Income continue to be the focus of the market. After the proposal to create the Renda Cidadã social program was badly received, the government discussed the possibility of a setback.
According to the Economic valueSome government officials are considering changing the funding sources for the program. According to the newspaper, this was discussed yesterday by President Jair Bolsonaro, Economy Minister Paulo Guedes and other ministers in an emergency meeting.
The Citizen Income proposal foresees the use of preventive resources. As a result, around 1 million court payments can be delayed annually, on average, depending on Folha de S.Paulo. In addition to the resources from the Precautions, the program will be financed with money from the Basic Education Fund (Fundeb).
At the same time, other sources said the proposal was upheld. Senator Márcio Bittar (MDB-AC), Renda Cidadã’s rapporteur, told the CNN Brazil that the text will be presented today, without changes in the source of payment.
According to the Value, the leaders in the Senate, Fernando Bezerra (MDB-PE), and in the Chamber, Ricardo Barros (PP-PR), also promised that the proposal will remain in place and will be in the report that will be presented in the next few days.
In addition, a session of Congress is scheduled for today to analyze President Jair Bolsonaro’s veto of the exemption from the payroll tax. According to Senate AgencyThe president of the Senate, Davi Alcolumbre (DEM-AP), plans to convene the session at 10 in the morning.
However, according to Estadão, the government must act to empty the meeting and postpone the analysis of the proposal, in an attempt to avoid a new defeat. The strategy will depend on an articulation with the Chamber of Deputies, where the voting begins. The government must avoid having 257 votes to override the veto in the House.
The exemption can guarantee benefits to 17 sectors of the economy in 2021. If the veto is maintained, the exemption ends in December. Yesterday, the leaders met to discuss the agenda for the session, but the meeting was canceled. Therefore, the expectation is that the proposal will hardly be voted on today.
In addition, the proposal of the Minister of Economy, Paulo Guedes, to create a payment tax along the lines of the former CPMF, again generated criticism from Mayor Rodrigo Maia (DEM-RJ). “Why did Paulo Guedes ban the debate on tax reform?” Asked Maia, on his Twitter profile.
The mayor made the statement a day after the government resigned from sending the second phase of the tax reform proposal. The payment of taxes is not a consensus among the party leaders.
Credit
The Chamber of Deputies yesterday approved the Provisional Measure that releases a loan of R $ 20 billion to the BNDES fund to grant credit to micro and small companies. According to Agência Brasil, the matter goes to the Senate and must be voted on until tomorrow (1st) so as not to lose its validity. The text was approved as it was edited by the government in June, without changes.
Companies with gross income between R $ 360 thousand and R $ 300 million will benefit in 2019. According to Folha, the investment will go to the Investment Guarantee Fund (FGI), administered by BNDES and which is part of the Emergency Access Program . a Credit created by the Ministry of Economy in June. The program was instituted through the MP that allowed the release of credit through machines up to R $ 50 thousand with interest of up to 6% per year.
In Brazil, another highlight is the news that Minister Celso de Mello decided to withdraw from the virtual plenary session of the Federal Supreme Court (STF) the appeal that discusses whether or not President Jair Bolsonaro can give written testimony in the alleged investigation. Attempted political interference in the Federal Police, according to G1.
With the decision of the rapporteur, the issue returns to the conventional plenary session of the Supreme Court – the date of the trial has not yet been defined. Due to the pandemic, ministers have been meeting by videoconference, but can read the votes, debate and argue during the session. The case had been referred to the virtual collegiate body last week by Minister Marco Aurélio Mello, who replaced the dean during the medical leave that ended last Thursday 24.
In addition, the market must follow the speech of President Jair Bolsonaro, who is due to speak today at the United Nations (UN) Biodiversity Summit, through a video, according to CNN. In a speech considered quiet by the president’s interlocutors, Bolsonaro should defend the Amazon.
Yesterday, in the first presidential debate of the 2020 elections in the United States, Democratic candidate Joe Biden threatened Brazil with “significant economic consequences if it does not take care of the Amazon.” Biden said he would get several nations to give Brazil $ 20 billion to end deforestation in the Amazon, and if Brazil fails, there would be “significant economic consequences,” according to Valor Econômico.
Corporate radar
In the business sphere, the market today follows the judgment of the action for the sale of Petrobras refineries without a tender or support from the National Congress.
In addition to Petrobras, the sanitation sector will have a busy Wednesday. On the same date, Congress may hold a meeting to analyze the vetoes of the President of the Republic, Jair Bolsonaro. Among them, the controversial vetoes of the new Basic Sanitation Legal Framework (VET 30/2020 – Partial), for the modernization of the sector.
It is also worth mentioning that seven consortia and companies interested in the concession of water and sewerage in the metropolitan region of Maceió presented proposals aimed at bringing basic sanitation to 13 cities in Alagoas, which have a population of 1.5 million. The auction will also be held on Wednesday, at B3, in São Paulo, starting at 10 am, the first after the implementation of the new sector law and also leading the way because it is the first state water and sewerage project structured by BNDES that will come out of the paper. See more by clicking here.
Raia Drogasil anticipated the opening of 240 stores per year between 2021 and 2022, while the IRB received the credit rating “brAAA” from Standard & Poor’s, with a stable outlook.
In addition, Lojas Americanas raised its asset issuance to US $ 500 million, while Camil announced that it will raise R $ 350 million through debentures. Locaweb announced the purchase of Etus Social Network Brasil, which works with social networks, for R $ 18.95 million.
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