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Markets are trying to absorb the new collapse in oil prices in the last two days and are turning their attention this Wednesday to the publication of corporate results for the first quarter in Europe and the United States. Stock markets in Europe opened higher and New York futures are advancing this morning.
In Brazil, after the holiday, when the exchange closed, the highlight should be the disclosure of federal tax collection in March, scheduled for 10:30 a.m. Brazil’s ADR 20 Titans index fell 3.3% the previous day, amid a sharp drop in oil. Take a look at the highlights:
1. Global grants
European stock markets opened higher and New York futures advanced this morning. After two days of red trading, caused by the sale of oil, the stock exchanges turn their attention to corporate results. In New York, Delta Airlines, AT&T and Biogen release first quarter balance sheets before NYSE opens. In Asia, markets closed with small gains, except for Tokyo.
The United States Senate on Tuesday approved a $ 484 billion package to help small and medium-sized businesses. According to CNBC, President Donald Trump will sanction the package tomorrow.
The number of people affected by coronavirus in the United States continues to grow and exceeded 820,000 this morning, according to data from Johns Hopkins University. The death toll from the disease in the United States exceeded 43,000. Worldwide, 2.5 million Covid-19 cases have been confirmed so far, with 176,000 deaths.
“This week, investors realize that even if the pandemic situation improves in the short term, the impacts on the economy are growing at an alarming rate. With no demand for two months, energy prices plummet as oil stocks soar, “Jim Paulsen, chief strategist at Leuthold Group, told CNBC.
In the commodities market, London brent fell to $ 16, the lowest level in nearly 21 years, amid the oversupply that brought WTI commodity futures below zero for the first time in story last Monday. , while WTI oil for June reached $ 11. However, the movement eased in the morning.
See the performance of the markets, at 7:31 am (Brasilia time):
New York
* S&P 500 Futures (US), + 1.24%
* Nasdaq Futuro (USA), + 1.28%
* Dow Jones Futures (US), + 1.16%
Europe
* Dax (Germany), + 1.10%
* FTSE (UK), + 1.52%
* CAC 40 (France), + 0.64%
* FTSE MIB (Italy), + 1.50%
Asia
* Nikkei (Japan), -0.74% (closed)
* Kospi (South Korea), + 0.89% (closed)
* Hang Seng (Hong Kong), + 0.42% (closed)
* Shanghai (China), + 0.60% (closed)
* WTI Oil, -2.94%, at $ 11.23 per barrel
* Brent Oil, -0.78%, at $ 19.18 per barrel
** The iron ore futures traded on the Dalian exchange closed with an increase of 1.16%, quoted at 613,000 yuan, equivalent to US $ 86.55 (in the last 24 hours). USD / CNY = 7.0822 (+ 0.14%)
* Bitcoin, $ 6,963.04 + 1.04%
2. Holiday ADR performance
The Brazilian stock exchange did not open last Tuesday due to the Tiradentes holiday. As a parameter, the Dow Jones Brazil Titans 20 ADR closed with a 3.31% drop, at 11,736 points, in a significant drop on the New York Stock Exchange (NYSE), after the bad mood seen in the US indices amid the unprecedented decline. of the price of oil. The EWZ iShares MSCI Brazil Capped ETF, which replicates the Ibovespa in dollars, lost 3.21% to $ 24.12.
Among the shares of the companies that make up the ADR index, the companies most impacted by the coronavirus registered the most significant losses, as in the case of Gol (GOLL4), with a decrease of 9.56%, and Azul (AZUL4), with a decrease of 8.57%. No stocks in Brazil’s Titanes 20 index were bullish, with Ambev (ABEV3) declining less expressively, 0.45%.
Meanwhile, Petrobras shares (PETR3; PETR4) had losses, with assets equivalent to ON with losses of 3.51% and PN with a fall of 2.48%. Vale’s shares (VALE3) fell 2.50%.
Bank documents such as Santander Brasil (SANB11), Itaú Unibanco (ITUB4) and Bradesco (BBDC4) fell approximately 4%.
Check the performance of ADRs during the holidays and their respective weights in the Dow Jones Brazil Titans 20 ADR Index:
| Business | Variation | Index weight |
| Voucher | -2.50% | 13.47% |
| Itaú | -4.71% | 10.73% |
| Bradesco | -4.09% | 8.55% |
| Petrobras PBRA (preferred) | -2.48% | 7.20% |
| Telefônica Brasil | -3.51% | 7.03% |
| Ambev | -0.45% | 5.36% |
| You know | -1.50% | 5.12% |
| Gerdau | -2.73% | 4.53% |
| Petrobras PBR (ordinary) | -3.51% | 4.43% |
| BRF | -3.62% | 4.24% |
| Ultra torque | -2.99% | 3.88% |
| TIM Participates | -1.83% | 3.77% |
| Bread of sugar | -2.21% | 3.70% |
| Cemig | -3.70% | 3.53% |
| Santander Brazil | -4.13% | 3.48% |
| Eletrobras | -5.79% | 2.97% |
| Embraer | -7.13% | 2.22% |
| Copel | -2.97% | 2.1% |
| CSN | -1.50% | 1.66% |
| blue | -9.56% | 1.43% |
| Goal | -8.57% | 0.56% |
3. Economic agenda
Federal tax collection and social security contributions must have reached R $ 111.2 billion in March, according to a median estimate in a Bloomberg survey. The figures may be the first to show the impact of the coronavirus crisis, which hit China in December and registered its first cases in Brazil in February. The IRS publishes the indicator at 10:30 a.m. and comment on performance at the virtual press conference at 11:00 a.m.
The Central Bank, on the other hand, offers up to 10,000 foreign exchange contracts for reinvestment, from 11:30 a.m. at 11:40 a.m. The BC also reveals the weekly exchange rate at 2:30 pm.
4. Political news
On Wednesday, the state government must announce a gradual plan to reopen São Paulo’s economy, and its implementation will begin on May 11. When the quarantine was extended last week, the covid-19 crisis management committee began to focus on a plan to establish which sectors and regions of the State of São Paulo could gradually operate again.
Doria told the Folha de S. Paulo newspaper that he will not give details of the plan until May 8. “We are going to follow in the footsteps of science,” he said. When asked about the vote given to Bolsonaro in 2018, Doria expressed his regret: “He did not have the possibility of having a president who could behave so irresponsibly, so damned.”
The political world is already watching the elections for the presidency of the Chamber of Deputies. According to Estadão, behind the scenes, President Jair Bolsonaro is moving to promote the campaign of the deputy Marcos Pereira (SP) in this dispute, scheduled for February 2021.
Still on the radar, Minister Alexandre de Moraes, of the Federal Supreme Court (STF), authorized the opening of an investigation into the protests held on April 19, last Sunday, in favor of a military coup in Brazil, according to the Folha de S Paulo and O Globo newspapers. President Jair Bolsonaro, who was in one of them in Brasilia (DF), is not being investigated, but could become a target if there is evidence that he helped organize the events, which also took place in São Paulo and Rio de Janeiro. According to Moraes, the act of 19 “is proving to be extremely serious, since it is an attack against the Democratic State of Brazilian Law and its republican institutions.” It is worth noting that the request to open the investigations was made on Monday by the Attorney General of the Republic, Augusto Aras.
5. Corporate news
Eneva’s Board of Directors decided to end the negotiations on the Merger Proposal with AES Tietê, despite the fact that it remained in force from March 1, unchanged, even in view of the impacts on the financial and capital markets resulting from COVID -19, according to a statement. Eneva says that “the transaction should not continue, at that time, amid a probable dispute over the rights of shareholders who own AES Tietê preferred shares and the interests of the
controlling shareholder of that company.
AES Tietê informed CVM yesterday that it “is not aware” of the content of an article published on the Exame magazine website, which stated that the company’s headquarters in the United States plans to buy BNDES’s stake in the Brazilian company. . BNDES currently owns a 28.41% stake in AES Tietê, an amount corresponding to R $ 1.8 billion, according to information from the state bank.
Attention to changes in Boards of Directors. Michael Klein will resign as chairman of the board of directors of Via Varejo (VVAR3), the company said Monday night.
Reinsurer IRB Brasil Re (IRBR3) also announced changes. Based on the resignation of executives appointed by the company’s shareholders such as Bradesco and Itaú Unibanco, with the help of consulting firm Korn Ferry, he selected new members, including former S&P Regina Nunes, as well as specialists in the areas of insurance, accounting and corporate governance. .
Energisa, on the other hand, postponed R $ 500 million in investments planned for 2020. Anima announced yesterday that it will hold its ordinary and extraordinary general meetings on April 29 only by digital means. It will be the first company in Brazil to use the resource, without physical assemblies, due to the Covid-19 epidemic.
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