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1. With a negative exterior, Ibovespa in sight retreats
The negative tone prevailed this Monday (21) on the São Paulo Stock Exchange, contaminated by risk aversion in global markets, amid concerns about the possibility of new blockages due to the increase in cases of COVID-19, Inter alia.
Around 1:30 pm, the Ibovespa fell 1.63% to 96,685.83 points.
The news that some banks abroad have handled large sums of allegedly illicit funds in the past two decades also added pressure to Europe and American futures.
U.S U.SThe S&P 500 was down 2.2%, while the London FTSE 100 index was down more than 3.15%. Prices of Petroleum also fell back, just as the future of iron ore fell into the China.
The week in the Brazilian stock market also begins with the expiration of stock options, while the corporate scenario includes an announcement of CSN what did you approve of doing IPO your mining unit.
2. Experts raise the inflation outlook in 2020 for the sixth time, to 1.99%
The market raised expectations again for the inflation this year amid renewed concerns about rising prices, while improving prospects for economy, according to the Focus survey published by central bank on this monday.
The weekly survey noted that the expectation for IPCA in 2020 it is now 1.99%, compared to 1.94% the previous week and the target of 4%, with a margin of tolerance of 1.5 percentage points more or less. It was the sixth consecutive week that the projection increased.
The General Price Indices (IGP) have been showing a strong jump in wholesale prices, which worries the market in general, pending the reaction of the Central Bank, which this Tuesday will release the minutes of its last monetary policy meeting. .
3. Deutsche Bank Says Global GDP Is Expected To Reach Pre-Covid Levels By Mid-2021
World economic production will return to pre-pandemic levels in mid-2021, following a stronger-than-expected economic recovery in recent months, said the German bank this Monday (21), but debt levels have risen and a change in monetary policies may increase the risk of a financial crisis.
“The global economic recovery from the depths of the Covid-19 crisis … has progressed significantly faster than we imagine,” wrote Peter Hooper, Deutsche’s global head of economic research, in a note to clients.
“As the third quarter draws to a close, we estimate that the level of START it has returned to about half its pre-virus level, and we now see that journey to be completed by the middle of next year, a few quarters ahead of our previous forecast. “
Deutsche Bank raised its forecast for world GDP, expecting a 3.9% contraction this year, after forecasting a 5.9% loss in May 2020. For 2021, Deutsche increased its growth forecast by 5.3 % to 5.6%.
4. Vulcabras signs an agreement with Alpargatas to buy the Mizuno operation in Brazil
A Vulcabras (VULC3) closed an agreement with Espadrilles (ALPA3) for the purchase of the business unit related to the operation of the ‘Mizuno’ brand in Brazil, for which it will pay 32.5 million reais, according to relevant data from the two companies.
The unit comprises the assets (excluding industrial) and the marketing activities of Mizuno products (including e-commerce and stores operated exclusively under the brand), as well as the contractual relationship with Mizuno Corporation.
The payment structure establishes that the accounts receivable will not be transferred to Vulcabras, while Vulcabras will pay the estimated amount of 32.5 million reais, of which 10 million reais until the closing of the transaction and the remaining amount within 5 business days. after determining the final value, adjusted by the inventory to be calculated at the time of closing the deal.
“The closing of the transaction is subject to the fulfillment of certain conditions precedent, including the segregation of said business unit into a new company, the signing between Vulcabras and Mizuno Corporation of a distribution agreement and the approval of the transaction with the Brazilian defense. Competition, and it will only happen after compliance with these, ”said Alpargatas.
5. Industry confidence in Brazil should rise to its highest level since 2013 in September, says FGV
The confidence of the Brazilian industry should advance in September and register the highest level in more than seven years due to the improvements in the prospects of entrepreneurs, said the Getulio Vargas Foundation (FGV) on this Monday,
The confidence index preview of Industry (ICI) for September indicates an advance of 7.2 points, to 105.9 points, a result that, if confirmed, would be the highest since January 2013.
According to FGV, “the growth in confidence in this progress is due both to the positive assessment of the entrepreneurs in relation to the present and to optimism for the coming months”.
The Current Situation Index rose 8.9 points in this month’s preview, to 106.7 points, while the Expectations Index advanced 5.5 points, to 105.1 points.
