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SÃO PAULO – Monday continues the decline in global stock markets in the face of new fears of increasing tensions between the United States and China and after data below forecasts for the Chinese economy. Elected President, Jair Bolsonaro, will graduate from the TSE today, while this weekend he was defining the Esplanade of Ministries as the new name for the environment. Discover the highlights of this second and of the week:
1. Global Stock Exchanges
The week begins again with a fall in the main world markets. While major US futures declined by around 0.3%, Asian stocks fell again on Monday, after a further tumble in New York during the last session and weak data. which has been predicted from the Chinese trade balance.
The recession is widespread and could lead to escalation of the trade war after the Chinese Vice Chancellor's protest against Huawei's arrest of the executive. It should be noted that during the weekend, official data showed that the trade dispute between the United States and China was damaging to the Asian giant's trade. In November, Chinese exports and imports grew much less than expected, with annual gains of 5.4% and 3%, respectively.
China's inflation indicators have also been released. The annual rate of consumption inflation was reduced from 2.5% in October to 2.2% in November, while that of producers reached 3.3% to 2.7% in the same comparison. However, the biggest drop was in the Nikkei after disappointing figures in Japan's gross domestic product (GDP).
In the commodities market, Brent crude remains close to $ 62 after a 2.7% gain in the sixth after OPEC agreed to cut production and close the largest camp in Libya.
Check the market performance according to the 8:10 (GMT) quote:
* S & P 500 Futuro (USA) -0.31%
] * Dow Jones Futuro (US) -0.29%
* Nasdaq Futuro (United States) -0.35%
* DAX (Germany) -0.73%
* FTSE (United Kingdom) – FTSE MIB (Italy) -0.51%
* Hang Seng (Hong Kong) -1.19% (closed) * CAC-40 (France) -0.57%
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* Shanghai (China) -0.82% (closed)
* Nikkei (Japan) -2.12% (closed)
* Crude Oil -0.28%, to US $ 61, 50 per barrel
* WTI Oil -0.87%, to US $ 52.15 per barrel
* Bitcoin US $ 3,565.03 + 2.13%
R $ 13,595 + 2.22% (in the last 24 hours)
* Futures contracts on iron ore traded on the Chinese Stock Exchange of Dalian + 0.96%, to 474.00 yuan (in the last 24 hours)
2. Internal Agenda of the Week
The last meeting of the Copom (Monetary Policy Committee) of 2018 ends Wednesday (12), badysts expect that the rate of Selic be maintained at 6, 50% per year. .
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In the current scenario, after this week's IPCA recorded greater than expected deflation and in a lower employment data scenario in the United States, which reduces the chances of an increased tightening of the Federal Reserve's policy, we see that the market still displays a high Selic in 2019. On the other hand, some think that interest rates will remain stable over the next year.
It should also be noted that the monthly survey on trade and services for October should give the first signs of the pace of Brazilian activity in the last quarter of the year. For the GO Associates team, the extended retail trade is expected to decline by 1.1% over the month, while services should decrease by 0.3%. Both, however, should have earnings over the 12 months accumulated.
The fourth balance is the budget balance of last month. The week also includes, on Friday (14), trade sales figures, November's industrial output and the PMI of Markit services.
3. International Agenda of the Week
US investors will also be paying attention to consumer inflation indices on Tuesday (11) and consumer inflation on Wednesday (12).
In Europe, the ECB's decision is the culmination of Thursday.
4. New Politics
On Political Radar, the Supreme Electoral Tribunal holds a solemn diplomatic session of President-elect Jair Bolsonaro and his deputy, General Hamilton Mourão, at 4 pm
During the weekend, Bolsonaro appointed Minister of the Environment, Ricardo Salles, New Party and former Secretary of Government Alckmin. He closed the design of the 22 files with ministerial status.
The future Minister of the Economy, Paulo Guedes, announced six new names for his company. He worked for the right, adopting an effective management discourse, speed and simplicity in environmental policies and ideologization of the sector. staff members, including Marcelo Guaranys as Executive Secretary of the Ministry of Economy.
The evolution of the controversy over the COAF report also drew attention over the weekend. Bolsonaro stated that he may have been wrong not to report to the tax authorities a loan that he had agreed to, and that if he made a mistake, he would badume his responsibilities in a harmonious manner.
The $ 40,000 deposited in his wife's account was the payment of a loan, paid in 10 installments of R $ 4,000 each, Bolsonaro said. The financial guard COAF revealed a deposit made to his wife by a former badistant of the son of Bolsonaro, Flávio, according to the newspaper Estado de S. Paulo this week.
5. Business Information
For business radars, Bradesco will offer interest on additional capital of R $ 4.67 billion. The federal Attorney General's office is seeking a reversal of the injunction that prevents the merger between Embraer and Boeing. The O Globo newspaper reports that Petrobras is investigating an oil spill in Guanabara Bay
Guararapes claims a $ 1.17 billion R $ tax credit, while Omega Geração has concluded a $ 1.17 billion R $ tax credit. acquisition of 50% of the Pirapora complex for R $. 1.1 billion. Telefónica Brasil approved the purchase of up to 37.7 million shares.
The CCR approved the control measures at the end of a survey conducted by a committee. Finally, BR Distribuidora announced that Eletrobras had paid R75 million in debt with Ceron.
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(with the state agency and Bloomberg)
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