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SÃO PAULO – The year began in a climate of euphoria for the Brazilian Stock Exchange, with the firing by the Ibovespa of its historical maxims the day before. On Thursday, however, Apple's announcement of lowering its revenue forecast challenges B3's optimism with Jair Bolsonaro's new economic team and the future Ibovespa will make a profit.
At 9:34, the future Ibovespa fell by 0.98% to 90,695 points. The dollar futures maturing in February 2019 were up 0.49% to R $ 3,809 and the commercial dollar fell by 0.11% to R $ 3,804.
Throughout the day, the market closely follows the indications that the name of government must give after the meetings of Bolsonaro and his ministers.
The news of yesterday, that the PSL will support the re-election of Rodrigo Maia (DEM-RJ) to the presidency of the Chamber of Deputies, tends to be doubly important for the market. On the one hand, it guarantees a broader path for promoting a more liberal economic agenda in the House. On the other hand, it leaves a lot of time and energy to the government's political wing to focus on the Senate elections, where the scenario is still unclear and where the PSL party will not be as bulky.
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However, leftist parliamentarians who supported Maia began to sew an opposition candidacy after the PSL's support to the current mayor. One of the PSL's wings is also showing resistance to support Maia.
The Ibovespa Futuro is a good thermometer indicating the course of the session but does not always adequately predict the movements of the purse to the opening bell.
World Stock Exchanges
Asian stock exchanges have closed again against concerns about China's growth. According to the badessment, the economic supports announced by the People's Bank are not enough to ensure the slowdown in the country's growth.
European stock markets fall back after Apple reduced its revenue outlook for the first time in nearly 20 years, due to deceleration of the Chinese economy. The news also drives down the US futures index, which drops to 2.6%. Apple lost $ 56 billion in market value before the opening of the negotiations
In addition, the publication of indicators, highlighting the fact that the ADP reporting the number of $ 39 billion was Jobs created in the private sector, should bring volatility to Wall Street.
Bolsonaro meets with ministers
Two days after taking office, President Jair Bolsonaro will hold the first ministerial meeting with his team. He marked the conversation with the 22 ministers at 9 am (from Brasilia). According to Onyx Lorenzoni, head of the Civil House, the first actions of the government will be discussed.
According to the head of the General Secretariat of the Presidency of the Republic, Gustavo Bebianno, the pension reform project presented in the administration Michel La Fear should be re-evaluated. The Minister of Economy, Paulo Guedes, said that he would focus his actions on four pillars: the opening of the economy, the simplification of taxes, privatization and pension reform , accompanied by the decentralization of resources to states and municipalities
At 14:00, meeting in Bolsonaro with the Director General of the World Trade Organization (WTO), the ambbadador of Brazil, Roberto Azevêdo . In office five years ago, the diplomat was re-elected in 2017 – unanimously – to remain in office until 2021. Bolsonaro said that he was planning to 39 expand Brazil's trade with the United States, Israel and neighboring countries.
Economic Program
The agenda is exhausted on the domestic market, while the United States unveils a significant number of their economy. At 11:15 (from Brasilia), we will know the figures of the ADP, which measure the number of non-rural workers employed, in December. Bloomberg's median estimate is 180,000 compared to 179,000 in November. The number gives clues to the report on employment, which will be known tomorrow.
At 11:30 am, unemployment insurance claims submitted in the week to December 29 will be published.
New Politics
The new government is studying the increase in the income tax rate for the highest tax brackets, said the Special Secretary of Revenue. Federal, Marcos Cintra.
In addition to raising the tax rate of the wealthiest, Cintra said it was possible to reduce lower income and expand the range of exemption. He stressed, however, that the magnitude of the benefits would depend on the fiscal adjustment that the government could achieve because the government's money could not be compromised.
Other areas have already put forward more advanced projects. The Secretary for Productivity, Employment and Competitiveness, Carlos da Costa, said he is ready to announce a dozen measures only in his region. According to Costa, the measures taken by his secretary have already been evaluated by Guedes, but they also depend on the approval of President Jair Bolsonaro.
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After the PSL has expressed its support for Rodrigo Maia, the news of this fifth show the reactions of the parties against the successes won in Congress in favor of the current mayor of the reelection and Major Olimpio to the presidency of the Senate. According to the leader of the MDB in the Senate, Simone Tebet, the party can re-evaluate the position on Bolsonaro if PSL launches Olympio, which would be a mistake likely to compromise the governance. For the senator, who is also considered a candidate, the MDB has the right to appoint the president of the chamber to have the largest bench.
Company Information
The inauguration ceremony of the new president of Petrobras Roberto Castello Branco, takes place today at 4 pm. The other president, Fernando Bezerra, said the Senate was a priority for the party. The arrival of the leader intervenes while waiting for changes in the company's command. Still on the company's radar, the state-owned company cut the average price of gasoline for refineries by 2.73%: from R $ 1.5087 to R $ 1.4675. BRF yesterday concluded the sale of 91.89% of its Argentine unit QuickFood to Marfrig for a value of 60 million US dollars. According to the company, this measure is part of the plan to accelerate its financial deleveraging. In a statement, BRF announced that the sale of the property and equipment of the Várzea Grande unit, also involved in the transaction for an amount of 100 million rand, was still pending verification of previous conditions.
] approved the two-year term of the new president, Luiz Fernando Fogaça, and could be re-elected.
Bradesco BBI downgraded Lopes Real Estate Counsel from "outperform" to "neutral", with a high price target of R $ 5 to R $ 7, which implies a potential maximum of 11% compared to the last fence.
Cemig had recommended that his ADR be lowered by Goldman Sachs, from & # 39; neutral to & # 39; sell & # 39; The target price has risen from $ 2.20 to $ 3, which implies a negative valuation of 19% over the closing of the last trading session.
A United ex Locamerica
The board of directors of the company did not approve the offer presented by AES Tietê for the acquisition of the wind power complex Alto Sertão. III and about 1.1 GW in the development of wind projects.
Logum, a company controlled by Petrobras Raízen, Copersucar and Uniduto, subcontracted to the (19459008) Petrobras National Bank for Economic and Social Development) will finance 1.8 billion Rands to extend its pipeline and its ethanol storage infrastructure, according to the newspaper Valor Econômico.
Become a partner of the largest companies on the stock market with ZERO RATE brokerage! Click here and open a Clear account! Suzano and Fibria announced an adjustment of the stock exchange ratio following the merger of companies announced last year. The exchange rate of shares held by Fibria shareholders against Suzano shares was adjusted from 0.4611 to 0.4613 shares. According to a statement, the adjustment is due to the change in the total number of ex-treasury shares of Fibria and the non-compliance with the stock resulting from the stock option plans.
(With Agência Brasil and Agência Estado)
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