Ibovespa up 2% for the third consecutive week after the rise and signs of reform

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SÃO PAULO – On this day marked by caution and heat on the markets, the Ibovespa closed the stability of eyes on the external scene with the closing of markets in the United States, the Brexit and the China. Here, investors are also interested in information on pension reform and government approval of the joint venture between Embraer and Boeing.

The Ibovespa closed with a slight decrease of 0.16%. , at 93,658 points, ending the week with cumulative gains of 1.98% and reaching its third consecutive weekly summit. The financial volume of this session was R $ 14.871 billion.

The dollar denominated futures contract in February was stable at R $ 3,715 while the commercial dollar was up 0.15% at R $. $ 3,7145 on sale. Future interest rates have fallen lower. The contracts due in January 2021 fell by 2 basis points to 7.44% and the contracts from January 2023 by 2 points to 8.47%.

On the domestic market, the Plbadto Palace issued a note informing that Bolsonaro will not exercise the right of veto to which it is entitled in commerce between Embraer and the US Boeing. The note explains that the President has been informed that the final proposal of the agreement "preserves sovereignty and national interests" and, therefore, will not exercise a veto.

In a note, Embraer and Boeing said that the approval of the Brazilian government is welcome and the operation will allow it to accelerate its growth in the global aerospace markets. The companies estimate that the transaction should be finalized by the end of 2019.

The economic diary of the day indicates that the IPCA (National Consumer Price Index Extended) index , which measures the official inflation of the country, recorded an increase of 3.75. % in 2018, within the limits of the target set by the federal government for the year, which was 4.5% with a margin of 1.5 percentage points up or down.

Invest with the help of the best advice in Brazil: open an account under XP – it's free! the Bovespa Index, were:

Code Active Cot R $ % Day % Year Flight 1
SKY3 CIELO ON [19659016]] B2T DIGITAL ON 45.08 -3.05 +7.28 127.62M
GOAU4 GERDAU MET PN 7.34 -2.39 +5.76 114.18M
GGBR4 GERDAU PN 15.22 -2.37 +2.70 444.86M
LREN3 ] LOJAS RENNERON 41.71 – The highest increases, among the publications comprising the Bovespa Index, are as follows:

Code Assets Cot R $ 19659013]% day
GOLN GOL, PN No. 2 24.96 +7.35 -0.56 . ] HYPER HYPERA ON 32.98 +6.73 +9.21 131.65M
SBSP3 SABESP ON 39.49 ]] +4.39 +25.37 214.64M
QUAL3 QUALICORP ON 14.20 +3.80 +10.16 The actions The most traded shares, among which the most traded shares, are the most traded shares and the most traded shares, among which the most traded shares are exchanged. are part of the Bovespa index, were:

PETR4 PETROBRAS PN N2 24.99 -1.07 1.35B 1.89B 87.614
ABEV3 AMBEV N / A ON 17.29 +2.61 1.26B 296.45M [1 9659097] 82.408

M – Millions | B – Billion) IBOVESPA

Global Equity

Asian equity markets closed higher as a result of the improvement in the US market during the trading session. Yesterday with the increase in risk appetite, even medium concerns about the closure and the Chinese economic downturn. In addition, the United States and China will continue trade negotiations at the end of the month, which has helped the market.

On the other hand, the United States and China will continue trade negotiations at the end of the month. Chinese Vice Premier Liu He plans to travel to Washington to meet US Trade Representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin to resume trade talks between the two largest economies. around the world on January 30th and 31st. According to sources quoted by Dow Jones Newswires,

European equity markets are close to stability in Brexit discussions, but they are in line with the global mood.

It is to be feared that the current closure, which is now in its twenty-first day, will continue despite the stalemate that remains between Democrats and President Donald Trump, who calls for funding a wall at the border Mexican.

In the absence of a solution, Trump cancels his trip to Davos, scheduled for January 22, for the opening of the World Economic Forum. The US president used his account on Twitter to give Democrats their absence during this event.

Oil prices rise for the tenth day in a row, leaving aside worries about global economic prospects and expected production cuts

Social Security Reform

In order to "disengage" from Brazilian rules with regard to pensions, the government wants to include transitional rules for certain points in the pension reform proposal. According to the newspaper O Estado de S. Paulo, the idea is to establish these norms by leaving a command so that they can be modified in the future by bills, without requiring a new change in the Constitution.

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The capitalization scheme provided for in the pension reform should include a system of individual accounts similar to that of the direct Treasury, reports the newspaper Economic Value. One of the sources of inspiration for the proposal to the government is an academic text that defends the creation of the so-called PIA (individual savings for retirement).

The idea is that, instead of the fund system managed by open and closed provident entities, resources are kept in individual accounts, moved to a platform similar to Direct Treasury, in which citizens invest in government bonds.

The academic text was written by economists Abraham and Arthur Weintraub, current Minister of the Civil House, Onyx Lorenzoni, and by Professor Giuseppe Ludovico of the University of Milan.

According to the newspaper O Estado de S. Paulo, it should only apply to the capitalization system studied by the government. The economic team has not yet closed the cutoff point, but the advantage of this model is that it reduces the cost of the transition because it avoids significant collection losses that would occur if all new workers migrated and contributed only to the new model.

The capitalization is a scheme in which the insured contributes to an individual account that will be paid and used to pay the benefits. Today, Brazil is adopting the distribution system, in which the contributions paid by workers and employers help pay the benefits of retirees already in retirement.

Dispute in Brasilia

The connection Brasilia this week welcomes the political badyst Ricardo Ribeiro, of MCM Consultores. On the agenda, the conflict over the presidencies of the Chamber of Deputies and the Federal Senate, the signs and discrepancies between Jair Bolsonaro's base forces on social security reform and the balance of the first 10 days of the new government. The show is broadcast live from 14:45 Brasilia ) on InfoMoney's Facebook page and on InfoMoney TV.

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VALE3 VALE ON 52.38 -1.36 652.56M 1.09 30.921
ITUB4 ] ITAUUNIBANCOPN ED 37.60 -0.61 512.14M [19659070] 716.09M 40.288
BBDC4 BRADESCO PN EJ [50 -0.65 448.40M 612.92M 38,510
GGBR4 GERDAU PN 15.22 -2.37 444.86M 171.29M 36.459
EMBR3 EMBRAER ON 21.53 +2.57 409.40M 80.18M ITSA4 ITAUSA PN 12.80 -1.23 384.95M 296.39M 50,519
CIEL3 CIAT ON 10.71 -3.43 ] 347.64M 121.62M 51.734
BBAS3 BRAZIL L 48.70 +0.41