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SAO PAULO – The Ibovespa has accelerated its losses in the last part of the trading session on Wednesday (6) after the announcement of the Vale (VALE3) lost its authorization to the exploitation of the Laranjeiras dam, essential for the production of the Brucutu mine.
Thus, at 17:27 (Brasilia time), the Ibovespa fell by 3.21%, to 95 155 points. If this decline continues, it will be the worst trading session of the Brazilian stock since July 17, 2018, when it fell 3.37%.
At the same time, the dollar contract maturing in March rose by 0.97% to R $ 3,709, while the commercial dollar closed with a valuation of 1.09%, valued at R $ 3.7065 in the sale. .
TRF-1 (Federal Regional Court of the 1st Region) dismissed the appeal of Vale, which had requested to resume operations at the Onça Puma mine and mill, in the south of Pará, among the measures imposed by the Court, including the paralysis of mining exploration activities until Vale fulfills its socio-environmental obligations.
that the government should send a new PEC (proposed constitutional amendment) to the social security reform, that is to say that it will not benefit from the project of the former president Michel Temer, he aggravated the mood of investors, who see a delay procedure.
"The government admits the reform should be broader than that of Temer and Guedes expects an impact of $ 1 trillion in 15 years, but the differences between him and Bolsonaro on age minimum should make the final proposal more lenient than the preliminary draft ""
It should also be noted that Federal Judge Gabriela Hardt sentenced former President Luiz Inacio Lula da Silva to 12 years and 11 months for pbadive bribery and money laundering in criminal action
In the domestic scenario, Copom's decision – which should maintain the basic interest at 6.50% – should be Obviously, with special attention to the messages that the Central Bank will be able to send its communiqué on the orientations of monetary policy in the coming months.
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"A good part of the market is already working with the scenario of the maintenance of interest and some big names in the market are already starting to see possible Given the expectations, the contract maturing in January 2021 rose 2 basis points to 7.02%, while that of January 2023 increased 8 points, or 8.14%
In the United States, President Donald Trump insists on the construction of 39, a wall on the Mexican border.It should be recalled that the issue was at the origin of the biggest stop in the history of this country at the beginning of this year and that this judgment could be resumed in February there is no agreement on the budget in Congress, which does not want to release funds for the wall
Highlights of the shares
In conclusion, Vale declared force major – an instrument invoked when one of the parties can not comply with an agreement anticipating an unforeseen event – in a series of contracts for the sale of ore and iron pellets [19659004] This announcement comes as a result of a court decision on the eve of the stop of the dams in Minas Gerais, which had an impact on the production of the Brucutu mine – the second largest mine in the company. The company has not reported the volume of contracts affected by a case of force majeure.
Vale also reiterated that there was no technical basis or risk badessment that would justify the decision to suspend the transaction and took the appropriate legal steps to resume operations as soon as possible.
On Monday, the miner reported that the estimated impact of the temporary shutdown of the Laranjeiras dam at the Brucutu mine (Minas complex in the center) is estimated at about 30 million tons of iron ore per year [19659004] The O Globo newspaper reports that after the Brumadinho tragedy, the government should postpone the early renewal of the contract of two railways managed by Vale. The intent of the economic team is not to "contaminate" the concession renewal process, which expires in 2027, with the disaster.
The largest casualties among the actions that make up the Ibovespa are:
| Code [19659021] | % | % Year | % | % | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | ||||||||||||||
| CIEL3 | CIELO ON | 53 | MRFG3 | MARFRIG ON | 6.29 | BRASIL ON | 51.51 | 19659028] +10.80 | US $ 687.98 M | |||||
| CCRO3 | CCR SA ON | 13.95 | -5.68 +24.55 | VVAR3 | VIAVAREJO ON | 5.33 | +21.41 | 125.47M |
The highest increases among the shares comprising the Ibovespa are as follows:
| Code | Active | Cot R $ | % Day | % Year | ] Flight 1 |
|---|---|---|---|---|---|
| SUZB3 | SUZANO PAPELON | 47.56 | +0.57 | – [Mille mille actions] M – Millions |
The US indexes show a slight decline after Donald Trump's expected speech in the state of the Union and the expectation of several balance sheets from companies such as General Motors, Toyota and Spotify. European stock markets are down sharply, echoing Trump's discourse and disappointment over German order data and worse-than-expected trade-offs. In front of the Congress, Trump called for an agreement to overcome the closure, but insisted on the need to build a wall on the border with Mexico, exactly the subject that provoked differences between members of Congress. In Asia, the Chinese and Hong Kong Stock Exchanges remain closed this week due to the Lunar New Year. Crude oil prices fell due to fears of global economic growth and iron ore prices rose as a result of Vale's decision to suspend its contracts for reasons of force majeure. Pension ReformThe Minister of Economy, Paulo Guedes, said yesterday that the government's proposal on pension reform provided for a saving of at least R $ 1 trillion on a period of three years. 10 years The statement was made at a press conference alongside the President of the Chamber of Deputies, Rodrigo Maia. The two men met in Guedes' office to discuss the reform process and Maia even said that the issue could be put to the vote of the deputies until May. "The idea is that it reaches at least $ 1 trillion. [de economia de gastos] We simulate it with 15 years, with 20, with 10. The $ 1 trillion value of R $ is out of 10 years, but there are simulations in which it is 1,000 billion R in 15 years also, of current value is calibrated, "said the minister. He criticized the current social security system, which he says exacerbates social inequalities and contributes to unemployment. Asked about the introduction of a single minimum age for men and women aged 65, according to the press disclosed in the second. According to Maia, the government intends to get 320 to 330 votes to approve reform in the House in two (2), which is one of the government's proposals. Guedes stressed that the final decision was incumbent on the President of the Republic. month. The Speaker of the House said that it was possible to approve the reform until May and that the Senate would approve it in June or July, if the Allied base was set. Political NewsIt was published this morning in the Official Journal. from the Union, the exoneration of the Minister of Tourism, Marcelo Álvaro Antônio. The decree is signed by President Jair Bolsonaro. The newspaper Folha de S.Paulo reports Marcelo Antônio as part of an irregular scheme to present candidates "orange" in elections and thus divert electoral funds from the party fund, benefiting from the system Reelected by Minas Gerais, Marcelo Antônio was the most voted federal deputy of the state. He denied any irregularity two days ago on his Twitter account. The Senate will meet in the afternoon to elect the ten vacant positions of the board of directors. Senate Speaker Davi Alcolumbre (DEM) has reached an agreement with the parties so that the PSDB and the president can be chaired by vice presidencies, the PSD, the MDB and the PSL. the agreement is concluded, the election of the Bureau will be by a single vote, unlike the election of the President who requested two sessions and even had it canceled. If there is no agreement, the vote will be charged per charge. In addition to the division of posts in the presidential council, the command of the standing committees and joint committees of the Congress is also at stake. The PSDB and the BMD have an interest in chairing the Constitution, Justice and Citizenship (CCJ) Commission, considered the most important because it is here that the legislative proposals begin. On atypical financial moves involving Senator Flávio Bolsonaro (PSL), Prosecutor Claudio Calo, of the Public Prosecutor's Office of the State of Rio de Janeiro, gave up conducting the investigation. According to him, the decision was made after "deep legal thinking". In a note, the prosecutor stated that "legally" understood that the investigation was to be conducted by the Criminal Investigation Bureau of Tabelar criminal. "It's not a decline in attribution because the badignment, as we know, belongs to the 24th PIP, but it's a personal matter" said the promoter in a note. [ad_2]Source link Related Articles |
