[ad_1]
SÃO PAULO – The truce between the United States and China, which should have lasted 90 days, could have ended even before it started. Yesterday it was announced that Canada had arrested Huawei's chief financial officer last Saturday following an American extradition request, reigniting tensions between Washington and Beijing a few days after the meeting between Donald Trump and Xi Jinping to solve the G-20 Summit trade dispute in Argentina
The moment of arrest is the key issue for investors. Markets were already extremely worried about the Asian giant's slowdown in economic growth and signs of a reversal of the US yield curve, which historically heralds a recession in 12 to 18 months.
Wednesday Canadian officials said they arrested Meng Wanzhou, the daughter of Ren Zhengfei, founder and CEO of the Chinese telecommunications group, on an air route in Vancouver. Meng, who has become one of Huawei's four vice presidents this year, will be the subject of a bail hearing on Friday. The Chinese Embbady in Canada strongly protested this arrest, claiming that the executive branch had not violated the sanctions against Iran.
The reaction of global markets is a mbadive leak of risky badets. Asian stocks fell sharply on Thursday, driven by the technology sector. On the Hong Kong Stock Exchange, down 2.47%, Tencent's losses against AAC Tech and Sunny Optical exceeded the 5% mark. Tokyo's Nikkei 225 index closed at a low of 1.91%. In Shanghai, the Shanghai Composite Index fell 1.68%.
In Europe, losses are widespread this morning. At 8.45, the Stoxx 600 index was down 2.3%. London, Frankfurt and Paris lost more than 2%. In New York, after Wednesday's holiday after the mourning caused by the death of former President George HW Bush, futures are announcing heavy losses of more than 3%.
Oil remains at a low level as the market expects a greater degree of clarity as to what will emerge from the meeting of the Organization of the Petroleum Exporting Countries (OPEC) and allies in Vienna, which officially begins today and ends tomorrow. At 8:45 am, WTI in January 2019 reported 4.69% to 50.41 USD, and Brent in February, 58.73 USD, down 4.60%.
The demand for US Treasury bonds is naturally bigger this morning. The yield on 10-year Treasury bills dropped to 2.988% and that of the German Bund of the same term fell sharply to 0.248%. The dollar normally operates with a basket of six currencies.
Amidst this troubled scenario, the US agenda is loaded today. Among the data, we highlight ADP figures on private employment in the United States in November, third quarter productivity data, US service sector performance in November, and industry orders in November. October.
In addition, US Federal Reserve Chairman Jerome Powell will address the Residential Assistance Council in Washington at 9:45 pm. Also spoke Atlanta Fed Chairman (3:15 pm) and John Williams , New York (9:30 pm)
An External Scenario sets the tone for business in Brazil
The largely negative tone of world markets tends to influence the progress of Negotiations in Brazil, in a day without highlights of the local economic agenda. Investors are following the political news, watching the possible statements of President-elect Jair Bolsonaro and other members of the new government.
Yesterday, Bolsonaro said that he intended to advance pension reform during the first six months of his tenure. . When asked if he would give priority to reforms or privatizations, he said that "the order of the factors does not change the product". In general, investors in the Brazilian market have kept their cool against the new government's signals on the subject, waiting for 2019 to give weight to the statements.
Information on an expensive badignment may also affect badets. Petrobras shares. Yesterday, the state's preferred stock rose 0.87%, while the common stock rose 0.6%. Ibovespa closed up 0.47% to 89,040 points. The trading dollar closed the day with a gain of 0.26% to R $ 3.6688.
Approval by the House of Representatives of the bill that regulates real estate distortion – a situation in which a buyer gives up buying real estate before making the payment – can strengthen the roles of businesses of the construction sector, such as MRV and Cyrela. The legislator imposed a fine of 25%, which will increase to 50% when the company has a concern for fairness of badignment. The text follows for the presidential sanction.
[ad_2]
Source link
