Ibovespa falls by 1% and loses the 80,000 points of view in the results; Dollar works at $ 3.74

SÃO PAULO – After a very positive start, scoring a maximum of 80,600 points, Ibovespa lost its strength soon after the opening of the US stock markets, accelerating the fall in the beginning of the year. Afternoon Thursday (26). Investor attention was split between the earnings season, as Vale (VALE3), Bradesco (BBDC4) and Ambev (ABEV3), and the fall of Petrobras shares (PETR4).

The Brazilian equity benchmark closed with losses of 1.01% to 79 405 points, after falling 1.42% at the bottom of the day. The financial volume was 11.679 billion reais. The dollar, once again, has been strong again after recent declines and with investors watching the electoral movements, with some research planned for the next few days. The US dollar rose 1.21% to 3.7468 reais on sale

On the positive side of the equities, Vale rose strongly after the release of its second quarter results, which were in line with market expectations. Shareholder net income of US $ 76 million, up 375% over the same period last year, compared with US $ 16 million, while EBITDA ( profit before interest, taxes, depreciation and amortization) was With the balance sheet, the miner announced the payment of compensation to shareholders of a total amount of 7.664 billion reais, equivalent to 1.48 reais per share. Of this amount, R $ 6.801 billion will be in the form of interest on capital and R $ 892.645 million in the form of dividends. According to Itaú BBA badysts, the miner's results have been solid and expect a positive reaction from the market.

Meanwhile, Bradesco falls sharply and pulls from other banks after generating a recurring profit of R $ 5, 16 billion, below market expectations of R $ 5.31 billion. Despite the weaker than expected result, partly for a higher than expected effective tax rate, badysts point to the quality of the figures, especially on credit, such as the reduction of the PDD guidelines (Allowance for bad debts). This year, from 19 to 16 billion reais, it will rise from 16 to 16 billion reais. However, it should be remembered that the newspaper rose yesterday as a result of the good results of Santander.

Finally, the most surprising figures and the most excited badysts have been Ambev, who suffered this year from declining revenues. The company's EBITDA exceeded market expectations by 4%, with beer (+ 1.7% y / y) and coolant (+ 1% y / y) growth above the expected level of growth. the Brazilian market despite the strike of truck drivers. In addition, cash generation increased by 45% over the second quarter of last year.

Petrobras Presses

At the same time as investors digest the results, Petrobras shares were among the highlights of the market meltdown and put pressure on the stock market. The state company lost to Carf (Administrative Council of Tax Appeals) most of a dispute with the IRS. It is not possible to know exactly how the 3.28 billion reais in the badessment were maintained by the 1st panel of the 4th chamber of the 1st section of the body.

The lawsuit covers the perception of the IRPJ and the social contribution on net income. The oil company did not however explain in which aspects the decision was favorable or unfavorable to the company. Petrobras also indicated that she was not informed of the content of the decision and that the appeal would be appropriate. "If this decision is upheld at the administrative level, it is also possible for the company to appeal to the courts to defend its rights." Of the stocks that make up the Bovespa Index, the biggest victims are :

The largest increases, among the papers that make up the Bovespa Index, were:

Code	Assets	Cot R $ [19659012]% Day	% Year	V 1
ABEV3	AMBEV N / A ON	19.89	+5.24	-5.42	651.92M
EQTL3	EQUATORIAL ON	61.15	+3.29	-5.23	191.17M
QUAL3	QUALICORP ON	19.97	+2.41	-33,23 [19659022] 58.22M
BRADSPAR PN	31.29	+2.05	+12.93	57.31M
VALE3	VALUE ON [Themost-traded-sharesbywhichtheyareincludedindexBovespawere: Code +2,03 +32.64 2.80B VALE ON VALE ON VALE ON VALE ON VALE SUR VALE ON ] +2.03 2.80B 661.56M 36.435 PETR4 PETROBRAS PN N2 19.41 -2.76 939, 95M 1.06B 30.637 BBDC4 ARM DESCO PN 30.56 652.51M 406.31M 31,972 ABEV3 AMBEV N / A ON 19 89 +5.24 651.92 M 236.01 M 35,502 [ 45 -3.34 218.41M [19659097] 348.88M 19,228 EQTL3 EQUATORIAL ON 61.15 +3.29 191 , 17M [19659084] 54.62M 8,907 PCAR4 P.ACUCAR-CBDPN 82.65 +0.99 158.43M 104.90M 12,190 SUZB3 MAGAZ LUIZA LAST 80 -0.90 130.52 M 1 K – Thousands | M – Million | B – Billion dollars IBOVESPA Underestimated indicators in the United States In the United States, orders and deliveries of durable goods to the United States. US industry grew 1% from May to June, while market badysts were expecting 3% growth, which shows that the US economy is not overheating. It should be remembered that next Friday (27) will be released the first overview of GDP for the first quarter. In Europe, we had the meeting of the ECB (European Central Bank) and, with the expected monetary authority, the interest was kept in the level of zero, as the end of the program of restart in December. Shortly after the meeting, President Mario Draghi said that the euro zone economy was "on a steady pace", giving badurance that the target of nearly 2% Inflation will be achieved. However, he reiterated that the ECB was ready to make adjustments to its monetary policy, if necessary, to achieve this goal. Support of the Center at Alckmin The parties of the "Centrão" announcement of the alliance Thursday for the elections of 2018. The announcement will take place in Brasília at 10 am and the presidents of PP, PR , PRB, DEM and SD will participate in the event. The presidents of the parties of the group met last night to decide terms of the alliance with the leaders of the PSDB. Also on the electoral news, Valor Econômico informs that the presidential candidate of the Network, Marina Silva, negotiates with PV, Pros and PHS before placing the vice of the plate. Folha, meanwhile, says that the former senator has conversations with the PDT candidate Ciro Gomes, but it is unlikely to form an alliance. In an interview with Folha on the eve of the Centrão to formalize support for Alckmin, the mayor, Rodrigo Maia (DEM-RJ), said the PSDB will not be hegemonic and toucans will have to give more money. space at the alliance. "This is not a Geraldo, PSDB election, it's a Geraldo election on a clear agenda," he told Folha. "The PSDB will have to understand that other forces now have more power than they did when the PSDB was the government and the opposition," he adds. He denied that the bloc had discussed the distribution of posts in a possible PSDB government, but warned that the toucan should "know how to divide the spaces of power." Meanwhile, without being able to sew alliances, presidential candidate Jair Bolsonaro PSL) is betting on some sort of "B electoral calendar" to try to get around the short time that he will have free publicity this year, says Folha. The plan of his strategists is to put him to talk in social networks at the same time of the two blocks of 25 minutes of free advertising daily. He can make live or recorded tickets. Do you want to invest in stocks that pay only R $ 0.80 brokerage? Click here and open your account on Clear [ad_2] Source link Share Facebook Twitter LinkedIn Pinterest Related Articles Felipe Pires is pleased with his performances: "My best match so far" – Sports The dollar has a fourth trading session followed by a high and close at R $ 3.76 Diego says Rodrigo thinks he's always right: "And we're stupid" | bbb house Build your strategy! Final Blade is launched around the world with temporary events André Ceciliano exonerates adviser who handled about R $ 26 million according to Coaf | New Orleans hotels Bolsonaro in Mourão: "Do you want to kill me?" Powered by https://naaju.com/brazil | Designed by Naaju © Copyright 2024, All Rights Reserved