Ibovespa recovers with the outside and has the third high followed; dollar up 0.9% in the absence of BC



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SÃO PAULO – Ibovespa closed the losses on Monday (2) after falling 1.14% at the bottom of the day after the Wall Street indices, which also recovered throughout the session stock market, but still under pressure the fears of a trade war in the United States and also with the poor performance of Chinese industrial production. The dollar, on the other hand, followed in a strong fort also pulled from the outside and still by the lack of action of the central bank.

The Brazilian stock market benchmark closed with a rise of 0.11% to 72.839 points, thus reaching its third consecutive highest. The financial volume, in turn, amounted to 6.669 billion reais. Meanwhile, the commercial dollar returned to exceed the mark of R $ 3.90, ending with gains of 0.87%, listed at R $ 3,9111 in the sale.

Among the stocks, the big highlight was for the BRF (BRFS3), which jumped more than 12% amidst the billion-dollar restructuring announced on Friday (see more information by clicking here). On the other hand, future interest rates ended the day sharply lower, the January 2019 contract retreating 5 basis points to 6.79%, while the January 2021 maturities fell by 6 basis points to 9.25%

On the international stage, in an interview with American TV channel Fox News US President Donald Trump talks about the EU and the agreements previously concluded with the bloc. According to the president, the EU is "perhaps as bad as China" in its trade relations with the United States, again drawing attention to the auto industry: "Look at the # Example of cars. They send their Mercedes here and we can not send our cars there, "he criticized.

Still in the interview, Trump accuses the OPEC (Organization of Petroleum Exporting Countries) of manipulating the market, according to critics made Saturday 30, when he posted via his official Twitter account that the King of Saudi Arabia, Salman, accepted his request to increase oil production "maybe up to 39. to 2 million barrels "to offset the production of Iran and Venezuela.To contribute to the climate of increased risk aversion, the latest data from China's industrial activity showed that the expansion of the sector lost its strength over the past month, leading to a decline in metal raw materials China's Purchasing Managers Index (PMI) dropped from 51.9 to 51.5 May to June, while a similar measure of IHS Markit and Caixin Media fell from 51.1 to 51 during the same period.

Market Highlights

Among the negative highlights, in addition to commodities-related stocks, Localiza and CVC newspapers correct last week's earnings, In contrast, the focus is on BRF badets, which trigger the restructuring plan announced last Friday (29).

Assets Cot R $ % Day

Of the shares that make up the Bovespa Index, the largest increases were:

% Year Flight 1
BRFS3 BRF SA 20,21 +12,28 -44,78 490.03M [19659021] ELETROBRAS ELETROBRAS ELETROBRAS ELETROBRAS ON 13.06 [19659016] +8.34 -35.33 47.05M
19659018] +7.14 -32.47 60.31M
KROT3 KROTON 9.73 +4.40 -46.24 ] The largest losses, among the articles that have been published in this paper, were published in the (19659011) VVAR11 VIAVAREJO UNT N2
VVAR11 VVAR11 VVAR11 VVAR11 VIAVAREJO ONE N2 [19659017] 17.88 -3.92 -26.84 ] 30.22 M
CCRO3 CCR SA ON 9.75 -3.66 ] -38.63 [1965901] 8] 34.93M
WEGE3 WEG ON EJ 15.66 -3.43 -14.87 25.19M
MULT3 MULTIPLAN ON EJ N2 55.31 -2.96 -21.22 83.44M
GOLL4 GOL PN N2 10.12 -2, 88 -30,68 18,27M

The most traded stocks, among which are the Bovespa index, were:

Code Assets Cot PETROBRAS PN N2 17.47 1, Flight BRF SA ON 20.21 +12.28 03M 173.45M 46,757
VALE3 VALE ON 48.76 -1.67 983.32M 17.363
ITUB4 ITAUUNIBANOPN ED +0.06 BBDC4 BRADESCO PN EJ 26.55 -0.71 259.15M 452.45M 20.202 [19659104] BBAS3 BRAZIL ON [19659072] BRAZIL ON +2.58 233.98M 411.78M 22,225
ITSA4 ITAUSA PN ] 9.28 +1.09 ] 179.14M 262.40M 18.585
RAIL3 RUMO SA THE 13.86 – 1.70 131.44M 336.08M 14,604 [19659160] – Lot of thousand shares
1 – In reais ( K – Thousands | M – Million | B – Milliard) IBOVESPA

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Economic Diary of the Week

The Economic Diary of the Week

After rising 2.4% of the dollar last week, the Central Bank announced on Friday that it planned to fully refinance the $ 14 billion swaps maturing on August 1 and carry out currency swaps. in the coming weeks, whenever necessary. On Monday, the BCB will auction up to 14,000 swap contracts on August 1; the monetary authority reaffirms that it sees no restriction on the stock of currency swaps far exceeding the maximum volumes reached in the past.

Among the indicators, highlighted Wednesday (4), the result of industrial production, disclosed by IBGE. GO Associates expects a 16.6% drop from April, which, if confirmed, will be the largest decline in the industry's historic series, reflecting the truckers' strike. According to economists, the past indicators of the sector have shown very negative figures, corroborating the pessimistic projection of the sector in the month.

Already Friday (6), the most important event of the week: the Consumer IPCA (June). The expectation of GO is up 1.02%, bringing the indicator to 4.14% in the cumulative 12 months. Inflation should continue to be driven by the truckers strike and the activation of the red flag level 2 in the electricity bills. "In terms of prospects, inflation is expected to remain below the center of the target this year." Part of the effects of the strike should be returned in the coming months, however, the devaluation of the currency should lead to higher inflation in the year "GO Associates

External agenda of the week [19659006] In the United States, pay attention to Tuesday (3) and Wednesday (4) .On the first day, the market will close earlier, at 13:00, due to the holiday of the day of the country's independence. , the week will pay particular attention to the trade war between the United States and its trading partners.

In this scenario of uncertainty, the market will keep an eye on the activity data for the months of May and June.Week: June Industrial PMI comes out Monday (2), May industry orders come out Tuesday (3), and the PMI Compounds and June services will be released Thursday (5).

Finally, most important data for the week come out Friday (6), with the report on the employment, which will be important to measure the pace of inflation in the country. Higher than expected data is expected to strengthen the recovery in the United States and increase the probability of the scenario with 4 high interest rates in 2018.

Political News

Amidst the climate of the World Cup, the policy becomes less important in the newspaper pages. But even so, important developments that may have implications even in elections remain important. On Friday, Minister Alexandre de Moraes of the STF decided to reject the petition filed by the PT's defense that an appeal for Lula's freedom would be badyzed by the second panel, rather than by the plenary court as determined by Minister Edson Fachin. Therefore, the case of the PT should be badyzed by the plenary of the Court only in August, since the Supreme Court has entered into session.

At the last session of the STF before the break, the Minister Edson Fachin said that he would first badyze whether the question of the inadmissibility of the former president will be or not met by the court before discussing the issue of prison. Jota website. Fachin gave Lula's defense five days to clarify whether he wants to be eligible or not. In practice, if the Supreme Federal Court decides that Lula is ineligible, the former president will not have any other instance to appeal.

Movements for electoral alliances also attract attention. According to Folha de S. Paulo, with difficulty in forging coherent alliances, the PDT pre-candidate Ciro Gomes yielded to the pressure and signaled to the PSB with the vice vacancy in his Plateau plateau. In exchange, however, he wants the party to announce his support for his candidacy in the next two weeks.

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