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SÃO PAULO – Ibovespa again tests the maintenance of the 92,000 points influenced by the optimism of European and American trade on Tuesday (8). The market is expecting a positive outcome for the meeting between Donald Trump and Chinese government officials to end the trade war between the countries.
The unexpected participation of China's deputy prime minister, the country's chief economic advisor, was made public on Tuesday (8) and is seen as a sign of China's willingness to reach an agreement. On the other hand, part of the market is waiting for the US Trade Representative Robert Lightizer not to pursue negotiations quickly to maintain his bargaining power and obtain more concessions from the Chinese.
"We are still at the beginning of the negotiations, but if an agreement is reached, it would be very positive for the markets," says XP Research's research team.
Throughout the day, news of the second meeting between Bolsonaro and his ministers can add volatility to business, particularly because of high expectations about the design of pension reform.
In this context, at 10:55, Ibovespa lost 0.15% to 91,560 points. The dollar futures maturing in February 2019 decreased by 0.31% to R $ 3,730 and the trading dollar by 0.13% to R $ 3,729.
With the performance, the real exceeds the 16 major currencies of the world, as well as the emerging countries whose opinion remained firm as to the prospects of the reform of social welfare.
On the market of future interest, the contract expiring in January 2021 went from 7 to
Global stock exchanges
Asian shares closed the mixed sector, but close to stability, cautious investors before the meeting of the Chinese and US government representatives in search of a trade agreement.
In the West, the rapprochement between countries brings a more optimistic wind. Future Wall Street indices point to a positive opening, while European stock markets are also rising optimistically as a result of Sino-US negotiations to end the trade war.
The fall of the euro helped investors put aside the weaker economic data of the euro area. Still in the radar, the final Brexit vote is expected to take place on January 15th and for the moment there is no sign of an end.
Global optimism also influences the commodity market. Oil rose by more than 1%, reaching the seventh followed, with an eye on the production cuts of OPEC (Organization of Petroleum Exporting Countries). Saudi Arabia has indicated that it could reduce its exports beyond the level already agreed with OPEC. The weekly survey in the United States, which leaves tomorrow, should also lead to a decrease in stocks of raw materials.
Highlights of the Stock Exchange
The largest losses among the shares comprising Ibovespa are as follows:
| Code | Active | Cot R $ | % Day | % Year | 1 |
|---|---|---|---|---|---|
| GOL PN N2 | 22.89 | -4.23 | -8.80 | 24M | |
| CMIG4 [19659026] CEMIG PN EJ | 13.25 | -1.49 | -4.40 | 40.82M | |
| BBSE3 | BBSEGURITYON | 27.54 | ] -1.40 | -0.18 | 6.94M |
| ECOR3 | ECORODOVIAS ON | 9.73 | -1 , 12 | +3.73 | 973.18K |
| IGTA3 | IGUATEMI ON | 40.75 | -0.85 | ] -2.04 | 21.97M |
Highest Strongest Among the actions taken by the Ibovespa are:
| Cod. [1965 | % | % | % | % | % | % | % |
|---|---|---|---|---|---|---|---|
| (19659021) | ] | 1545M | |||||
| SMLS3 | LIGHTS ON EJ | LREN3 | LOJAS RENNERON EJ | 40.77 | +0.92 | ||
| ESTC3 | ESTACIO OF THE PARTON | 24.93 | 19659023] +4.92 [19659021] 2.94M | ||||
| ENBR3 | ENERGIAS BR ON EJ | 14.56 | +0.76 | – M – Million | B – Billion) |
Analysts without censorship
The Analysts without Censorship program evaluates the attractiveness of investments in Treasury Direct after the elections and according to an interesting scenario with low inflation. The show will be broadcast at 3 pm (from Brasilia) live, by IMTV and by the InfoMoney Facebook page.
Political News
President Jair Bolsonaro meets with his 22 ministers. He wants to hear each of the projects this month, proposals for downsizing and prospects. The text of the social security reform to be presented to the National Congress will also be discussed.
Last week, the Minister of Economy, Paulo Guedes, was instructed to index the main points of the text that the government intends to send to parliamentarians this semester.
The social security reform proposal to be studied by the team The president predicts a transition rule of 10 to 12 years, according to Folha de S. Paulo. The period is much shorter than the 21 years provided in the reformed version of former President Michel Temer (MDB), even after changes made by Congress.
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By reaching the minimum age of men and women in less time, the reform of the study is more difficult and would represent a greater saving of expenditure than the reform of Temer [19659003] Another mission to all the ministers was a list of measures that everyone intends to put into practice in the coming weeks, an overview of the accounts of each portfolio and an badysis, mainly of expenditures made during the last few years. management days, Michel Temer.
Still on the ministers, after the disagreements between Onyx Lorenzoni and the heads of the Economy, Paulo Guedes, still during the first week of the new government, Bolsonaro asked them to give up their differences. and demonstrations of unity. The ministers made a first gesture yesterday and, at the invitation of Onyx, Guedes had lunch with him in the office of the Civil House, in Plbadto Palace, reports the O Estado de S. Paulo newspaper.
In a new retreat, the president informs the military commanders and general officers of the summit of the armed forces that there will be no US base installed in Brazil during his term, reports the newspaper Folha de S. Paulo.
According to Jason Vieira, chief economist at Infinity Asset, General Augusto Heleno recently adjusted the "mess" of Bolsonaro, indicating that he has a lot of information, many people who speak and speak. at the same time, little time to filter everything "Nevertheless, the natural learning curve of a new government, composed in particular of a more technical and less political team, seems to follow the normality, with natural disagreements, "said Vieira, estimating that" this dissent [no governo] has a deadline, as well as the patience of the market "
Economic Indicators
Industrial production rose by 0.1% in November compared to October, in the seasonally adjusted series, according to IBGE (Brazilian Institute of Geography and Statistics). The result is lower than the median estimate of 0.2% collected by Bloomberg. In the annual comparison, there was a 0.9% decrease compared to a 0.4% decline forecast.
Click here to view the full agenda of the indicators.
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