PANORAMA 2-Dollar falls below R $ 3.90 with outside; Ibovespa gets up

and after the jump
nearly 1% the day before, with the outdoor scene a little quieter
but with the market under the l? Waiting for the Bank
To make extraordinary interventions at this session
The Stock Exchange had a recovery session driven by the shares of Itaú Unibanco and Bradesco and the oil company Petrobras and
DI have yielded to the dollar.
Abroad, Wall Street sought to support the S & P 500 and the Dow
Jones in the blue, despite the deterioration in oil prices, while technology stocks
weighed on the Nasdaq, shorter session
due to the independence day in the United States.
See were the main financial markets shortly
after 12:20 pm this Tuesday:

EXCHANGE
After jumping close to 1% the day before, the dollar fell
Tuesday and already below the plateau of 3.90 reais, with
an external scene a little calmer but with the market under
the expectation that the central bank will be able to return
extraordinary interventions in this session.
The dollar fell after going to 3.9111 reais in the trading session
"The theme of the trade war will continue to be present throughout the week
," wrote the team of economists from the Bradesco Bank. in the report
referring to the deadline of July 6 in which the United States
intended to impose duties on $ 34 billion in
Chinese products, this which should trigger retaliation. , world markets breathed a little more
after the central bank of China informed that she
was closely watching the exchange rate fluctuations and that she was trying to keep the yuan stable and at a reasonable level. The yuan fell to 6.7204
for one dollar, its lowest level since August 7, 2017 and
for the first time below 6.7 since August 9, 2017.

and gave some relief to investors who
faced to a number of political concerns.
The dollar fell by about 0.35% on a basket of
currencies and also against emerging country currencies,
internally, investors are remained attentive to the political scene
a few months after the presidential election of October and
still marked by many uncertainties, and actions of the Central Bank. , the monetary authority only offered and see gave
in full the lot up to 14 thousand traditional swaps,
equivalent to the future sale of dollars, for the turnover of
contracts arriving due in August.
With this, rolled the equivalent of $ 1.4 billion of the
total of $ 14.023 billion that wins next month.

For the time being and as he did during the last trading days, the BC
announced an extraordinary intervention on the foreign exchange market for
session, despite all the pressures the market has
placed on the dollar.
. Dollar / Real: -0.71%, to 3.8830 reais for sale;
. Euro / Dollar: + 0.17%, to $ 1.1659;
. The Ibovespa extended the high Tuesday, touching the maximum
of the session in the early afternoon, pulled by the shares of
Bradesco Banks
Bovespa
and Itaú Unibanco and the oil company Petrobras in
reduced the liquidity session and few relevant revelations in the domestic scenario

The external scenario approved the local advance, with an agreement
on the l & # 39; immigration to Germany helping the European indices
while the US S & P 500 and Dow Jones
sought to keep blue even after
oil prices were short of breath.
US stock markets will close early in this session,
Independence Day in the United States, when there will be no negotiations
on Wall Street, which would reduce the business figure on the Bovespa
. more favorable outside climate I was helped by a statement from the president of the Chinese central bank, Yi Gang,
who
closely observes the fluctuations of the foreign exchange market and
will seek to maintain the yuan at a reasonable level. ] In a note to customers, Itaú BBA
technical badysis team said that Ibovespa is following a recovery movement in
towards a strong resistance to 74.100 points – a level that
maintains the index in a
"Above that, the upward movement may continue and
will find resistances to come to 76,500 and 78,900 points," [19459007wroteFábioPerinaandLarissaNappo"

– BRADESCO NP was up 4.2 percent and ITAÚ
UNIBANCO PN was up 2.8 percent, confirming bias [

– PETROBRAS PN and PETROBRAS ON increased by 2
and 2.2%, respectively, even after the weakening
on the Brazilian market,
oil and with intense news about the state oil company
there including suspension of processes for
refining partnerships and also for divestitures in Araucaria
Niérogène and Associated Gas Carrier (TAG) 19659004] – KROTON and ESTÁCIO advanced 4.7 and
3.66 per cent among the highest peaks Ibovespa.In the course of the year
however, the newspapers accumulated losses around 44 and 21 percent
.

– EMBRAER is appreciated by 4.1 percent, with the role
still influenced by expectations related to the likely agreement
with the American Boeing
. Ibovespa: + 1.92%, to 74,234 points
. Financial volume: R $ 2.75 bi
. Index of the main Brazilian ADR: + 2.55%, to
19,044 points
. To see the biggest increases in Ibovespa, click on

. US stock markets rose on Tuesday
driven by energy stocks ahead of
oil prices up
but gains were limited by
decline Technology stocks, with Facebook living new concerns
on the data scandal.
The role of Facebook has receded after the Washington
Post reported that a federal inquiry into data breach
related to Cambridge Analytica has been extended and will include
more of government agencies
S & P's technology sector lost about 2%
percent. was generally led by jumping over 1 for
hundred in the energy sector, with oil prices
up more than 1 percent, after Libya said
Trade tensions continued to intensify, with
US President Donald Trump warning the World Trade Organization (19459010) to "do something" if
the United States United States was not
The deadline of July 6, when Washington
will impose rights of $ 34 billion on Chinese products
is also approaching. Dow Jones: + 0.09% to 24,328 points
. Standard & Poor's 500: + 0.09%, at 2,729 points
.
The FTSEurofirst 300 index was up 0.78%
at 1,486 points
IN LONDON, the financial index
In Frankfurt, the DAX index is progressing from 0.80% to
12,336 points
In PARIS, the CAC-40 index gained 0.52
percent, to 7,587 points.
In MILAN, the Ftse / Mib index had an appreciation of
1.54%, at 21.757 points.
In MADRI, the Ibex-
In LISBON, the PSI20 index was rated at 0.09%
at 5,493 points.

INTEREST
interest rates fell on this
Tuesday, keeping the movement of past trading sessions and
following the behavior of the dollar against the real in the middle of
more favorable external scenario. and and increasingly negative expectations regarding the economic activity of
in Brazil, which helps keep inflation at a low level (19459010) and eliminates the need for more and more money. interest. Thus, DIs
began fixing more Selic maintenance wagers in the short term
against high visions.
"The day is relatively calm, and they help
to improve the environment
The dollar fell and fell below 3.90 reais

The dollar fell and fell below 3.90 reais
] in this session, world markets breathing a little more
relieved after the central bank of China reports that it
closely watches currency fluctuations and that it will seek to maintain
the yuan stable and at a reasonable level
The yuan fell to 6.7204 for a dollar, its lowest level
since August 7, 2017 and the first times below 6.7 since 9
August 2017.
war between the United States and its partners, in
special to Ch the political scene in Germany also helped to defuse
this session after the Conservatives of the German Chancellor
Angel the Merkel

US financial markets will close earlier
in this trading session due to holidays for Independence Day, the following day
which should limit the financial volume in the others
] squares.
With declining rates, IDs began fixing prices
divided by 0.25 percentage points and maintaining the Selic
in August, next meeting of the Monetary Policy Committee
(Copom ). The day before yesterday, the stakes were about 40%
of maintaining the basic interest rate, with the rest indicating
high of 0.25 point.
Today, the Selic is at historic lows of 6
During the last trading sessions, the ID rates were already in decline with correction movements
with weak data on the Economic activity and inflationary
reinforced by the perception that
will not touch the Selic anytime soon. Indeed, the monetary authority
reaffirmed that she was considering the prospects for inflation
to make her decisions of interest.
In this session, the Treasury announced an extraordinary auction of
B (NTN-B) for
purchase and up to 300,000 for sale as part of its strategy
for operate in the markets in order to bring more liquidity and balance to
rates. a thousand documents, highlighting the maturity
in 2022, and sold 200,000 titles, all with
maturity in 2023.
the day after, has already announced that it will be auctioned
Extraordinary Purchase and Sale
On Friday, the Treasury indicated that it would maintain its extraordinary
performance in the market this week, but at an intensity below
of
. been made recently, and will make
part of the public security traditional auctions.

ticker last month closing variation
(%) previous (%) (pp)
JAN9 6,775 6,785 -0.01
JAN0 8,22 8,28 -0,06
JAN21 9, 12 9.25 -0.13
JAN23 10.49 10.67 -0.18

DETTE
Treasury bills moved little
on Tuesday, with the yield curve
The yuan fell to its lowest level in 11 months against the dollar
with the intensification of trade tensions between

The United States and China, the world's two largest economies. The US government
is ready to impose tariffs on
$ 34 billion worth of Chinese products on July 6. Beijing
said it will respond with taxes on imports of US goods
. "In the short term, China's declarations boosted
stock prices and eased bids for treasury bills."
Larry Milstein, director of RW Pressprich & Co.
Fears of a global trade war spurred bets
that a slowdown in world growth and inflation
would mean that long-term bond yields
US demand will not increase much, although the Federal Reserve reports
further increases in short-term interest rates,
] traders and badysts declare.
between short-term and long-term treasury bill yields.
Some investors fear that short-term yields
will outperform long-term returns. This phenomenon
known as the inversion of the curve, occurred about
12 to 18 months before the last five recessions in the United States
The difference in yield between the bonds of 5 and 30 years
60 basis points, the lowest since July
2007, according to Reuters data.
The trading volume was low on the second day before
Independence Day
. Treasuries at 10 years: yield down to
2.84%, against 2.867% the day before
. World oil prices fell sharply and fell back Tuesday
after rising earlier in the day.

as Libya declared
force majeure in some of its exports and there was loss
Canadian stocks.
. Nymex – AUG / 17: -1.53%, at $ 72.81 per barrel
. ICE Futures Europe – Brent SET / 18: -0.6%, at 76.84
dollars a barrel

(PANORAMA1 and PANORAMA2 are located at the terminal of
Reuters news by code PAN / SA )

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