PANORAMA 2-Ibovespa's pupil with external relief; dollar has slight oscillations on the day of Ptax training



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<img src = "data: image / gif; base64, R0lGODdhAQABAPAAAP /// wAAACwAAAAAAQABAEACAkQBADs =" data-lazy-src = "// www.ultimoinstante.com.br/wp-content/uploads/taxazero-720×90. gif? pas = 17672356761806291601 "alt =" SÃO PAULO, June 29 (Reuters) – Relief abroad promoted
local markets, and helped move upwards in Ibovespa
this Friday.On the other hand, the dollar had slight oscillations against the real
in the context of the formation of the Ptax rate of
at the end of the month, which left the more unstable market

The main stock indexes of the United States increased,
thanks to the good financial result of
.Nike and the
shares of the banking industry after the resistance test of the Federal Reserve
the North American Central Bank

See how the main financial markets were few
after 12:30 pm e Friday:

  Cash Direct Zero Rate 300x250

EXCHANGE
] The dollar had slight oscillations against the real on this Friday
having for canvas the external scenario and the formation
of the Ptax rate of the end month leaving the market more unstable
"The open market
Ptax is a rate calculated by the Central Bank and which serves
Spinelli brokerage operator José Carlos Amado

reference for various foreign exchange contracts, causing
investors to "quarrel" over quotes that are more interesting to them
causing more reciprocity in the market .
But after the formation of Ptax, early
late, the market may
Overseas, the dollar fell sharply against a basket of
currencies and also folded against the currencies of emerging countries,
as the Mexican peso, in
. day of the reinforcement of the euro
after the agreement on migration in the European Union
World markets have become more tense, among others
with the possibility of 39; a world trade war in the midst of interstate conflicts

and the transfer of $ 14,023 billion in foreign exchange contracts
the equivalent of the future sale of dollars
are due in August.
"The volume is large and the market is very sensitive.
The total stock of swap was $ 67.414 billion
and the President of British Columbia, Ilan Goldfajn, has already repeated several times

]
The agents also believed that the central bank will continue to monitor the foreign exchange market
without necessarily acting.This week,
for example, BC did not do new bids of exchange, after
having injected the equivalent of 43.616 billion dollars with
these operations since May 14.

Dollar / Real: -0.03% to 3 , The main stock index of the Brazilian stock market, the Brazilian stock index, is the most important index of the Brazilian stock market.B3 was up on Friday,
after the most positive move to the 39, foreign and winning
breath to return to work above 72,000 points.
The stock market took advantage of
worries about the US-China trade war for
to engage the second floor in the blue, although it still works
to end the month down. In this session, with the scenario of lower risk aversion, the emerging markets stock index
rose 2.2%
.
"The market takes advantage of this moment that woke up there
] to slightly improve the results of portfolios at the end of the month
which also has a quarter turn and a half -tour ", said
H. Commcor Manager of Variable Revenues, Ari Santos

B2W gained 5.7% and led
to index gains after Morgan Stanley badysts had raised the price of the action
to 27 reais, against 21 reais, with
a recommendation "with equal weight".

– JBS ON was up 2.3%, reacting to
news published by the website of Veja magazine that the
ruler of Qatar would consider buying the BNDES tranche in
Brazilian food. In a statement, JBS stated that
"did not take cognizance of any exchange
involving shares issued by him."

– PETROBRAS PN and PETROBRAS ON won
2.2% and 2%, respectively, the day of earnings
for oil prices on the international market.

– VALE ON increased by 1.1%, in line with the
movement of iron ore futures in China.
Also on the radar was the information that the Brazilian miner
received $ 690 million in advance cobalt sales contracts
with delivery from January 1
January 2021, which which will allow the release of investments of $ 1.7 billion [1,7 milliards de dollars] for the expansion of Voisey's Bay,
in Canada.

– ITAÚ UNIBANCO PN gains 2.1% and
BRADESCO PN increases by 1.8%, corroborating
the positive bias of the index due to participation in its composition
. SANTANDER UNIT was up 2.1% and
BANCO DO BRASIL ON was up 2.2%

. Ibovespa: + 1.44%, to 72,801 points
. Financial volume: R $ 3.18 billion
. Index of the main Brazilian ADR: + 1.46%,
18,769 points
To see the highest Ibovespa get up, click on
To see the highest amortization Ibovespa click

United States
US stock markets rose Friday
boosted by the good financial results of Nike
and bank stocks after the Federal Reserve's resistance test
central bank
Nike's shares rose more than 12% to a record level
after the world's largest shoe manufacturer
rebounded in North America in the last quarter and

S & P's financial sector, which broke the 13 days of losses Thursday, jumped in this session after 19459010. US banks pbaded the second phase of the Fed's annual stress test
. Wells Fargo led gains, up 5.7% while Citigroup rose about 2.5% to 19459010, Bank of America rose 1.2% and JPMorgan 19%. in the United States, which accelerated throughout the year up to May, core inflation
reaching the target of 2% of GDP.

"The markets are very conditioned by the news about trade and tariffs
," declared the principal market strategist of
Cantor Fitzgerald, Peter Cecchini

. Dow Jones: + 1.09%, at 24,480 points
. Standard & Poor's 500: + 0.862199%, at 2,739 points
.
The FTSEurofirst 300 index was up from 0.97%
to 1,489 points
IN LONDON, the financial index
In Frankfurt, the DAX index is progressing from 1.06% to [19309010] 12,306 points
In PARIS, the CAC-40 index rose by 0.8% to 7,636 points.
In MILAN, the Ftse / Mib index had an appreciation of [0,909010] 0.90% to 21,626 points
In MADRID, the Ibex- 35 was up 0.57
for cent, at 9,643 points.
In LISBON, the PSI20 index was depreciated by 0.47%
at 5,528 points.

INTEREST
Interest rate futures began trading at
after an earlier correction attempt,
taking advantage of the more positive day abroad.
"The tensions will continue," said the derivatives manager
of a local brokerage firm.
The term futures curve estimated in this session about 40 percent chance of maintaining the Selic in August against

According to Reuters data, the remainder of the index indicates a high level
0.25 percentage point.
Currently, the Selic is on the historic floor of 6.50%
a year
Despite the relative lull abroad, fears of a resurgence of the trade war between the United States and its trading partners, especially China, continued to hover in local markets as well as worries with
presidential elections in October
The market fears that a pre-candidate who considers less
engaged in fiscal adjustment gains even more traction
The Treasury continued its interventions in the market
] session, with auctions of up to 3 million vouchers National Treasury (LTN) for the purchase and up to 500 thousand for the sale. And up to 2 million
National Treasury bills – Series F (NTN-F) at the purchase and up to
300 thousand for sale
You don 't bother. bought no LTN and sold only 200 thousand papers with
] in January 2022, with a rate of
10.17%. In the NTN-F auction, he bought only 100,000
papers, due in January 2025, at the rate
of 11.2975 percent.

month ticker last (%) closing variation
previous (%) (pp)
SEP8 0 6,472 -6,472
JAN9 6,805 6,825 -0.02
JAN0 8,28 8,33 -0.05
JAN 21 9.27 9.35 -0.08
JAN23 10.81 10.89 -0.08

DEBT
The interest rate curve of the Treasury reached its flatter
in more than 10 years this Friday, after data from
Consumption of the United States disappointed the expectations of
some badysts.
The yield curve between the two-year and 10-year
grades flattened to 31 basis points on this
Friday, the lowest level since 2007.
Data showed that spending consumption, which
accounted for more than two-thirds of US economic activity,
only increased 0.2 percent last month. Data for April
were also revised downwards, with expenditures increasing by 0.5% instead of the previous one by 0.6%
. the acceleration of consumer prices
in the year to May, with the basic PCE index reaching the target of [2,959010] 2 percent of the Federal Reserve for the first time in six
years. inflation has returned to the level of 2 percent
in the annual PCE, the spending dimension of non-tax reforms
seems to have materialized, suggesting that the curve will continue to
become flatter as long as the Fed goes ahead with at least
interest rate hikes, said Ian Lyngen, director of the US interest rate strategy
] at BMO Capital Markets.
The European Central Bank (ECB) is studying the possibility
of buying more long-term bonds from next year
p To keep the costs of loans from the euro zone under the control of
even after ceasing to inject money into the economy, sources
told Reuters
that this could add pressure additional flattening.
Trade concerns were heightened this week and
sent 10-year yields to their lowest levels in
a month as investors feared that more than
strict restrictions would reduce
The next important economic data will be the report on employment
in June next week, which will be overshadowed by all indications
of increased wage pressures

. Ten-year treasury bills: yield at
2.8492%, against 2.877% the day before
. Oil futures rose Friday to
as long as US sanctions
Iran is the fifth largest oil producer in the world,
producing about 4,000 tons of oil. crude oil on world markets
7 million barrels per day (bpd), or
nearly 5% of world oil, largely to China
and other energy-consuming countries like # 39; India.
The US government wants to prevent the export of Tehran
interrupting a vital source of financing and expects that other
major oil producers will be able to. Organization of Petroleum Exporting Countries
and Russia make up the deficit.
But the world market oil market is already tight in
badysts and big investors believe that
stringent compliance with US sanctions against Iran will drive prices up sharply
.
"More implementation and enforcement are stronger, more
] oil prices," said JBC Energy, a Vienna-based consulting firm,
a note to customers. " In this case, oil prices of three
figures are not out of the table. "
A Reuters poll of 35 economists and badysts
predicted Friday that Brent would have an average of 72, 58
dollars a barrel in 2018, 90 cents above the forecast
$ 71.68 from last month's survey and $ 71.15 by
now this year.
the oil fell with a shutdown
at Syncrude, Canada, which blocked more than 300,000 barrels per day (bpd) of production.
Outside of North America, record demand and reductions
offer volunteers led by the Organization of Countries
Oil Exporters (OPEC) increased prices. [1965] 9016] Nymex – AUG / 18: + 1.09%, at $ 74.25 per barrel
. ICE Futures Europe – Brent AGO / 18: + 2.08%, to 79.47
dollars a barrel

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

(Edition Iuri Dantas)
([email protected]; 55 11 5644-7727; [ad_2]
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