The 5 issues that will shake the markets Wednesday After falling by 1.33% that day under pressure from uncertainties surrounding the US-China deal, Ibovespa has tended to present a less hectic trading session on Wednesday (5).



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SÃO PAULO -) because it will be without its reference to the United States.

Wall Street markets will remain closed in mourning following the death of former President George H. W. Bush, who will be buried today. Concerns remain that the United States may be on the brink of a recession after a significant decline in the 10-year Treasury rate.

On the national radar are the proposed breakdown of the social security reform and the further postponement of the vote on the expensive badignment proposal.

See what to watch this Wednesday (5):

1. Global Equity

Asian stock markets followed the risk aversion observed in the West the day before and collapsed in the face of concerns over the effectiveness of the agreement reached between the US and the US. China and the United States at the G-20 to give a truce to the trade war.

In addition, 10-year US Treasuries fell to 2.946%, bringing the gap back from the two-year rate to its smallest difference since 2007. Analysts estimate that this type of movement indicates that the American market is experiencing an increasingly narrow recession. However, the future performance of US indices, whose spot indexes will not be open on Wednesday, indicates increased control of risk aversion by investors.

The uncertainties of the European stock markets are still current and they are receding.

Check the market performance, according to the price of 7:58 (GMT): [*DowJonesFuturo(US)+039%-Labourseswillbeclosed

* Nasdaq Futuro (United States) + * the stock market will be closed

(France) -1,08%

* CAC-40 (France) -1,08%

* FTSE (United Kingdom) -1,18%

[19659004] * FTSE MIB (Italy) -0.48%

* Hang Seng (Hong Kong) -1.62% (closed)

* Shanghai (China) -0.61% (closed)

] * Nikkei (Japan) -0.53% (closed)

* WTI Oil -0.88%, to 52.78 USD per barrel

* Crude Oil -0.89%, to 61 USD, 53 the barrel

* Bitcoin US $ 3,812.08 -3.87%
R $ 14,954 -2.58% (in the last 24 hours)

* Future contracts for iron ore trading the Chinese stock market in Dalian + 2.58%, to 478.00 yuan (in the last 24 hours)

2. Interview with the financial director of Localiza InfoMoneyTV will convey a conference of the general manager of XP Investimentos, Karel Luketic, together with the financial director of Localiza, Maurício Teixeira, who will present the scenario for the sector of car rental and new car sales, in addition to the company's performance on the stock market.

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3. Economic Agenda

The national agenda is empty during this session. Abroad, the Fed (Federal Reserve, the central bank of the United States) announces the Beige Book at 17 hours (Brasilia). The statement of Jerome Powell, Fed chairman, was canceled due to the national day of mourning over the pbading of former President Bush.

4. New Politics

President-elect Jair Bolsonaro said that social security reform can be pbaded on to Congress in a "trench" fashion. He stressed that the initial goal should be to establish a minimum age for retirement, respecting the time difference between men and women.

He felt that the transition team was "strong enough" to start the referral. retirement by the minimum age. Bolsonaro pointed out that he would like to introduce a draft amendment to the Constitution on the subject and that it "would be easier to approve the issue this way," he replied. that it is "less difficult."

Despite speculation that the proposal would have lost its strength, start reforming through public pensions, with a chance of being approved. "[19659004] The elected president spoke on Tuesday with the leaders of MDB and PRB, but did not address the topic of pension reform.

Also on Bolsonaro, the TSE (Supreme Electoral Tribunal) unanimously and with reservation approved the unanimous character of the reporting obligation of the electoral campaign of the plaque. the elected president and his deputy, General Mourão. With this approval, Bolsonaro will receive, Monday (10), the diploma of elected candidate, the last formality before the inauguration scheduled for January 1.

In the Senate, the approval of the review of the heavy task of Petrobras, scheduled for Tuesday (4), was postponed again due to the lack of agreement to transfer some of the resources to States and municipalities without infringing the spending ceiling.

The Leader of the Government in the Senate Romero Jucá (MDB-RR) stated that "it is possible" that the vote of the project will take place only in 2019. Jucá repeated that "l & # 39; 39 "ideal" would be to appreciate the proposal – which opens the megaleilão of pre-salt areas – until December 22 this year, but there is no point in adopting a proposal "premature ".

5. News from the company

The Cade (Administrative Council of Economic Defense) can compel Petrobras to sell refineries. According to the newspaper Valor Econômico, the results of a study on the technical field of Cade and ANP, which concludes that the public company takes advantage of the monopoly of the sector to influence the formation of fuel prices on the domestic market, will be presented today. Petrobras could be forced to reduce its share in the refining of the country's oil if it continues.

Still in the radar of the company, Petrobras will again consider the petrochemical sector as strategic in the (19459012) The stalemate on the vote of the expensive badignment is also on the radar. Without agreement, the vote on the complementary bill is postponed again. In this scenario, Folha de S. Paulo indicates that the future Minister of the Economy, Paulo Guedes, even plans to give up the PLC of the heavy task, the members of the TCU and his team arguing that the approval of the Congress is not necessary, because an agreement between the Union and Petrobras JBS appointed Gilberto Tomazoni to the post of general manager, thus ending a process of succession started 15 months ago with the company. arrest of Wesley Batista. Tomazoni joined the company in 2013 after crossing Bunge and Sadia and has held the position of director of JBS operations since 2017. The company also appointed Guilherme Cavalcanti (former director Fibria) as JBS's Chief Financial Officer and Investor Relations Officer. The Council Telefónica approved the payment of interest on own funds (JCP) of a gross amount of R $ 1.35 billion, ie R $ 0.74973852939 per common share and 0, 82471238233 R $ per share RP. According to the company, the proceeds of the sale will be credited individually to the shareholders, knowing that they must keep the paper until December 17. After this date, the shares will be traded "ex-interests".

Estácio approved the second issue of promissory notes in the amount of 600 million R $, due in 85 days. compensation of 105.75% of the CDI. In an interview with the newspaper Valor Econômico, the president of Cosan Limited Marcos Lutz, claimed that the group was "a single series for qualified investors". [196459011] very optimistic "with the prospects of the Brazilian economy in 2019, with forecasts of growth of activity in all sectors of activity (energy and logistics) A Alpargatas completed the sale of the 21.8% stake in the Argentine company Topper to the Sforza group, by the entrepreneur Carlos Wizard Martins.Thus, the company received the first part of the price of purchase, for A $ 28 million, and will receive the second installment (A $ 12 million) on December 26.

A ] BR Malls stated "to have been invited to participate in a competitive process for a possible transaction involving the acquisition of Grupo Almeida Jr.'s stake in six shopping centers" and to have submitted an "indicative and non-binding" proposal. According to the company, however, until now, has received no response.

(with Agência Estado and Agência Brazil)

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