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SAO PAULO – After a quieter trading session yesterday because of the absence of the US market, which was closed in mourning by former President George HW Bush , Ibovespa promises a thwarted Thursday (6) by the return of the external benchmark in business and eye on Jair Bolsonaro's government moves.
Weighing abroad the tension between the United States and China, with investors eager to arrest a giant Huawei leader at the request of the Donald Trump administration. In addition, special attention should be given at the beginning of the OPEC meeting, which should shake up the oil market by tomorrow.
See what to watch for today (6):
1. Global Equity
Asian stock markets fell sharply during the session after the announcement of the arrest of the executive director of Chinese telecommunications giant Huawei Technologies at the request of the US government.
In addition to marking a further step in the US efforts to hold Chinese companies accountable for violating US laws, Eurasia believes that the prison must provoke a strong reaction from the United States. part of China, which could aggravate the climate after a relief at the G20 meeting with the announcement of a truce between the two countries.
The arrest of the executive also weighed on the European markets, which fell by about 2% under the pressure of tighter tensions between China and the United States, which weighs heavily on the automotive industry. On Wall Street, future indices also indicate a session of losses for investors Thursday.
Discover the market performance according to the 8:10 (GMT) quote:
* S & P 500 Futuro (USA) Dow Jones Futures (United States) -1.80%
* Nasdaq Futures (US) United States) -2.43%
* Dow Jones (Germany) -2.42%
* FTSE (United Kingdom) -2.28%
* CAC-40 (France) -2, 30%
* FTSE MIB (Italy) -2.13%
* Hang Seng (Hong Kong) (Closed)
* Shanghai (China) -1.68% (closed)
* Nikkei (Japan) -1.91% (closed)
* WTI petroleum -2.84%, at 51.39 USD per barrel
* Crude oil -2.89%, to 59.78 USD per barrel [19659010] * Bitcoin USD 3,865.21 – 0.48%
USD 14,956 * Iron ore futures traded on the Chinese stock exchange in Dalian -0.85%, at RMB 469.00 (at last 24 hours)
2. OPEC Meeting
As a result of a 30% oil price collapse in November, in the worst month for 10 years, OPEC and the Allied countries led by Russia gathered at The growth of oil production in the United States, Russia and OPEC member countries has resulted in an increase in global stocks, the demand for this product having slowed down in the worldwide, leading to a decline in global demand. excess supply and melting prices. Faced with this, investor expectations are high with the decisions that will be made at the meeting.
A group of OPEC economists, who reviewed the scenarios for the meeting, recommended a total reduction in production of 1.3 million barrels per day from the levels of the oil industry. ;October. For Credit Suisse badysts, OPEC should make it clear to the market that it plans to reduce production by about 1.5 million barrels a day in order to recover the recent price losses from the market. oil. This reduction would be sufficient to rebalance the market in 2019.
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3. Economic Agenda
On the one hand, the national agenda is largely exhausted during this session, while on the other hand, the day will be quite eventful, especially in the United States. The ADP November 1965 survey will be announced at 11:15 am with an estimated creation of 195,000 vacancies. Then, the data on unemployment insurance claims will be published, the market projecting 225,000 orders.
At 1 pm, durable goods orders in October with a negative result estimated at 2.4%. Late in the evening, Jerome Powell, President of the Federal Reserve, delivers a welcome address at the Washington Housing Conference
4. New policies
The reform of the pension system and the uncertainties surrounding its approval remain the main political problem. The future Minister of the Economy, Paulo Guedes, explained to the members of the transitional team that if the reform was not approved the first year, the government would face d & # 39; 39, enormous difficulties.
According to the G1, The Guedes Alert drew the very attention of Bolsonaro. The economist also pleads in favor of the immediate approval of a reform likely to solve the structural deficit, with the adoption of the minimum age and the equalization of pensions of the public sector with that of the private sector.
The day before, the president of the PSDB in the House. Nilson Leitão (MT), said the party would support the Bolsonaro government in projects that also constitute what he called the "Tucana program," which includes, among other projects, social security reforms and of taxation. In addition, according to Mr. Estadão, the elected president plans to merge three transport regulatory agencies: the ANTT (National Agency of Land Transport), the ANAC (National Agency of Land Transport), the ANA (National Agency for Inland Transport), the ANAC (National Agency of Land Transport), the ; ANAC. National Aviation) and Antaq (National Agency for Inland Water Transport)
Together they would become the National Transportation Agency. The goal would be to put an end to the agencies' political actions and to help design new government concessions.
5. The Real Estate Distraction Project which provides for fines for borrowers who waive the purchase of property, has been approved by the House and is now following presidential sanction. With the approval of the text, construction companies will be able to impose a fine ranging from 25% to 50% of the amounts already paid to the buyer who will abandon the company.
According to Bloomberg, Minerva among others the companies that made a non-binding offer to buy the BRF badets in Argentina. According to sources close to the topic, the company reportedly showed interest in all BRF badets in Argentina, including the poultry and pork sectors.
MRV Engenharia announced the distribution of extraordinary dividends for 2017 amounting to 145.5 million rand. The amount payable per share is estimated at R $ 0.33 and is expected to be confirmed on December 13. Payment will be made on December 21 and dividends may be paid to shareholders who hold the paper in the portfolio until the end of day 13.
Based on previous results disclosed by Gol The supply of the domestic market rose 2.9% in November, an increase of 1.1% over the same period in 2017. Demand from the international market has increased by 30, 8%, while the offer was up 27.5%. The total supply has increased by 4%, which, according to the company, is due to the 1.9% increase in the total number of seats and to the 2% reduction in takeoffs.
(With Agência Estado and Agência Brasil) [19659010] Do you want to invest with ZERO brokerage on the stock market? Click here and open your Clear account now!
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