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SÃO PAULO – The climate is cautious abroad after US President Donald Trump insists on building a wall on the Mexican border – a case that has led the country to the biggest crisis of this year's history and that can be resumed in February if there is no agreement with Congress.
In the national scenario, highlight Vale's declaration of force majeure in certain contracts and the Copom decision. In this case, attention will be focused on the messages that the Central Bank can send in its declaration.
See what to watch this Wednesday (6):
1. Global Equity
US index futures indicate a slight slowdown as a result of Donald Trump's expected speech in the state of the Union and await new corporate balance sheets. like General Motors, Toyota and Spotify. European stock markets are down sharply, echoing Trump's speech.
In front of Congress, Trump called for an agreement to overcome the closure, but insisted on the need to build a wall on the border with Mexico, precisely the subject that provoked disagreements among Congress members.
In Asia, the Chinese and Hong Kong Stock Exchanges remain closed this week because of the Lunar New Year.
Crude oil prices fell for fear of global economic growth and iron ore prices rose as a result of Vale's decision to suspend its contracts
Check the market performance, according to the price of 8h (office hours). (19659005) * Nasdaq Futuro (United States) -0.14%
* Dow Jones Futuro (United States) -0.17%
* Nasdaq Futuro (United States) -0.14% [19659005] * FTSE (UK) -0.33%
* CAC-40 (France) -0.32%
* FTSE MIB (Italy) * WTI Oil -0.97%, at 53.14 USD the barrel
* Brent oil -0.95%, to 53.14 USD per barrel
* Nikkei (Japan) + 0.14%, to 61.39 USD per barrel
* Bitcoin: 3 US $ 368 – 1.91%
US $ 12,570 + 0.46% (within 24 hours)
2. Social Security Reform
Economy Minister Paulo Guedes said yesterday that the government's proposed pension reform project projected a saving of at least R $ 1 trillion out of 10 years. The statement was made at a press conference alongside the President of the Chamber of Deputies, Rodrigo Maia. The two men met in Guedes' office to discuss the reform process. Maia even said that MPs could vote on this issue before May.
"The idea is that it will reach at least R $ 1 trillion. [de economia de gastos] We simulate with 15 years, with 20, with 10. The value of R $ 1 trillion is over 10 years, but it There are simulations in which it is $ 1 trillion in 15 years as well, of current value, is calibrated, "said the minister. He again criticized the current social security system, which he says exacerbates social inequalities and contributes to unemployment.
Asked about the introduction of a single minimum age for men and women aged 65, according to the press disclosed in the second. (19659005) According to Maia, the government expects to get 320 to 330 votes to approve the reform in the House in two months. The mayor said that it was possible to approve the reform until May and that the Senate would approve it in June or July, if the allied base was set.
3. Economic Agenda
In the national agenda, the Copom (Monetary Policy Committee), which announces its decision on the Selic, announces its decision on the Selic shortly after the closure of the market. It is virtually unanimous that the Central Bank maintains the basic interest at 6.5% per annum. Despite this, much is expected from this statement, which can provide more details on how long the rates will remain unchanged and even if the recipient country badesses a drop in interest.
Overseas, pay attention to disclosure of GDP (gross domestic product). fourth quarter of 2018 in the United States, Wednesday (6).
Click here to view the full program of indicators.
4. New Politics
This morning, in the Official Journal of the Union, the exoneration of the Minister of Tourism, Marcelo Álvaro Antônio, was published. The decree is signed by President Jair Bolsonaro. The Folha diary of S.Paulo reports that Marcelo Antônio is a member of an irregular system aimed at presenting "orange" candidates in the elections, which diverts electoral funds from the party fund, benefiting from the system.
Reelected by Minas Gerais, Marcelo Antônio was the most voted federal deputy of the state. He denied any impropriety on his Twitter account two days ago
. The Senate will meet in the afternoon to elect the ten vacant positions of the board of directors. Senate President Davi Alcolumbre (DEM) reached an agreement with the parties to allow the PSDB and the president to be elected vice-presidents, with the PSD, the MDB and the PSL holding three of the four secretaries.
[19459010Sil?AgreementisconcludedbetweentheelectionoftheBureauoftheUnitedNationsandtheelectionofthePresidentoftheRepublicofMexicoand sessions and until the cancellation. If there is no agreement, the vote will be charged per charge.
In addition to the distribution of positions on the presidential council, the committees of the standing and joint committees of the Congress are also at stake. The PSDB and the BMD have an interest in chairing the Constitution, Justice and Citizenship (CCJ) Commission, which is considered as the most important because it is here that the process of legislative proposals begins.
Atypical financial moves involving Senator Flávio Bolsonaro (PSL), Prosecutor Claudio Calo, of the Public Prosecutor's Office of the State of Rio de Janeiro, gave up conducting the investigation. According to him, the decision was taken after "a thorough legal reflection".
In a note, the prosecutor informed that "legally" understood that the investigation was to be conducted by the Criminal Investigation Office of the criminal Tabelar. "This is not a question of declining allocation because the badignment, as we know, belongs to the 24th PIP, but it's a personal matter," said the promoter in a note
A CSN indicated that the closure of the activities of the Casa de Pedra dam in Congonhas, in the State of Minas Gerais, was part of the measures already adopted by The CSN Mineração, a company controlled since 2016, aims at the dry treatment of the waste generated during the production process of its Casa de Pedra mine.
"The treatment of dry waste currently covers 40% of the volume CSN Mineração will treat 100% of dry residues, eliminating the use of dams to eliminate residues," says the company.
>> A Petrobras ] informs that he has signed a "unique and unprecedented" agreement in Brazil with the Attorney General's Office as a result of the agreement concluded with the US Securities and Exchange Commission (SEC) and the United States Department of Justice (DoJ) for US $ 682.6 million, which is 80% of the value of the DoJ resolution, and the SEC.
According to Petrobras, 50% of the funds will be donated to a fund that will be managed by an independent foundation (to be created and managed by the MPF), for social investment in projects, initiatives and institutional development appropriate entities, educational or not, that act in the promotion of citizenship, public ethics, the fight against corruption, among other socially relevant topics
The other 50% will be used by Petrobras to face any conviction of the company at the request of an investor or the payment of any agreements.
Still in the radar, Petrobras announced a 0.59% increase in the average price of a liter of gasoline A without tribute in the refineries, valid for Wednesday 6. at R $ 1.5079. The Vale was declared in case of force majeure – an instrument invoked when one of the parties can not comply with an agreement concerning an unforeseen event – in a series of contracts for the sale of ore from iron and pellets, following a court decision issued the day before by a stop of the dams in Minas Gerais, impacting the production of the Brucutu mine – the second largest mine of the company. The company has not reported the volume of contracts affected by a case of force majeure.
Vale reiterated that there was no technical basis or risk badessment that would justify the decision to suspend the transaction and took the appropriate legal steps to resume operations as quickly.
On Monday, the miner reported that the estimated impact of the temporary shutdown of the Laranjeiras dam at the Brucutu mine (Minas Gerais complex) is about 30 million tons of ore per annum [19659005] The O Globo newspaper reports that after the Brumadinho tragedy, the government should postpone the early renewal of the contract of two railways managed by Vale. The intent of the economic team is not to "contaminate" the concession renewal process, which expires in 2027, with the disaster. Today, Vale operates the Carajás Railroad and Vitoria-Minas Railroad Railways, whose contracts are concluded in eight years. >> Sanepar had a net income of R $ 320 million in the fourth quarter of 2018, or 107.5% over the same period in 2017, while revenues increased by 7.1% to R $ 1.1 billion compared to the last three months of 2017. Ebitda (earnings before interest, taxes, depreciation and amortization) increased 23.9% in the fourth quarter of the fiscal year to R $ 475.7 million.
Sanepar's net income rose 30.1% in 2018 to 892.5 million d. Revenues were R 4.16 billion, up 7.6%. Sanepar ended the fiscal year with a total of 3.14 million water connections, up 1.6%, while sewage connections rose 4.9% to 2.14 million.
>> The bank ABC Brasil recorded a recurring net profit of $ 457.8 million R $ in 2018, up 5.7% over the same period of the year previous, while he was earning R $ 433 million. In the fourth quarter, net income was R $ 121.4 million, an increase of 9.8% over the last three months of 2017. Total badets increased by 13.8%. % compared to the previous year, moving to Itaú BBA raised the indicative price from $ 30 to R $ 37.50 for the B3 shares by maintaining a purchase recommendation relating to the paper.
"In summary, the operating data of recent months is encouraging and suggests a strong earnings momentum, with annual recurring earnings per share growth expected to be close to 30% in 2019 and 16% In addition, we expect a very active year in terms of supply on the primary market, which should stimulate trading in equities.Finally, the model has been adjusted to incorporate our latest macro scenario, including a lower discount rate, "say badysts.
>> B2W (BTOW3) sees the recommendation reduced to neutral by JPMorgan. The target price is raised from R $ 35 to R $ 46. Already (OIBR4) was outperformed by BBI's Bradesco, with a target price of R $ 1.80, which implies a 26% increase over Tuesday's close.
>> Duratex said on Tuesday that he should make accounting adjustments that will make his fourth-quarter results extremely negative. The adjustments will have an approximate impact of 314 million rubles in Ebitda and 296 million dollars in net income.
The amendments must still be approved by the board of directors of the corporation. The effects will come from measures such as the temporary shutdown of wood panel activities in Botucatu (SP), the closure of the electric shower facilities in Tubarão (SC) and the accounting adjustment of intangible badets.
"These adjustments will take effect a cash flow of about 30 million rand in the fourth quarter, with a positive annual impact estimated at 40 million rand on the company's recurring EBITDA, as of 2019" , informed the manufacturer of wood paneling and sanitary ware
>> According to reports the Value, Saraiva closed three other stores in a month and added in January 82 points in all , according to the monthly report of the company. Of this total, 30 are deportations. According to the retailer's bankruptcy plan, filed Monday night with the Securities and Exchange Commission (CVM), the total debt is $ 675 million. The network of bookstores intends to finish their debts in 2034.
(With Bloomberg, Agência Estado and Agência Brasil)
>> Sanepar had a net income of R $ 320 million in the fourth quarter of 2018, or 107.5% over the same period in 2017, while revenues increased by 7.1% to R $ 1.1 billion compared to the last three months of 2017. Ebitda (earnings before interest, taxes, depreciation and amortization) increased 23.9% in the fourth quarter of the fiscal year to R $ 475.7 million. Source link
