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Markets are heating up: Political and fiscal risks should put pressure on the stock market today, and Ibovespa may again recover from the positive position abroad.

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Markets are heating up: Political and fiscal risks should put pressure on the stock market today, and Ibovespa may again recover from the positive position abroad.

A brazilian stock exchange you have a whole day ahead of you. In the absence of key indicators abroad Ibovespa must turn my gaze to the president Chamber, Arthur Lear (PP-AL), and the President of British Columbia, Roberto Campos Neto, at the XP event in this Tuesday (24)… Find out what’s driving the market Today:

Brazil no direction

Classic photo Yanio Cuadros, the former president of Brazil, clearly shows the current situation in the country. A head to one side, a foot to the other, and a foot pointing in a third direction show how good things are.

Source: Senate Agency.

The election year has already changed the political climate, and the choice is weighed against a precise scale. Call “Creative economy” find a place in Budget this dampens market sentiment and jeopardizes spending ceilings.

Budget space

A PEC court orders, which involves the payment in installments of debts that the government has to the judiciary, began with area of ​​BRL 89.1 billion… government expected spend 57 billion reais in the precatorium and already offers to remove from the ceiling only the “superfluous”, that is R $ 30 billion

The offer occupies an important place in Budget to “fit in” the Auxílio Brasil, formerly called Bolsa Família, costs an average of 300 Brazilian reais. The package of good offices offered by the president of the republic, Jair Bolsonaro, before the elections, is very poorly received by investors due to the fact that he does not save government accounts.

In addition, the growth of tensions with the powers does not give respite to the Brazilian market. President of the Senate, Rodrigo Pacheco (DEM-MG), already stated that tax reform it does not improve the Brazilian system and does not need to be approved by the House of Representatives.

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In the last trading session Ibovespa by the end of the day, a decrease of 0.49% to 117,471 points. O cash in dollars just backed off 0.05% and R $ 5.3820

watch today

Arthur Lyra (PP-AL) attend an XP event this morning. The parliamentarian is expected to comment on the growing discrepancy between Federal government, O STF this is National Congress

Moreover, Roberto Campos Neto also participates in the same event, but in the late afternoon. Promotion inflation is in the focus of attention of the Central Bank, and Campos Neto should provide more details on the monetary policy of this institution.

blue sky outside

On last monday (23), a FDA, a Anvisa American, approved for widespread use vaccine gives Pfizer e BioNTech… The news filled markets with optimism (see below) and sent a positive signal that the pandemic could end.

The delta option clicks on the negative side to reopen. However, research shows that the effectiveness of the vaccine and a possible third dose will be sufficient against new options, which added even more optimism to the exchanges.

the most anticipated

O Jackson Hole Symposium Next Friday (27) should spark a debate about economic recovery countries and prospects for the coming years. O The federal reserve have already signaled the disappearance of stimuli, the so-called taperinglater this year. What to expect from the symposium you can check in Matthew Spiess column by clicking here.

watch today

Since there are no further indicators ahead, investors should stick to to data on sales of new buildings in the USA this is us oil reserves

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Scholarships around the world

The main indices in Asia ended the trading session on Tuesday mostly higher. The optimism of the New York stock exchanges last Monday (23) was due to the full approval of the Pfizer vaccine by the US regulator.

Europe has already begun without a definite direction. The upbeat post-vaccination mood was positive, but recent gains from the last two trading sessions have limited another high day.

Finally, New York futures point to a bullish opening, motivated by the full approval of the Pfizer vaccine by the FDA, US Anvisa. There are still high hopes for a meeting of central bank directors at the Jackson Hole symposium next Friday (27).

agenda

  • FGV: IPC-S Capitals of August (8h)
  • FGV: Economic Climate in Latin America in the Third Quarter (8h)
  • Ipea: Inflation forecast with data until July this year and forecast for the end of 2021 (10h)
  • Chamber of Deputies: Arthur Lyra (PP-AL), President of the House, lecture at the XP event (10:30)
  • USA: New Home Sales in July (11:00)
  • USA: Oil reserves (17:30)
  • Central bank: British Columbia President Roberto Campos Neto Lecture at XP Event (18 hours)

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Politics

Lebanon fails to elect new president for seventh time due to political impasse – Middle East Monitor

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Lebanon fails to elect new president for seventh time due to political impasse – Middle East Monitor

Lebanese lawmakers on Thursday failed to elect a new president for the seventh time as the country grapples with a deepening political and economic crisis, the Anadolu news agency reported.

110 MPs out of 128 MPs took part in the voting.

Michel Moawad, a candidate backed by the Lebanese Armed Forces, won 42 votes, well short of the number needed to win in the first round, while 50 MPs voted against.

Speaker Nabih Berry scheduled the next vote a week later, on 1 December.

A candidate needs two-thirds of the votes (86 MPs) in the 128-MP parliament to pass the first round, and an absolute majority is required in subsequent rounds.

LEI: Lebanon condemns new Israeli violations of naval and air forces

Former President Michel Aoun stepped down on October 31 after serving a six-year term and lawmakers failed to agree on a successor.

Since 2019, Lebanon has been experiencing a devastating economic crisis that, according to the World Bank, is one of the worst the world has seen in modern times.

The country has not had a fully functioning government since May, with Prime Minister Najib Mikati and his cabinet having limited powers in their current interim status.

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talking and political animal

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talking and political animal

There is Ludwig Wittgenstein: language is not only used to describe reality, we also use it to ask for favors, to give thanks, to curse, to greet, to pray…

And it is necessary to take into account the context, the situation, the use. “It’s raining” can state the fact that it’s really raining. But suppose that the mother in the morning, when the son is getting ready for school, says to him: “It is raining”, he at the same time knows that he must take an umbrella. If in a peasant family, after a long drought, as now, the wife opens the window and says to her husband: “It is raining,” then this speaks of contentment. But if you were expecting a pleasant walk and you say, “It’s raining,” you’re in for a disappointment.
Language performs three main functions: expressive, appellative and representative. These functions are related to the relationship established between sender, receiver and objects: there is someone (the sender) who addresses someone (the receiver) to tell him something, making reality real.

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Costa warns of four difficult years and promises to promote harmony in the country

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Costa warns of four difficult years and promises to promote harmony in the country

The socialist general secretary warned this Friday that the next four years will be difficult and demanding, Mario Soares was quoted as calling the PS a “party of national accord” and promising political and social dialogue.

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