Politics
Ibovespa returned to 120 thousand points, good external mood, political scenario and what drives the market this Wednesday
O Ibovespa, the main index of the Brazilian stock exchange, closed at a strong high 2.33% in the trading floor of last Tuesday, 24th, at the address: 120210.75 pointsafter a series of falls caused by increased uncertainty in the domestic political scenario and increased risk aversion due to the growth of the delta option and its consequences for economic progress.
Ultimately, the indicator was driven by commodity companies, fueled by the rise in iron ore production, which has put pressure on Vale and steelmakers in recent days.
Construction, retail and aviation companies also rallied amid declining risk aversion, boosted by good spirits following the full approval of the Pfizer vaccine by the US regulator, the FDA, which means it could boost vaccination rates and reduce vaccine distribution. option.
Another moment that contributed to the good mood was a speech by Arthur Lear, President of the Chamber of Deputies, in which he reaffirmed his commitment to the inspector and stated that he was against the reform vote this week.
On the foreign market, American stock exchanges strengthened their highs, S&P, Nasdaq e Dow Jones yesterday the day ended with growth of 0.15% (4,486 points), 0.52% (15,019 points) and 0.09% (35,366 points), respectively.
Investors have been looking for clues as to what the next steps will be for the Federal Reserve (the US central bank) and its bond buyback program.
This week’s Jackson Hole Symposium runs Thursday through Saturday. The market expects Fed officials to elaborate on their plans to reduce monetary stimulus. Another factor that has driven the market and should remain in sight is the billionaire bond purchase program at the end of 2021. Fed President Jerome Powell’s speech should be watched closely next Friday.
The disclosure of IPCA-15 will be on the economic agenda this Wednesday, the 25th, at 9:00 am. We will also have information about the consumer survey. Outside the US, at 11:30 (Brasilia time), information on oil reserves will be released.
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Yesterday, financial agents evaluated the opposite decision of the Federal Supreme Court (STF) regarding the so-called secret budget. In addition, a decision was made by STF Minister Gilmar Méndez to issue an injunction that would exclude the Bolsa Família from the spending cap rule, with investors trying to understand how this measure would affect the processing of the transitional PEC in the Chamber of Deputies. Oh this PEC!!!!
Since he is an exchange investor, any reading that the budget will be exceeded or become more flexible will negatively affect the exchange market, whether through the PEC or in any other way. We will continue with volatility today.
Looking beyond, the US Central Bank (Fed), although slowing down the pace of monetary tightening at its December meeting, issued a tougher-than-expected statement warning that its fight against inflation was not yet over, raising fears that rising US interest rates will push the world’s largest economy into recession.
The currency market continues to react to political news. The voting on the PEC is saved for today. It is expected that it will indeed be reviewed to open the way tomorrow for discussions on the 2023 budget.
For today on the calendar we will have an index of consumer confidence in the eurozone. Good luck and good luck in business!!
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The former president of the Corinthians dreams of working for the CBF as a national team coordinator. He was consulted shortly after Lula’s election.
Former Corinthians president Andrés Sánchez was advised to take a position in the Ministry of Sports under the administration of Lula (PT). However, he ruled out a return to politics. dreams of taking over the coordination of CBF selectionHow do you know PURPOSE.
No formal invitation was made to the former Corinthian representative, only a consultation on a portfolio opportunity with the new federal government, which will be sworn in on January 1, 2023.
Andrés was the Federal MP for São Paulo from 2015 to 2019. At that time he was elected by the Workers’ Party. However, the football manager begs to stay in the sport, ruling out the possibility of getting involved in politics again.
Andrés Sanchez’s desire is to fill the position of CBF tackle coordinator, which should become vacant after the 2022 World Cup. Juninho Paulista fulfills this function in Brazil’s top football institution.
The former president of Corinthians was in Qatar to follow the World Cup along with other figures in Brazilian football. During his time in the country, he strengthened his ties with the top leadership of the CBF.
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The agreement was approved by a supermajority at a ministerial meeting of member states in Brussels, Belgium, after months of discussions about the best way to contain the rise in natural gas prices in the bloc caused by Russia’s invasion of Ukraine. .
The value set by the countries is well below the proposal made by the European Commission, the EU’s executive body, in November: 275 EUR/MWh. However, the countries leading the cap campaign were in favor of an even lower limit, around 100 EUR/MWh.
Germany, always wary of price controls, voted in favor of 180 euros, while Austria and the Netherlands, also skeptical of the cap, abstained. Hungary, the most pro-Russian country in the EU, voted against.
The instrument will enter into force on 15 February, but only if natural gas prices on the Amsterdam Stock Exchange exceed 180 euros/MWh for three consecutive days. In addition, the difference compared to a number of global benchmarks should be more than 35 euros.
Italy, the EU’s biggest supporter of the ceiling, has claimed responsibility for the measure. “This is a victory for Italy, which believed and worked for us to reach this agreement,” Environment and Energy Minister Gilberto Picetto tweeted.
“This is a victory for Italian and European citizens who demand energy security,” he added.
Currently, the gas price in Amsterdam is around 110 EUR/MWh, which is already a reflection of the agreement in Brussels – in August the figure even broke the barrier of 340 EUR/MWh.
However, Russia has already threatened to stop exports to countries that adhere to the ceiling. (ANSA).
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