Politics
Decrease in local political tensions led to a 1.66% increase in the stock market; dollar falls by 1.39%
Domestic assets rose steadily in the session this Thursday, the 27th, largely due to the positions of the candidates for the presidency of the republic. ibovespa, main index gives B3, as a result rose by 1.66% to 114,640 points. On the other hand, the dollar closed at R$5.37, down 1.39%. The political scenario also influenced the success Petrobras.
Among the impulses of the daily movement is the easing of tension between Jair Bolsonaro this is Supreme Electoral Court (TSE) after the President stated that his challenges would be held “within the four lines of the Constitution”.
However, in the last half hour of the session, the spirit came from Luis Inacio Lula da Silva. The PT candidate released a “Letter to Brazil of Tomorrow” in which he committed to a responsible fiscal policy that “should follow clear and realistic rules.” The nuance of the speech raised the stock by a thousand points in just one minute.
USA above expectations
While the political scenario in Brazil continues to be the main vector of business, investors soaked up the heavy agenda abroad this Thursday. Pre-reading Gross domestic product (GDP) from the U.S. grew 2.6% year-on-year in the third quarter, better than expected (2.4%), but did not eliminate the prospect of a slowdown in activity in the coming quarters and a possible recession in 2023.
Reinforcing the point of view that Federal Reserve (Fed, US central bank), after raising the base rate by 0.75 percentage points in November, slowing down to 0.50 points in December, Treasury rates (US Treasury bonds) retreated, giving a breath to emerging currencies and commodities . exporting countries, including real.
Continuation after commercial
Treviso Corretora currency manager Reginaldo Galjardo said the day was favorable for the dollar to fall. “There are bets on a more relaxed Fed. Here, the positive signs of the Brazilian economy, such as a decrease in unemployment, have helped keep interest rates stable,” he said, referring to Copom’s decision to keep the Selic rate at 13.75% per annum.
“In addition, the highs of recent days made exporters aware of their position, which helped to bring down the dollar. The fight continues in the range of 5.20 to 5.40 reais,” said Galjardo.
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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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