On the day of massive losses, Ibovespa, the main B3 index on Thursday, January 21, closed with a 2.75% drop. 107,735 points with investors are worried about the worsening fiscal situation in the country.
On Ibovespa, the only stocks to close higher were Suzano (SUZB3), which gained 1.47% following the announcement of the expectation of the plan. removing 40 million tonnes of CO2 from the atmosphere by 2025; and the BB Seguridade (BBSE3) papers, which had a slight increase of 0.80%. Klabin blocks (KLBN11) closed stable.
The index’s biggest loss was with Getnet (GETT11), whose units recorded a 19.76% drop since its debut at B3 on Monday.
Among the highlights of the day, the special committee Proposed Constitutional Amendment (PEC) Precatorium the cost ceiling rule has been changed. This change uses a new methodology that takes into account the consumer price index (IPCA) from January to December, rather than the period from June to June.
If the change is approved, the government will be able to increase spending by 8.7%, which is inflation market analysts forecast for this year.
If this larger reserve is added to the increase in the part of the payment of court orders, the budget for 2022 is approximately R $ 83 billion.
It is worth noting that this budget space will be used to finance adjustments to social programs within the spending ceiling.
To make matters worse, the foreign market contributed to the collapse of the Brazilian stock exchange. with concerns about the Chinese real estate sector and rising global inflation.
On wall street The Dow Jones Index closed almost steady, with a slight fall of 0.02% to 35,603 points; S&P 500 rose 0.30% to 4549 points; the Nasdaq index rose 0.62% to 15,215 points.
Economic agenda
There are no indicators on the agenda this Friday, August 22nd. Thus, the focus remains on the political scenario. the resignation of Bruno Funchal, Special Minister of Finance and Budget, and Jefferson Bittencourt, Secretary of the National Treasury, should affect investor sentiment.
The panic in the ministry was even greater when Deputy Special Secretary of the Treasury and Budget Guildenora Dantas and Deputy Secretary of the National Treasury Rafael Araujo left their positions.
According to the portfolio, ministry employees left for personal reasons.
The foreign economic agenda is expected to publish data on various purchasing managers’ indexes (PMI). PMI from Germany, Eurozone and USA will leave.
