Inflation slows, news of the week quiz and what matters in the market

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Inflation, Daslu auction, Eletrobras stock offering…Are you aware of the main news that marked the week in the market? Do the test:

Inflation comes better than the order

Brazilian inflation, as measured by the IPCA, slowed to 0.47% in May, in a sign that the peak price hike for the year is behind us.

In April, the advance had been 1.06%.

In numbers: the result was lower than expected by analysts, who projected a high of 0.6%. At 12 months, inflation is still above double digits (11.73%), but also dropped in relation to April (12.13%).

four points to understand May inflation:

1 – Transport: was the group that pulled the month’s high, with an impact of 0.30 point percentage and advance of 1.34% –deceleration in relation to April (1.91%).

• Highlight for airline tickets, whose measurement is done two months before and accelerated 18.33%. They were pressured by rising jet fuel and rising demand.

2 – Food and drinks: is another group that has been setting the tone for inflation in the year and helped the IPCA to decelerate in May. The high was 0.48% in the month, after a variation of 2.06% in April.

3 – Housing: was the only group that had deflation in May (-1.70%), with a decrease in electricity (-7.95%) for the second consecutive month.

4 – Diffusion: the index that measures inflation “spread” across sectors of the economy also dropped, which is good news. It went from 78% to 72%a level still considered high.

More on inflation:

Eletrobras offer starts at R$ 42 per share

Eletrobras set in BRL 42 the price of the shares that will be issued in its privatization process, according to Reuters.

At the end of the offer, the Union ceases to be the company’s controller, but will still have a golden share, which gives the right to veto statutory changes, for example.

The company’s common shares ended Thursday’s trading session valued at BRL 43.

How was the process: privatization took place with issuances of shares in Brazil and the USA, reducing the Union’s share in the company from 70% to 45%.

• The privatization offer of the largest energy company in Latin America moved BRL 33.68 billion, but demand approached BRL 70 billion, according to Reuters.

FGTS investors: it is estimated that the demand was also higher than the established limit of BRL 6 billion and that there will be a proportional apportionment of the shares among the investors, considering the reservation request of each one of them. The amounts deposited in excess will be returned to the FGTS.

• Workers will only be able to sell the shares after 12 months, unless they fit into one of the situations in which the legislation allows the withdrawal of the Guarantee Fund (see here what they are).

in numbers: if the values ​​are confirmed, the offer will be the second largest in the world in the year and the largest in 12 years in Brazil – since the capitalization of Petrobras in 2010.

• The government will receive BRL 67 billion with the privatization of Eletrobras, leader in the electric energy generation and transmission segments in the country.

• Of this value, BRL 25 billion will be deposited on demand in the Treasury account as the grant amount.

take a break

• To watch “Super Pumped”

The seven-episode series based on the book “The War for Uber” by journalist Mike Isaac follows the rise and fall of the company’s former CEO, Travis Kalanick.

Remember: The executive resigned in 2017 after scandals involving breaches of user privacy, sexual harassment and a toxic work environment.

• The production tells details of the startup’s foundation in 2009, when it was a racing service with only black and luxury cars, until the adoption of the UberX modality, in 2012, which helped to popularize the app.

Review: “Super Pumped” wants to cover the evolution of Uber, the life of Travis Kalanick and the culture of Silicon Valley, but it gets lost once and for all when it leaves corporate history aside to humanize Travis Kalanick, writes Gustavo Soares.

In addition to the economy:

• podcast from Sheet investigates past crimes behind an abandoned mansion in São Paulo; listen up.