After the fall of 3.4% on Friday (26) due to the uncertainties brought by the new omicron variant of the coronavirus, the Brazilian Stock Exchange starts the week partially recovering from recent losses. The main stock index in the local market, the Ibovespa traded up 0.55% around 12:15 pm, at 102,821 points.
At the same time, the dollar fluctuated at a slight increase of 0.14% against the real, quoted at R$ 5.6030 for sale.
Influenced by a movement of lower risk aversion in the global market, the Brazilian stock exchange has a recovery session guided by commodity papers —Usiminas, Braskem and PetroRio operated with a high above 4% this Monday, while Petrobras shares appreciated close to of 1%.
Oil also fluctuated in the positive field this morning, up 3.6%, to US$ 75.32 (R$ 420.73), with investors waiting for a meeting of the main producing countries (OPEC+) scheduled to take place in Thursday (2).
In addition to the recovery of commodities, the discussions surrounding the sale of the stake held by the state-owned petrochemical company contributed to the rise in Braskem and Petrobras shares.
In a statement released on Friday (26), the oil company informed that its participation in Braskem continues to be part of the assets included in its portfolio management.
“Petrobras maintains its position in seeking the full sale of its stake in Braskem and continues to carry out studies to determine the best structure for this transaction,” said Petrobras, adding that there is still no definition or decision on the matter, including a deadline for possible transaction. Braskem said not to comment on matters relating to its shareholders.
Global good mood helps offset the continued deterioration in prospects for the local economy. Highlight on the domestic agenda of the day, the Focus survey by the BC (Central Bank) showed a new rise in inflation projections.
For 2021 the bill increased for the 34th week in a row and was up 10.15% from 10.12% before, well above the target of 3.75% with a tolerance margin of 1.5 percentage points or so.
For 2022, the account increased by 0.04 point and reached 5.0%, exactly the ceiling of the target, as this will be 3.5% next year, also with a margin of 1.5 point. It was the 19th time in a row that the projection increased.
In addition, the FGV (Fundação Getulio Vargas) disclosed that the IGP-M (General Market Price Index), also known as rent inflation, rose 0.02% in November, reaching 17.89% in 12 months.
According to XP analysts, the focus of the markets will continue this week on the processing of the PEC dos Precatório, the constitutional amendment that makes room for additional government spending next year, limiting the value of the payment of court orders and changing the ceiling calculation of constitutional spending.
Regarding the results of Black Friday, experts say it is difficult to have an accurate understanding of the event’s impact on listed companies in the e-commerce sector. This is based on the assessment that the result was spread throughout the month, as all companies have been very active since the beginning of November.
“Our expectation is that companies show solid growth in online in the 4th quarter, but with pressured profitability.”
Among the companies in the sector, Lojas Renner and Magazine Luiza registered an increase of 1.5% this morning, while the shares of Soma and Marisa fluctuated close to stability.
In international markets, the day is bullish for riskier assets in the United States and Europe, after the widespread sales of the last session on account of the new variant of the coronavirus.
The S&P 500 was up 1% this Monday, while the Nasdaq was up 1.4%, and the Dow Jones, 0.3%. The broad Euro Stoxx 50 index for the Old Continent, on the other hand, had a high of 0.9%.
“The new variant is still being studied and its resistance to vaccines has been confirmed. The market continues to follow along”, says Pietra Guerra, stock specialist at Clear Corretora.
In the international economic calendar, the highlight of the week are the numbers of the American labor market, which should be released on Friday (3).
“A strong number would consolidate the view that the Fed could start raising interest rates in the first half of 2022 as inflation continues to rise as last Friday’s consumption deflator figures showed. may change that conclusion, depending on its effect on economic activity,” highlights the XP analysis team.
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