One day you lose, the next you try to recover. This has been the roadmap for the markets in recent weeks.
Friday (11) started on the positive side in Europe, anchored by the release of data on the UK’s economic activity – greater than expected – and a change in posture from the European central bank, admitting inflation above 5% this year. and accelerating the withdrawal of stimuli.
Vladimir Putin announced that there had been some change in the dialogue with Ukraine, but did not elaborate.
The US government managed to approve on Thursday night (10) a package of almost US$ 14 billion in aid to Ukrainians, with massive support among Republicans.
Already the negotiation for an agreement with Iran, which would increase the supply of oil in the market, lost strength, and the barrel of Brent and WTI (West Texas Intermediate) are on the rise.
Brazil
Here in Brazil, the week ends with a certain drink there, here too.
The IPCA result for February came out just now and was above expectations: 1.01%, the highest for the month in seven years. Education and food pulled the result, but all groups of products and services were up last month.
The average spread of prices in the economy rose to close to 75%. In twelve months, the IPCA accumulates a high of 10.54%.
Petrobras announced the biggest increase in fuel prices in two decades, with diesel prices rising almost 25% for distributors.
The policy approved yesterday, in the Senate and in the Chamber, the two projects that affect the formation of fuel prices. One of them creates the stabilizing fund, the other changes the ICMS collection calculation.
Congress also created gas and gasoline aid and put a foot on Petrobras’ pricing model by including internal production costs in addition to imports from the exchange rate.
Both projects can now be sanctioned by the government. But first, it is necessary to overcome the electoral law that prevents the creation of benefits in an election year. Petrobras also needs to better understand how to apply what the National Congress wanted.
The states promised to fight in court against a single ICMS rate.
Economy Minister Paulo Guedes managed to postpone the application of a price subsidy.
Forecasts for the IPCA for the year were revised yesterday with an announcement by Petrobras. After the February index, a new round should take place. Today is the day for data collection for the Central Bank (BC) focus.
Andre Braz predicts IPCA (Broad Consumer Price Index) of up to 7.5% because of the Petrobras adjustment, fearing to sin for the lack and not for the excess in the calculation of the indirect impacts on the economy.
Indexes
The futures Ibovespa is up 0.63% with 115,256 points. The dollar fell 0.42% at R$4.99 and S&P futures rose 1.22%.
Agenda of the Day
In Brazil, the market monitors the repercussions of the approval of projects that intend to reduce fuel prices and, at 11 am, the government announces the national fertilizer plan. As anticipated by CNN, the plan has little effect in the short term as it aims to reduce dependence on imports by up to 30 years.
Abroad, the market follows the war in Ukraine and declarations by leaders in Europe and the United States.
Source: CNN Brasil
