Assembly that will decide the possible stoppage of categories of federal civil servants and the result of inflation data in Brazil move the market this Wednesday (29).
Starting abroad, American futures open slightly higher, still driven by the traditional year-end rally and the truce in the interest rate market, which drives stock exchanges.
A study from South Africa which indicated that the Ômicron variant can boost resistance against the Delta variant by four times brings relief. The study signals that Ômicron may take Delta’s place as dominant, reducing the incidence of more severe Covid-19 cases.
In Europe, exchanges operate mixed, amid rising New York and increasing restrictions caused by Ômicron. The Irish and UK markets reopened after the Christmas holidays.
In Asia, stocks closed down, in correction after the highs of the last few days and influenced by the caution about the Ômicron variant. Highlight for the Chinese Central Bank’s liquidity injections.
Brazil
In Brazil, investors monitor the assembly of categories of federal civil servants at 10:30 am, which will decide on a possible stoppage.
After the government promised readjustments to the federal police, other categories started to charge readjustments. Federal Revenue Service employees were the first to mobilize and 700 auditors have already left senior positions. Analysts assess that the situation increases the fiscal risk, since, if the government gives in to the requests, there could be more pressure on the public accounts.
Petrobras is also in the spotlight after the justice of Rio de Janeiro granted an injunction favorable to the request of the Legislative Assembly of Rio de Janeiro (ALERJ) to suspend the 50% readjustment in the price of gas.
The Ibovespa has a slight increase of 0.03%, to 106,080 points, as well as a slight increase of the S%P Futuro, of 0.09%, to 4,790 points. The dollar has a slight drop of 0.08%, to R$ 5.63.
Agenda of the Day
This Wednesday, FGV released the IGP-M, an inflation index known for correcting rents. The index advanced 0.87% in December, after being almost stable in November, with a slight increase of 0.02%. The result was above market expectations, which expected an increase of 0.65%.
The index was driven by the increase in producer prices, with emphasis on cattle, which rose 11.69% with the resumption of exports to China. The rise of coffee, 12% and sugarcane, almost 3%, affected by frosts and droughts also pressured the index.
The Getúlio Vargas Foundation (FGV) also highlights that the increase of 57.13% for sugarcane in the year and 152.35% for coffee help explain the increase in the index of more than 20% in the year.
On Wednesday’s agenda there is also the result of the November treasury and the weekly foreign exchange flow, at 2:30 pm. It also happens today the auction of Block 3 of the State Water and Sewage Company of Rio de Janeiro (CEDAE), for concession of water and sewage services in the West Zone of Rio and in another 20 municipalities in the state.
In the United States, you have the results of the trade balance, pending home sales and oil inventories.
Reference: CNN Brasil
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