Tuesday (3) began with American futures opening the day close to stability, while fears remain the same as in recent weeks in the market: rising interest rates in the world.
Australia raised interest rates by 0.25 percentage point, an unexpected increase and bolstering global inflation sentiment. The rise in interest rates in the country also increased fears of a global recession.
In Brazil, a survey carried out by the Brazilian Association of Energy Traders (Abraceel) showed that the free energy market broke record sales last year.
According to the survey, the billing in 2021 of this market corresponded to R$ 162 billion – an increase of 33% over the R% 122 billion billed in 2020. The data also showed that the cost of the free energy market is 27% lower than the regular market cost.
Luiz Eduardo Barata, former director of the ONS, explained that the costs are lower because in the regulated market consumers have to bear costs that do not exist in the free market.
Another highlight is the increase in gasoline. According to a CNN survey based on ANP data, between January 2 and April 3, fuel rose approximately 10%.
The liter of oil jumped from almost R$6.60 at the beginning of the year to R$7.28 in April. This shows that filling the tank in Brazil is currently R$30 more expensive compared to January. The number is even higher when compared to the last 12 months, reaching more than triple, with R$ 100 more expensive.
Presented by Thais Herédia and Priscila Yasbek, the CNN Money presents a balance of news issues that influence markets, finances and the direction of society and the dynamics of power in Brazil and in the world.
Listen to past episodes of the podcast:
Episode 05/02 – Market awaits decision on interest rates in Brazil and the US on “Super Wednesday”; IPI has limited effect
Episode 04/29 – April may be the worst scholarship month in 2 years; market monitors big tech performance –
Episode 04/28 – Facebook and balance sheets boost stocks; the collapse of the yen; and null IPOs of 2022
Episode 04/27 – Russia cuts gas to Poland and Bulgaria; Deutsche sees interest at 6% in US; and dollar in BRL 5
Episode 4/26 – The Future of Musk’s Twitter; interest takes 9 months to hit the economy; lockdown in China
Episode 4/25 – Markets plummet with fears over Beijing lockdown and US interest rates
Episode 04/22: Fed stirs up market with tougher speech, and Brazil does not escape global bad mood
Episode 04/21: Eletrobras trial pause worries, but market remains optimistic about capitalization
Episode 04/20 – Bento Albuquerque presses TCU for capitalization of Eletrobras
Episode 04/19 – Cryptocurrency Milestone Can Be Voted Today; IMF and the risk of stablecoins
Episode 4/18 – Inflation, economic growth and war in Ukraine dominate debate at IMF meeting
Episode 04/15 – Petrobras CEO’s first speech pleases the market; budget and minimum wage 2023
Episode 04/14 – End of the Petrobras telenovela; US threatened as a safe haven for investments
Episode 04/13 – Petrobras Assembly goes beyond the change of command; US inflation brings relief
Episode 04/12 – US Inflation Haunts Markets; green flag until December; and record default
Episode 04/11 – Strike in BC keeps Copom without data; French elections affect the market
Episode 08/04 – With a new record in the price of food, inflation is the biggest problem in the world today
Episode 07/04 – Petrobras in the last chapter and Eletrobras waiting for privatization
Episode 06/04 – The whole world is waiting for what the Fed says about high inflation in the US
Episode 05/04 – How the market reacts and what it expects from the new candidate for the presidency of Petrobras
Episode 04/04 – See what to expect from Petrobras shares after a weekend of surprises
Also check out the other podcasts from CNN Brazil and subscribe to the channel on YouTube.
Source: CNN Brasil
