Overseas markets are beginning to recoup losses earlier in the week caused by insecurity about the Ômicron variant of the coronavirus. The variant is far from being overcome, but investors are pinning their hopes on the advancement of drugs that would effectively prevent the disease from getting worse.
In Germany, the confidence index fell 6.8 points in January, much more than the estimate for a fall of 2.5 points. Inflation and the cost of living are the biggest concerns of Germans, who show a greater propensity to save than to consume.
Brazil
On Monday (20), when the markets were already closed, the Central Bank (BC) announced that it would sell the dollar in cash, this Tuesday morning (21), in an attempt to contain the rise in the currency American.
The American currency closed sharply higher on the second (20th), quoted at R$ 5.74, the highest level since March this year. The BC’s offer will be for 500 million dollars and the auction could avoid the devaluation of the real.
The Central Bank continues with rollover exchange swap auctions to cover the demand for market overhedge, which has increased significantly in the last month of the year.
The 2022 federal budget is not yet closed and there is a conflict between the wishes of president Jair Bolsonaro, minister Paulo Guedes, the budget rapporteur and the leaders of the center. The reason is the division of the extra resource that arose after the approval of the PEC dos Precatórios.
The biggest concern of the economic team is the readjustment for federal police officers. After intense negotiations, Deputy Hugo Leal (PSD-RJ), rapporteur of the Budget, will include in his opinion the forecast of approximately R$ 1.7 billion for the readjustment of remuneration in the careers of the Federal Police (PF), of the Police Federal Highway (PRF), the National Penitentiary Department (Depen) and the Ministry of Justice.
The session of the Mixed Budget Commission of the National Congress takes place this Tuesday (21) and the debate will be closely followed by the Brazilian market.
agenda of the day
The market is eyeing the division of the federal budget and expects this to be the last political debate of the year.
Eletrobras sent a statement to the Brazilian Securities Commission (CVM) saying that it was informed about a meeting of the National Energy Policy Council (CNPE).
The CNPE must update the value added by the new energy generation contracts for the company’s plants. In the statement to CVM, Eletrobras states that this update had already been made and sent to the Ministries of Economy and Mines and Energy.
The privatization of the company will be postponed and there are doubts if it can happen in the first half of next year.
On Tuesday (21) the Internal Revenue Service releases the November collection, with an average expectation of R$ 156 billion for the result.
Reference: CNN Brasil
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