The dollar fell slightly against the real in the first deals this Thursday (12), with investors working in standby mode before the announcement of economic measures by the Minister of Finance, Fernando Haddad, and of inflation data from the United States.
At 9:25 am (Brasília time), the spot dollar retreated 0.40%, to R$ 5.160 on sale.
On B3, at 9:15 am (Brasília time), the first contract dollar futures contract rose 0.10%, to R$ 5.185.
The day before, the dollar traded on the interbank market fell 0.40%, to R$5.181 on sale, renewing the low for closing since December 23 (R$5.165).
The Central Bank will hold an auction of up to 16,000 traditional exchange rate swap contracts in this trading session for the purpose of rolling over the maturity of February 1, 2023.
Americans on the radar
Investors are also keeping an eye on Americanas in this trading session. That’s because the retailer announced a R$ 20 billion shortfall in the company’s balance sheet, which made the president resign after the discovery, after ten days in office.
According to a Bradesco BBI report released this morning, the settlement of these accounting “inconsistencies” could affect the company’s creditor banks.
These operations of not including operations with suppliers on the balance sheet are known in the market as “drawdown risk” or “fotfait”. According to BBI, these are operations that use customer receivables to leverage the company with bank financing with the company’s guarantee. And these operations are not included in the balance sheet.
A letter from January last year by the Brazilian Securities and Exchange Commission (CVM) already warned of this practice, telling consultants to alert the companies they audit about the risks of this operation.
For the analysts at Guide Investimentos, Americanas was already facing problems with weak results and errors in the product mix. And now this accounting inconsistency appears with a blatant amount.
Other analysts warn of the systemic risk that the Americanas problem may trigger – not only with banks, but with consulting and auditing companies and other retailers, placing suspicion on transparency in the accounting management of companies.
This year, the shares of Americanas accumulated a rise of more than 23%, after having lost almost 70% last year because of the rise in interest rates.
XP, Itaú, Morgan Stanley and Bradesco are among the houses that have already put the recommendation of the action under review, waiting for greater visibility of the case.
(With information from Thaís Heredia and Reuters)
Source: CNN Brasil
A journalist with over 7 years of experience in the news industry, currently working at World Stock Market as an author for the Entertainment section and also contributing to the Economics or finance section on a part-time basis. Has a passion for Entertainment and fashion topics, and has put in a lot of research and effort to provide accurate information to readers.
