The Ibovespa had a slight variation this Monday, in the midst of an unfavorable external environment, while financial agents continue to follow the negotiations involving the Transition PEC and await a definition by the ministerial team of the new government.

At 11:50 am, the Ibovespa rose 0.03% to 109,014.33 points. The commercial dollar fell 0.49%, quoted at R$ 5.384.

The financial volume amounted to 5 billion reais. This Monday, Brazil will play again in the World Cup, at 1 pm, but Wall Street has a normal session, unlike the selection’s debut in the championship last week, when the combination of the game and the holiday in the United States emptied the bag paulista.

According to the team at Bradesco’s Department of Economics, caution prevails in the markets, amid demonstrations against the Covid-zero policy in China, with stock markets in Europe and the US following the tone in Asia, where the trading sessions had a negative closing.

In New York, the S&P 500 was down 0.5%.

In Brazil, attention remains focused on Brasilia. President-elect Luiz Inácio Lula da Silva (PT) will be in the federal capital this week for talks on the transition PEC and may, according to PT president Gleisi Hoffmann, disclose some information about his choices for ministries.

Despite Congress’ resistance to the fiscal content of the PEC’s initial proposal, assesses Guide Investimentos, the permanence of uncertainties surrounding the negotiations and composition of ministries, together with a cautious exterior and the fall in commodities, are still pressure factors for the market place.

Highlights

– AMERICANAS ON retreated 7.03%, to 10.18 reais, after weaker Black Friday sales data, which also pressured other retailers. VIA ON lost 3.13% and MAGAZINE LUIZA ON had a decline of 0.58%.

– CSN ON fell 3.48%, at 13.33 reais, in a negative session for steelmakers, with USIMINAS PNA down 4.07% and GERDAU PN yielding 0.72%. In the mining and steel sector, VALE ON had an increase of 0.64%. Iron ore futures fell in Singapore but rose in daytime trading on China’s Dalian Exchange.

– ASSAÍ ON advanced 2.34%, at 19.66 reais, after its controller, the French Casino, launched a secondary offer of shares and ADRs for the sale of up to 14.1% of the Brazilian wholesale in a deal that could reach around 3. 66 billion reais. “We see the news as positive, as it enhances governance in Assaí and, going forward, may result in a better allocation of capital to fund greater long-term growth,” said Ativa Investimentos.

– PETROBRAS PN lost operating close to stability, at 23.85 reais, even in the face of a sharp drop in oil prices abroad, while financial agents await developments of the meeting between the company’s president and the transition team this Monday.

– ITAÚ UNIBANCO PN fell 0.23%, to 25.93 reais, and BRADESCO PN fell 0.2, to 15.32 reais.

– BRASKEM PNA fell 2.18%, to 28.33 reais, with the announcement that Roberto Simões will leave the position of president of the company from January 1, 2023 after about three years at the head of the petrochemical industry. He will also step down from the board of directors.