The last trading session of the Ibovespa in 2021 takes place with the market eyeing the Ômicron variant and the uncertainty regarding the strike of federal employees.
Abroad, in the United States, the indices renewed their highs on Wednesday (29), once again pulled by the traditional Christmas rally. This Thursday (30), futures open close to stability, with the Ômicron variant keeping investors cautious.
The warnings from the World Health Organization contribute to the apprehension. The WHO said that the new variants of Covid-19 could spread in regions with a low rate of vaccination, and thus become resistant to vaccines.
In Europe, the stocks are stable or with slight losses, also because of the news about Ômicron. France, Portugal and the UK set new records for Covid-19 cases on Wednesday. Also noteworthy is the inflation data in Spain, which closed 2021 at the highest increase in 1992, driven by energy prices.
Moving to Asia, stocks closed higher, reflecting the strong rises of the fourth in New York. In China, the government has said it will extend the tax breaks to households until the end of 2023. Evergrande’s shares are back on a slump with yet another unpaid bond maturity.
Samsung and other companies said the lockdown in Xian could cause delays in semiconductor deliveries.
Brazil
Coming to Brazil, the stock market is heading to close the year with a drop of more than 10%, reflecting the year marked by downward revisions of the economy, given the increase in fiscal risk and inflation data. The higher-than-expected IGP-M caused the Ibovespa to take off from foreign exchanges on Wednesday, closing down 0.75%.
The announcement of the strike of federal employees also weighed negatively. Fonacate, an association that represents the elite of civil servants, met yesterday. The servers have decided that they can make stoppages for one or two days in January and even a general strike, without a deadline, starting in February. The objective is to pressure the Federal Government to grant a generalized salary readjustment. The union of employees of the Central Bank has already warned that the top positions should start to be handed over on January 3rd.
Higher-than-expected inflation and the stoppage, which creates pressure for more spending, raise the level of internal uncertainty. The worsening in risk perception has already hit the interest rate curve, which rose. Higher interest rates also affect the stock exchange and help explain the fall in the Ibovespa.
Agenda of the Day
On Thursday’s agenda, the FGV business confidence index and Aneel decide, during the day, the tariff flag for the month of January 2022.
Abroad, China releases its activity index, the December 2021 PMI, at 10 pm. Applications for unemployment insurance in the US also leave at 10:30 am.
Reference: CNN Brasil
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