Market operates with an eye on maximum US indices and employment data in Brazil

Tuesday (28) begins with markets eyeing the highs of the indices in the United States and employment data in Brazil.

Data released in the morning of the National Household Sample Survey (PNAD) pointed out that the unemployment rate in Brazil fell to 12.1% in October, compared to 12.6% in the quarter ended in July. There are 12.9 million unemployed people in the country. The result was better than market expectations, which expected a rate of 12.3%.

Abroad, the S&P 500, one of the main indices on the American stock exchange, closed Monday (27) at a new high, setting 69 record points in 2021. Futures continue rising this Tuesday morning.

The rise is explained by the traditional Christmas rally, Techs stock advance, and by news suggesting that the Ômicron variant of Covid-19 is less lethal, despite being more transmissible. A South African study indicates that Ômicron has up to 70% less chance of hospitalization than Delta.

In Europe, stocks rise, following the positive mood in the United States. However, investors are monitoring new restrictions on the continent. In France, with new Covid-19 cases rising from 100,000 a day, the government has announced the requirement for remote work three days a week and a health passport for indoor places valid only for fully vaccinated people.

Moving to Asia, stocks closed higher, reflecting the optimism of other parts of the world.

Brazil

In Brazil, the Ibovespa index closed positively in the wake of increases abroad and driven by the actions of retailers. The highlight goes to Magalu, which rose more than 9%, to Via, up 8%, and to Americanas, with almost 4%.

Data on a 10% increase in sales in Natal compared to 2020 and a survey by Mastercard, which showed strong sales in Brazil and the United States, helped to boost the shares.

The movement of retailers is also explained by the slight drop in the inflation forecast of the Focus Bulletin, which helps to reduce expectations of high interest rates. Online retail and tech companies have much of the revenue forecasted over the long term, so analysts calculate whether these stocks are worth discounting the interest rate. Therefore, whenever the prospect is for lower interest, stocks tend to rise.

Despite the highs in retail, brokerage Nova Futura notes that tensions with a possible stoppage of federal employees may slow down the constructive scenario. Several categories will meet this Wednesday (29), at 10:30 am, to decide on a general strike for salary readjustments.

The Ibovespa Future rose 0.22%, at 107,060 points, with the dollar up 0.21%, at R$ 5.65. already the S&P Future rises 0.27% to 4,804 points.

Agenda of the Day

On the agenda, in addition to the announcement of the unemployment rate in Brazil, real estate prices and oil inventories in the United States are the highlights.

Reference: CNN Brasil

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