The financial market starts this Thursday (4) digesting the PEC of Precatório and the stock exchanges abroad on the rise.
The futures indexes in the United States operate in high, echoing the meeting of the FOMC (Federal Open Market Committee) yesterday, the Monetary Policy Committee of the American Central Bank.
The decisions came as expected: the American BC announced that it will start reducing stimuli, the so-called tapering, in November, reducing the purchase of bonds from US$ 120 billion to US$ 105 billion.
Jerome Powell once again reinforced the thesis that inflation is transitory and said that the rise in interest rates is far away. Dow Jones, Nasdaq, and S&P 500 all made new highs.
The market is keeping an eye on the OPEC+ meeting today. Despite higher-than-expected oil stock data in the United States and signs that Iran may return to the market with a reduction in embargoes, the commodity rises on the expectation that OPEC members will not increase supply, despite pressure of Americans.
In Asia, stock markets closed higher following the American market and with the Chinese prime minister declaring that he can promote stimuli such as tax cuts in view of the Chinese slowdown.
In Europe, the indices rise with positive balances and the decision that just came out of the British central bank, keeping the interest rate unchanged.
Brazil
The Chamber of Deputies approved the PEC dos Precatório in the first round, by 312 to 144 votes, a margin of only four votes above the necessary.
The PEC still needs to be approved in the second round before going to the Senate. Arthur Lira (PP-AL), president of the Chamber, said that the vote could be left until next Tuesday.
In order to approve the PEC, Lira and the allied base made an agreement with the opposition to split the Fundef’s orders in three installments.
In a way, the advance of the PEC brought some relief. The market feared that, without it, the government and Congress would adopt worse alternatives, such as a public calamity decree, which would set a precedent for more uncontrolled accounts.
More positive data on the fiscal side, such as the 10-month 2021 trade balance surplus, which broke a record, helped to bring some encouragement. Yesterday’s Copom minutes also helped, which showed a tougher central bank compared to last week’s statement.
agenda of the day
Industry data came out today, which fell 0.4% in September, slightly below market expectations of a 0.3% drop.
The IBGE (Brazilian Institute of Geography and Statistics) highlights that in September the retraction was more concentrated in few activities, and that food brought the result down, both because of sugar production, with climate problems, and because of meat, with the suspension of exports to China.
There is also the auction of 5G, which should move with shares of Tim and Vivo, in addition to América Móvil, listed on the NYSE.
Reference: CNN Brasil
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