The tension in Ukraine, the minutes of the Federal Reserve System (FED), the American central bank, and the visit of President Jair Bolsonaro (PL) to Russia and the discussion of the PEC of Fuels in the Senate are highlights for the markets of Brazil and the world this Wednesday (16).
Overseas, US futures were close to stability in the morning. In line with yesterday’s troop withdrawal announcement, the Russian Defense Ministry today released a video showing soldiers leaving the Crimean peninsula, which created a sense of relief for markets.
The North Atlantic Treaty Organization (NATO), however, has asked Moscow to prove it is backing down, saying there are signs that more troops are on their way to the border region. The United Kingdom and the United States were also skeptical. In Ukraine, the Defense Ministry said an “unprecedented” cyberattack was in its second day.
The day is also one of caution with the release of the Federal Open Market Committee (FOMC), the American monetary policy committee. With consumer inflation at the highest level in four decades and producer inflation data released yesterday coming in higher than expected, the Fed may harden its speech on interest rate hikes.
In Europe, the indices operate mixed, after consumer inflation in the UK rose to the highest level since 1992, maintaining a cautious mood. In Asia, stocks closed higher with less tension in Eastern Europe and lower-than-expected inflation in China.
Brazil
The highlight on the national scene is the trip of President Jair Bolsonaro to Russia. This morning, he met with Russian President Vladimir Putin. In their opening speeches, both Bolsonaro and Putin indicated that they expect increased cooperation between the two countries, with the Brazilian president citing areas such as defense, oil, gas and agriculture.
With investors migrating to commodities and looking for higher interest rates, the dollar closed yesterday at R$5.18 – the lowest index in five months.
Attention is also focused on the PEC of Fuels, based on Semado for today. The fixed ICMS and stabilization fund projects are met with resistance from Senate wings, who defend Senator Carlos Fávaro’s PEC (PSD-MT), nicknamed “kamikaze”.
In the corporate scenario, it is worth mentioning that the Federal Audit Court (TCU) approved the first phase of Eletrobras privatization.
Indexes
The Ibovespa futures had another strong rise in the morning – this time, 1.50%, with 116,540 points. The dollar continues down 0.26% and is quoted at R$ 5.16. S&P 500 futures are also down 0.06% to 4,468 points.
agenda of the day
This Wednesday, in addition to Bolsonaro’s visit to Russia, the exchange rate is expected at 2:30 pm.
Abroad, the minutes of the Fomc are expected at 4 pm. US retail sales and industrial production data are also expected to come out today.
Source: CNN Brasil