Markets remain focused on assessing the magnitude of the risks of the Ômicron variant of Covid-19. The new information brought the perception that the variant is less harmful than it initially appeared.
Big pharma seem confident that a new vaccine should be released quickly, and there is no confirmation that Ômicron is particularly dangerous.
Around 10:09 am, the Ibovespa rose 0.18%, to 102,409 points. The dollar fell 0.16%, quoted at R$ 5.6004.
The South African government adviser said cases of the new strain have mild symptoms, and that mutations in the new strain appear to destabilize the virus, reducing the chances of Ômicron being dominant over Delta.
With this new information, the markets have been recovering from the falls suffered on Friday (26).
In the United States, futures rise, while in Europe stock exchanges operate on a high, driven by shares in sectors linked to the reopening, mainly travel and leisure, which were the biggest falls on Friday.
In Asia, indices closed lower as the market was closed when news about the Ômicron variant gained traction. Therefore, the falls happened this Monday.
Brazil
Coming to Brazil, in addition to monitoring the impacts of Ômicron, investors are keeping an eye on the busy schedule of indicators for the week.
This Tuesday (30), employment data will be released, with Pnad and Caged. On Thursday (2), the GDP result for the third quarter will be released. On Friday (3), the industry data will be released.
The market expects some improvement in employment data. In GDP, the same factors that slowed growth in the second quarter, such as inflation, interest rates and fiscal and political uncertainties, intensified. If the GDP is negative, the economy could go into recession, when it presents two consecutive quarters of decline.
In politics, Congress can vote today on the bill on the rapporteur’s amendments. Parliamentarians try with the bill to circumvent the decision of the Supreme Court to make the amendments public, defining that only future amendments have publicity, but not past ones.
Agenda of the Day
The Central Bank Focus Bulletin was released. The inflation projection for Brazil rose for the 34th time in a row, going from 10.12 to 10.15%. For 2022, the forecast rose from 4.96 to 5%.
Projection of GDP dropped. In 2021, it went from 4.8 to 4.78%. In 2022, from 0.79 to 0.58%. The Selic rate was maintained at 9.25 for this year and 11.25 for next year.
General Market Price Index (IGPM) rose 0.02% in November, decelerating from October, but still accumulating a rise of 17.89% in 12 months. Fuels pressured prices, but commodities such as soybeans, corn and iron ore fell.
Abroad, data on sales of real estate in the US will be released. Speeches are expected from officials of the Federal Open Market Committee (FOMC) and Treasury Secretary Janet Yellen.
Reference: CNN Brasil
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
