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Markets resonate with positive surprise with services and continue with the US on the radar

Markets are keeping an eye on the repercussions of the inflation result in the United States and with data from the services sector for November in Brazil.

Starting abroad, US futures operate close to stability, after the result of inflation data on Wednesday (12). Despite being the highest inflation in four decades, the market feared that the data would come much worse. As the result was in line with expectations, it brought some relief, and stocks rose.

Today, the day is more cautious. High inflation pressures the yield curve and investors await data on producer inflation, unemployment insurance and statements from members of the Federal Reserve (Fed).

Investors also monitor the Omicron variant of the coronavirus. The World Health Organization (WHO) said 15 million cases were reported in a week, and that the variant is still hospitalizing many people, despite being less serious.

In Asia, stocks fell, with the advance of Covid-19 and the opening of interest rates. In Europe, stocks follow the United States and are close to stability.

The market follows the climate of pressure for the resignation of British Prime Minister Boris Johnson, which includes members of his party, after he admitted to having attended a party during the lockdown.

Brazil

Coming to Brazil, American inflation, as expected, reduced risk aversion, helped emerging markets, and the Brazilian stock market rose the day before.

This Thursday, the day points to a more pessimistic tone, with the escalation in the pressure of servers for salary readjustments. Parliamentarians from the bullet bench press President Jair Bolsonaro (PL) to guarantee the readjustment to the federal police, saying that it would be worse for the president to go back.

The economic team wants to bar any increase and the president, who seeks to wave to servers in an election year, has until January 21, next Friday, to sanction or veto the budget.

Another point of attention for the market is the decree signed by the President of the Republic, which gives power to the Civil House to execute the budget. Analysts believe that the measure weakens the Minister of Economy, Paulo Guedes, and gives more power to the center in an election year, which brings more pressure to public spending.

Finally, the IBGE service data has just been released. The sector grew 2.4% in November, well above market expectations, which projected a 0.2% advance. As a result, the sector recovered the accumulated loss of 2.2% in September and October. Now, the sector is 4.5% above the pre-pandemic level recorded in February 2020.

The Ibovespa Futuro fell 0.51% this morning, at 106,115 points, with the dollar rising 0.14%, at R$5.54. THE S&P 500 Futures is close to stability, up 0.04% to 4,728 points.

agenda of the day

In Brazil, the performance of services for the month of November has just been released by the IBGE. In the United States, there is producer inflation, unemployment insurance claims and speeches by members of the Federal Reserve (Fed).

Reference: CNN Brasil

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