Markets signal another day of relief; Precatório and Copom focus in Brazil

The markets signal another day of relief this Tuesday (7), with the PEC dos Precatórios and the Copom meeting – which starts this Tuesday and runs until tomorrow –, with a focus on Brazil.

Starting abroad, US futures extend their Monday (6) highs and rise more than 1% in the morning, with news indicating less seriousness of the Ômicron variant. Among them, pharmaceutical company GSK said its antibody treatment works against all mutations in the virus.

Still, the variant inspires caution. New York said it will adopt the mandatory vaccine passport for private sector companies starting Dec. 27.

Investors are also keeping an eye on escalating geopolitical tensions. Vladimir Putin and Joe Biden will have a virtual meeting this Tuesday (7), at noon.

This meeting comes after Biden threatened to impose sanctions on Russia if the country invaded Ukraine. In addition, the United States has confirmed that it will not send the diplomatic delegation to the Beijing Winter Olympics in March.

In Europe, stock exchanges also rise, following the movement from abroad. In Asia, stocks closed on a high with the arrival of stimulus in China. Hong Kong’s technology index rose nearly 4%, driven by a 12% rise in Alibaba Group shares after management changes announced.

Brazil

In Brazil, investors keep an eye on the PEC dos Precatórios. Faced with the resistance of parliamentarians to the slicing of the PEC, analyst Thais Arbex found that the government wants to trigger plan B: the issuance of an interim measure to pay the first installment of R$400 of the aid this Friday (10).

In addition, the Central Bank has its last meeting of the year to decide the future of Selic. The meeting takes place amid rising prices in the economy.

Investors are also monitoring the decision of Minister Rosa Weber, who released the rapporteur’s amendments scheduled for 2021 and the approval in Congress of the base text of the 2022 budget.

Among the news from companies, the Brazilian Securities Commission (CVM) opened a process to investigate a possible leak of information at Petrobras, after President Jair Bolsonaro (PL) said that the state-owned company would announce a reduction in fuel.

After the CVM’s move, the president said that he wanted to say that the price of gasoline must fall, not that he was anticipating something. Petrobras, in turn, denied a price increase.

The market is already starting to choose its candidates for 2022. On Monday (6), the chairman of one of the biggest banks in the country said that the biggest fear of the market today is Bolsonaro in 2023, because it is very erratic and leaves the volatile bag. Lula, on the other hand, if he has Alckmin as vice-president, he can bring some security.

The Ibovespa Futuro index rises 1.37%, to 108,772 points, with the dollar falling by 0.61% to R$ 5.65. The S&P also registers high, of 1.29%, to 4,651 points.