Markets began this Wednesday (8) with an eye on Pfizer’s announcement that a third dose of the immunizer would be able to neutralize the Ômicron variant, which has shaken the financial scenario in recent weeks.
The day before, the American S&P and Nasdaq indices had their biggest hikes since March of this year and today they are still in the positive field.
American futures follow the moment and continue on the rise, after news confirming that the risks of the Ômicron strain are less worrying than initially thought for vaccinated people.
In Europe, stocks are in a mixed direction and correct after strong rallies, while in Asia stocks rose amid a climate of global recovery.
Brazil
In the country, around 10:40 am (Brasilia time), the American currency had a slight drop of 0.1% against the real, quoted at R$ 5.6072. The Ibovespa fell 0.13%, to 107,418 points.
Attention is focused on the decision of the Monetary Policy Committee (Copom) of the Central Bank (BC). According to a survey by XP Investimentos, 97% of institutional investors expect a 1.5% increase in the Selic rate, from 7.75% to 9.25%.
As for the February meeting, the answers are more dispersed: 57% of respondents say they expect another increase of 1.5%, while 30% believe that the Copom should slow down and maintain the increase at, at most, 1% .
Wednesday’s likely increase should not come as any surprise. Investors are therefore paying attention to the signals in the Central Bank’s statement.
For Nicolas Borsoi, from Nova Futura, the statement should be more hawkish – with a harsher tone from BC, signaling a similar high for the Selic in the next encounter. With the worsening of the economy, however, Borsoi does not rule out that the Copom includes sections suggesting a smoothed upward cycle.
In the political sphere, the president of the Senate, Rodrigo Pacheco (PSD-MG), and the president of the Chamber, Arthur Lira (PP-AL), signed an agreement on the PEC dos Precatório last night.
The common points must be enacted today, opening up a space of R$ 60 billion in the budget. The amended points must follow with another PEC, which has already been processed by the Chamber, and go straight to a vote in plenary next Tuesday (13).
Economy Minister Paulo Guedes reinforced yesterday that his favoring the privatization of state-owned companies is well known. President Jair Bolsonaro (PL), on the other hand, said that the sale of Correios, Eletrobras and subsidiaries that are not the government’s core business is authorized. Petrobras is not on the list of privatizations in the first term.
agenda of the day
In data released this morning, retail sales had a slight drop of 0.1% in October, below market expectations – which expected a rise of 0.8%.
Despite being the third negative rate in a row, the Brazilian Institute of Geography and Statistics (IBGE) stated that there is stability in the negative field. The IBGE also highlighted that supermarkets, which pulled the high in the sector, had a drop in the month.
With these results, retail was 6.4% below the record level registered in October 2020. This year, the sector has accumulated an increase of 2.6%.
In Brazil, foreign exchange flow data should be released today, at 2:30 pm, while the Copom should release the results at 6:00 pm. Abroad, job offer data in the United States and oil stocks are also on the agenda.
Reference: CNN Brasil
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