What to Expect for the Stock Exchange in Brazil on Friday By Investing.com

After closing on Thursday as high as 0.45%, it opened lower and fell by 0.84% ​​near 9:15 am this Friday (20), while it was up 0.41%.

In the US, 100 futures contracts were trading with a stable gain of 0.51%, while it was down 0.45% and the S&P 500 index fell by 0.40%. The iShares MSCI Brazil ETF (NYSE: EWZ), the main offshore-traded Brazilian ETF, was down 1.02% in the US premarket.

Brazil 979 new deaths as a result of COVID-19Which brings the total number of fatal disease victims in the country to 572641 deaths according to the volume 36,315 new cases. Corona VirusWith the total number of infections in the country rising to 20,494,212.

President Jair Bolsonaro said he would sanction or veto the Budget Guidelines Act (LDO) of 2022 today (20) and promised to do the “right thing” regarding the Special Campaign Fund, indicating a refusal to increase election funding. proposed by parliamentarians.

When the LDO was approved, Congress increased the amount of public election funding from R$2 billion to R$5 billion. Bolsonaro had said on other occasions that he would object to the entire change or limit it to R$3 billion.

Still in the economic field, the newspaper State of Sao Paulo You reported that Economy Minister Paulo Guedes plans to meet opposition leaders next week to find a compromise on income tax reform. But the economic team does not exclude the possibility of abandoning the project, if it turns out that it will be unfavorable to state accounts.

today’s news

natural gas – Natural gas consumption in Brazil for electricity generation increased by 62% in the first half, compared to the same period last year, amid the high use of thermal plants due to water scarcity, which prompted Petrobras (SA:) to move its logistics to increase. Rather, more than the supply of inputs to the market.

central bank – The central bank has organized the activation of voluntary paid deposits from financial institutions, and the use of the new monetary policy tool may start as early as the week of August 30, after the tests are conducted next week.

national treasure – In recent weeks, the National Treasury has reduced the volumes of government bonds issued through regular auctions, in response to increased volatility in interest rates. If necessary, the entity could keep its next sales below average, as it finished its first semester with an enhanced liquidity cushion, assesses Sergio Goldenstein, head of the Renaissance Strategy Region.

Selic – Minister Paulo Guedes said that the rate will remain in single digits due to measures such as “hard work”, widespread vaccination and waiting for the next elections.

Malls – The Brazilian Association of Shopping Centers (Abrasce) expects the sector to have total sales of R$204 billion in 2021, according to data provided to Broadcast, the Grupo Estado real-time news system. If confirmed, the projection would represent a growth of 58.3% compared to 2020, but nevertheless, there would be a 3.5% decrease compared to 2019.

Today’s agenda

14 h 50 – The Employment Evolution Index has been published.

Jair Bolsonaro – There are no scheduled appointments.

Paulo Geddes – Thematic Senate session on “Consumption tax reform from the perspective of federal entities”; Meet and have a live YouTube interview with Genial Investimentos’ Chief Economist, José Márcio Camargo; Meeting with the Private Secretary to the Treasury and Budget, Bruno Funchal.

Corporate News

BRF (SA 🙂 – The BRF Board of Directors approved the Sustainable Grain Purchase Policy, which proposed ensuring 100% of the grain purchased in the Amazon and Cerrado can be traced to 2025.

JBS (SA 🙂 – Pilgrim’s Pride, a US subsidiary of JBS, said it has priced an offer of $900 million in unsecured bonds due in 2032. The bonds will be issued at 100% of the total principal amount and will yield a 3.5% return. Due to demand, the issuance amount was increased from the initial plan of $750 million. The banknote sale is expected to close on September 2.

Aliar (SA 🙂 – The businessman said that Nelson Tanure-linked investment funds bought about 26% of medical diagnostics company Alliar, complicating a bid for hospital chain Rede D’Or (SA :).

Renner Stores (SA 🙂 – The retailer said it had a cyberattack on its technology environment on Thursday, causing a portion of its systems to become unavailable. The company said in a statement that it has moved to mitigate the effects of the attack and that most operations have already been re-established while maintaining key databases.

Vero – Internet service provider Vero has filed for an initial public offering (IPO), illustrating the movement of companies in the sector to search for market resources to gain traction ahead of the 5G auction.

Gerdau (SA 🙂 – Gerdau and Metalúrgica Gerdau announced that their board of directors has approved the merger of the operations of their subsidiary Sidertúl with Aceros Corsa and Gerdau Corsa, also located in Mexico and controlled by the two companies together with Grupo Córdova, which will receive 16.84% of the company’s share capital. Sidertúl for $32,500 million.