Ibovespa opens its fall this Thursday, 3rd (Image: REUTERS/Amanda Perobelli)
O Ibovespa (IBOV) opened trading this Thursday (3) with a fall. The main Brazilian stock market index slowed down 1.13%, to 132,064 points, at around 10:05 am.
O dollar The cash price rose slightly against the real in the first negotiations on Thursday, in line with the strength abroad, as investors showed caution with the escalation of tensions in the Middle East and awaited new data on the labor market of USA.
- High Selic: BTG assesses which shares should suffer most (and least) from rising interest rates; see here
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5 things to know when investing in Ibovespa this Thursday (3)
Brazil: 'rain of criticism'
Today, in Brazil, we will have the release of the Central Government's accounts for August, followed by a press conference with the Treasury Secretary, Rogério Ceron.
According to Matheus Spiess, analyst at Empiricus Researchthis data is crucial to continue the analysis of the country's fiscal conditions, which are currently not at their best.
For the analyst, the interesting thing is that this new batch of fiscal information was released precisely in the same week that Moody's decided to raise Brazil's credit rating, as we discussed in detail yesterday.
“However, the agency’s decision generated strong criticism. Despite the initial positive reflection, with the Ibovespa and the real on the rise and a significant drop in Brazil risk measured by the spread of five-year CDS contracts — higher than that observed in other emerging markets —, the Brazilian fiscal context remains challenging” , ponders.
Spiess also points out that, for many, Moody's seems to have focused more on the past than on the present. The upgrade would have been consistent with the initial promises of the new fiscal framework, but not with its current implementation.
On this topic, it will also be important to follow the speech of the president of the Central Bank, Roberto Campos Neto, who is participating in an event today and, yesterday, once again reinforced the need for a fiscal shock if the country wants to achieve lower interest rates. Even because, for now, there has been a lack of clarity regarding the concrete measures that the government will adopt to contain the increase in mandatory expenses. This makes it difficult to answer the crucial question: when will Brazilian public debt begin to decline? In other words, the fiscal landscape remains highly unpredictable.
After 'Golden Week', Asia registers correction
This Thursday (3), in some of the Asian markets that were not closed due to the Golden Week holiday, a correction movement was observed.
I'm left Hong Kongfor example, is part of this adjustment, especially after an impressive run of recent rallies.
No JapanHowever, Matheus Spiess pointed out that there was a positive reaction, driven by statements by the new prime minister, Shigeru Ishiba, who stated that the Japanese economy is not yet prepared for new interest rate increases.
“This more moderate tone (pro-loosening) contributed to a detachment of the Japanese market from the correction scenario observed in other countries”, he points out. “Now the central question is whether this rally represents a long-term boost or a temporary event.”
- 5 REAL ESTATE FUNDS TO INVEST NOW: Empiricus Research analyst reveals his preferred FIIs to seek profits in October:
CSN Mineração (CMIN3): Today is the last day to guarantee a share of the dividends of R$2.8 billion
Investors who want to take advantage of the proceeds of CSN Mineração (CMIN3) has until today to guarantee shares in the company.
Shareholders have until this Thursday (3) to buy the paper and be entitled to a slice of the R$ 2.3 billion in dividends interim and R$465 million in interest on own capital. From October 4th, the share will be traded ex-earnings.
Azul (AZUL4) says that negotiations with TAP are 'friendly' for billion-dollar debt
A Azul said that it continues in friendly negotiations with the Portuguese company TAP for a debt of R$1.2 billion.
The debt concerns a loan of EUR 90 million to TAP, due in March 2026. The operation is recognized as long-term financial investments in Azul's financial statements.
Vale (VALE3) and BNDES will invest R$250 million each in a fund for strategic minerals
A Vale and the National Bank for Economic and Social Development (BNDES) will contribute R$250 million each to a new fund focused on strategic mineral projects, with the aim of stimulating research and mineral exploration activities in Brazil, stated the presidents of the company and the development bank.
The idea is that the participation of Vale and BNDES will attract other interested parties to the fund, which is initially expected to receive up to R$1 billion in total to invest in up to 20 companies in the area of strategic minerals, according to a presentation made this Wednesday -Friday to journalists.
The ORE JGP BB Minerais Estrategicos FIP Multiestratégia fund, chosen through a competitive process, will receive the initial contribution from Vale and BNDES and will raise the rest from the market. The fund is expected to begin investing in companies in March.
*With information from Reuters