Tax collection could total R$206 billion in August (Image: Rmcarvalho/Getty Images)
This Friday (20), the indicators agenda is emptier, after a full week. The highlight of the last few days was Super Wednesday, when the Banco Central Brazilian raised the Selic by 0.25 percentage points (pp) and the Federal Reserve cut interest rates by 0.50 pp
Today, in Brazil, the Federal Revenue releases the latest tax revenue data. The expectation of the BTG Pactual is a collection of R$206.1 billion, equivalent to a real growth of 14.4% in the annual comparison.
Taxes related to the labor market are expected to jump 9.5%. On the other hand, taxes linked to corporate profits are expected to weaken in the month, growing only 0.9%.
In July, total federal revenues reached R$231.044 billion and, in the first seven months of 2024, revenues totaled R$1.529 trillion. These values were the highest since 1995.
Yesterday (19), the Ibovespa (IBOV) closed down 0.47% at 133,122.67 points, clashing with the festive mood on Wall Street after the first cut in interest rates. USA in more than four years. Today, the EWZthe main Brazilian stock ETF traded on the American market, falls in pre-opening.
Morning Times: Check out the markets this Friday morning (20)
Asian stock markets
- Tokyo/Nikkei:+1.53%
- Hong Kong/Hang Seng: +1,36%
- China/Shanghai: +0.03%
European stock exchanges (open market)
- Londres/FTSE100: -0,83%
- Paris/CAC 40: -0,91%
- Frankfurt/DAX: -1,01%
Wall Street (futures market)
- S&P 500: -0,23%
- Dow Jones: -0,03%
- Nasdaq: -0,35%
Commodities
- Oil/WTI: -0.14%, at US$ 71.85 per barrel
- Oil/Brent: -0.11%, at US$ 74.80 per barrel
Cryptocurrencies
- Bitcoin (BTC): +1,88%, a US$ 63.564,0
- Ethereum (ETH): +4,64%, a US$ 2.544,92
Happy Friday and keep an eye on Money Times for the latest market news!