December 9, 2022
B3 revises the data of the total foreign flow for 2021 from 102.3 billion Rls to 41.5 billion Rls after the error and the new change

Ibovespa Futuro declines as attention focuses on government transition and elections in the USA

Ibovespa Futuro is running lower in the first trading this Tuesday (8), after The spot index closed sharply lower the previous daywith no tariffs around the new government’s ministerial team and rumors of economic space to make profits, after a positive week, backed mainly by foreign purchases.

Market attention should remain in the transition period of the government of Luis Inacio Lula da Silva (PT).

On the economic front, the The IGP-DI contraction in October of 0.62% was the most prominentWhile investors are watching the season for corporate earnings announcements. Among the expected balances are the results of the overnight launch of Bradesco, Braskem and 3R Petroleum.

At 9:15 am (Brazilian time), the December contract was down 0.88% at 115,630 points.

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In the US, futures indexes are rising, extending gains from the previous session, as investors await the US midterm elections.

Republicans are the candidates to win a majority in the House of Representatives in elections, with the Senate classified as an open question by nonpartisan election analysts. The Republican Party could use a majority in either chamber to block Democratic President Joe Biden’s agenda.

The likelihood of Republicans taking over either the House or the Senate is very high, thus ensuring some sort of stalemate in the next two years. “This is likely to lead to higher taxes and any kind of massive spending that is seen as inflationary,” Baird investment strategist Ross Mayfield told Reuters.

This morning, Dow futures are up 0.36%, S&P futures are up 0.39%, and Nasdaq futures are up 0.67%.

In contrast, the business dollar worked 1.00% higher, quoted at R$5.224 in buying and R$5.225 in selling, after the US currency jumped more than 2% the day before, with uncertainty over the new Lula government. Dollar futures for December rose 1.00% to R$5,246.

With respect to the yield curve, futures contracts operate without a definite trend. DIF23 (January to 2023) increased from 0.01 to 13.68%; DIF25, +0.14 p., 12.03%; DIF27, +0.14 p., 11.86%; and DIF29 +0.13 at 11.94%.

abroad

European markets are operating without a clear direction, and global investors are also looking to the United States.

On the region’s economic docket, euro zone retail sales rose as expected in September from the previous month, but fell less than expected from a year earlier after a sharp upward revision in August, data showed on Tuesday. Third quarter.

EU statistics office Eurostat highlighted that retail sales in the 19 countries sharing the euro rose 0.4% from the previous month, as expected, but fell 0.6% from a year earlier. According to a Reuters poll.

Asia

Asian markets closed with no direction as investors digested the minutes of the latest Bank of Japan meeting and showed interest in the results of the US midterm elections.

The Bank of Japan released the minutes of its October monetary policy meeting, when it left interest rates unchanged, while its global peers took massive rate hikes.

Iron ore prices in Dalian rose for the sixth consecutive session as traders clung to hope that China’s tough zero-tolerance approach to Covid-19 would eventually ease. The rally continues despite concerns about a spike in novel coronavirus cases in some Chinese cities and weak demand for steel.

Over the weekend, China reaffirmed its approach to Covid-19, dashed hopes of a rapid reopening of the economy.

“We think the easing of current measures is likely to happen after 2022,” economists at ING said, following the Wall Street Journal report saying that Chinese leaders are considering measures to reopen but are moving slowly and have not set a timeline.