October 7, 2022
Ibovespa Futuro rises with little respite in Evergrande crisis and ahead of Federal Reserve and Bank of British Columbia decisions;  The dollar goes down

Ibovespa Futuro rises with little respite in Evergrande crisis and ahead of Federal Reserve and Bank of British Columbia decisions; The dollar goes down

São Paulo – Ibovespa Futuro opens higher on Wednesday (22) amid progress toward an agreement on the Evergrande crisis. The Chinese developer giant said one of its units, Hengda, will pay Coupons of its debt securities in RMB After agreeing with your creditors.

With the start of this decision, iron ore rebounded on Wednesday, rising 3.7% to 668.5 yuan per ton, or $103.38 on the Dalian Stock Exchange, something that should give shares some relief.VALE3).

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Today, the day will also be marked with Monetary policy decisions here and in the US. Expectations in the US are that the Federal Reserve will keep interest rates in the range between 0% and 0.25% annually, but it does bring some indication of when it will start reducing monthly bond purchases implemented to stimulate the economy. ..

The Monetary Policy Committee (Copom) should raise the base interest rate, Selic, by one percentage point, to 6.25% annually as a way to combat the progression of inflation in the country. Many analysts believe the central bank will need to increase the pace of monetary tightening, but British Columbia President Roberto Campos Neto’s comments last week that he would not react to “high frequency data” virtually ended those bets.

Here, too, the special commission must be installed today, which will analyze the proposal to amend the Constitution (PEC) from Pretoria, with the election of the President and the appointment of the Rapporteur. The day before, both the Speaker of the House, Arthur Lira (PP-AL), and the President of the Senate, Rodrigo Pacheco (DEM-MG) had encouraged the market by saying that they would look for a solution to advance court orders and fund Auxílio Brasil (the new Bolsa Família) within a ceiling rule. spending.

At 9:05 AM (ET), the Ibovespa futures contract expiring in October 2021 was up 1.66%, at 112,075 points.

Meanwhile, the trading dollar was down 0.49% to R$5.26 in buying and R$5.261 in selling. Dollar futures due in October were down 0.28% to R$5.265.

In the interest futures market, the DI for January 2022 increased 2 basis points to 7.11%, the DI for January 2023 works stable at 8.81%, the DI for January 2025 drops 2 basis points to 9.82%, and the DI for January 2027 records a negative change of three basis points to 10.21%.

After returning abroad, the People’s Bank of China on Wednesday injected more liquidity into the market by buying short-term bonds from commercial institutions so that banks would have more cash.

Also on Wednesday, China maintained the interest rate. The one-year loan rate was kept at 3.85%, while the five-year loan rate was kept at 4.65%. The levels are in line with expectations.

The Bank of Japan on Wednesday presented a bleak view on exports and industrial production as Asian factory shutdowns caused supply bottlenecks, but maintained its optimism that strong global growth will keep the economic recovery in the rails.

Bank of Japan President Haruhiko Kuroda also played down concerns that China’s Evergrande Group’s debt problems could affect the global financial system, saying it remains “a private company and a real estate problem in China”.

corporate radar

Petrobras (PETR3;PETR4)

Petrobras has informed that the board of directors of its subsidiary Transpetro has received a letter of resignation from Gustavo Santos Raposo as president of the company, effective September 24.

The board will discuss the appointment of Transpetro’s Director of Services, Luiz Eduardo Valente, to take over the presidency, in accordance with Petrobras’ appointments governance.

itash (ITUB4)

Itaú Unibanco announced Tuesday that it has issued R$5.5 billion in subordinated securities, maturing within 10 years and a repurchase option from 2026, based on permission from the Central Bank.

The shares are privately traded with “professional investors” and will constitute Tier 2 capital, with a 0.52 percentage point impact on the capitalization ratio.

GPS (GGPS3)

The global positioning system (GPS) cleaning, security and logistics provider on Tuesday announced the purchase of Rudder Security Group through one of its affiliates. The value of the transaction was not disclosed.

Rudder provides private security services, electronic security systems and utility services, with a strong presence in Rio Grande do Sul and has generated total revenue of approximately R$255 million in the 12 months ending in the end of August, GPS said. Market.

Way (WEGE3)

WEG announced that it had agreed to distribute interest on equity (interest on equity) of more than R$86 million, equivalent to R$0.0207 per share.

Effective on the 27th, the shares will trade “without interest on equity,” with proceeds to be paid on March 16, 2022.

Valley (VALE3)

Vale reported that the then CFO of AES (AESB3Gustavo Pimenta will take over as executive vice president of finance and investor relations for the mining company, with Luciano Ciani changing to executive vice president of strategy and business transformation, according to a statement Tuesday.

totvs (TOTS3)

Totvs priced the subsequent stock offering at R$36.75, which is a 1% discount from the last closing price and raised about R$1.5 billion. The capital should be used for potential purchases and investments in technology.

(with Estadão and Reuters content)

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