Sao Paulo – After another busy week on the Brazilian stock market, investors will now get a little “relief” with the calendar of indicators, while the political side of the news promises to keep business busy.
One of the key themes that will guide the market and be on the radar in the days to come is income tax reform, whose debate has created fear among investors over the lack of agreements and proposed changes.
Last week, the House of Representatives decided to postpone the vote on the reform to this Tuesday (17). Among the reasons for the postponement, lawmakers felt it was necessary to discuss the bill to prevent states and municipalities from suffering revenue losses.
Another important debate in Congress was electoral reform, which last week approved the so-called “district” and withdrew party alliances in proportional elections (for federal, state and councilors). This week, a second round of voting and highlights of the PEC are scheduled.
Still in the political arena, the discussion of the PEC dose precaterios, in addition to the adjustment of the Bolsa Familia, may affect the market this week. It is also important to follow the discussions in the Govt CBI, which has been very busy in recent weeks.
Corporate Calendar and Indicators
On the other hand, the corporate agenda gives investors a “sluggish” position once the second quarter balance season is over. The last 11 results are expected this Monday (16), with the IRP focusing on Brazil (IRBR3), Melius (CASH3), Kafisa (GFSA3) And Yduqs (YDUQ3)
With the focus on Brazilian inflation figures such as the General Price Index-10 (IGP-10) released on Tuesday (17), the week has been a bit quieter.
Overseas, there will be a battery of critical numbers in China this Sunday night, with emphasis on industrial production in July, with its analysts holding a refinitive consultation, expecting a 7.8% increase over the year compared to the 8.3% offered last month.
In addition, Chinese retail data will be provided, which is expected to increase by 11.5% over the same period in 2020, according to economists who conducted the Refinitive Consulting. In June, the country’s retail sales increased by 12.1%.
The same two indicators will be released in the US on Tuesday, with analysts forecasting a 0.2% decline in the monthly comparison in July (against a 0.6% increase in June), while industrial production rose 0.5%, a slight improvement over the previous month’s 0.4% increase.
“Indicators [na China e EUA] They should continue to show improvement in economic activity in the third quarter, but with signs of shelter, especially in the case of the Chinese economy. ”
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