March 25, 2023

Markets this Monday, crude oil, news from the companies on the stock exchange and other notable events

Sent at 8:05 am

Exchanges, Oil and Bitcoin (8h04)

Germany (DAX): -2.16%

London (FTSE 100): -1.61%

China (Shanghai Comp.): +1.20% (closed trading session)

Japan (Nikkei 225): -1.11% (closed session)

Hong Kong (Hang Seng): -1.95% (closed session)

Brent Oil: -1.38% ($81.7). Brent crude is a benchmark for Petrobras.

WTI: -1.25% ($75.6)

Bitcoin Future: +9.70% ($22,132)

Iron ore in Dalian (07:59 GMT)

The most liquid iron ore futures traded on China’s Dalian Stock Exchange, at the time above, were up 0.48% at 929 yuan ($134.8). The bid may affect shares of Brazil Vale (VALE3), CSN (CSNA3) and CSN Mineração (CMIN3). This data was obtained from the link: http://www.dce.com.cn/DCE/Products/Industrial/Iron%20Ore/index.html

We remind you that the price of the above contract will remain volatile in the next few hours.

New York stock futures

At 8:04 a.m. on Wall Street, the Dow Jones futures were down 0.06% and the S&P 500 was up 0.26%. Nasdaq futures rose 0.80%.

They announce Q4 results 22 on Monday the 13th:

Eletrobras, Direcional Engenharia, Mahle-Metal Leve, Natura & Co, Technos – after the market closes.

The new schedule of the Brazilian Stock Exchange on Monday

Investors and traders should pay attention to the new schedule for B3, the Brazilian Stock Exchange, on Monday, the 13th.

With the onset of daylight savings time in the United States, the normal trading session will end at 5pm (Brasilia time) and will no longer be 6pm.

With the new schedule, the “after-market” returns: it will be between 17:25 and 18:00.

Ibovespa futures will be trading from 9:00 am to 5:55 pm and the spot market will open at 10:00 am.

The end time change must correspond to the start of daylight savings time in the United States.

The goal is for the Brazilian stock exchange to come close to the business hours of the US markets.

By Brasilia time, Wall Street will be operating between 10:30 a.m. and 5:00 p.m.

Company news:

B3 obtains a positive decision in a dispute related to the issue of exchange change

B3 (B3SA3), the owner of the Brazilian stock exchange, obtained a positive decision in a dispute related to the issue of changing the stock exchange.

The case dates back to the sale of the investment in CME Group in 2016.

The Regional Governance Office (DRJ) concluded by removing the updated amount of R$1.338 billion from the infringement notice, of the total R$1.343 billion updated including fine and interest, approximately R$4.8 million of retained assessment remained.

“It is important to stress that this partial exemption is not final, as it will be submitted to the Administrative Board of Tax Appeals – CARF, and at that time the removed part will be re-analyzed by this collective body,” the owner of the Brazilian exchange explained.

B3 has notified that it will file an ex officio appeal to CARF with respect to the portion of the notice withheld.

Nubank (NUBR33) says it has no exposure to Silicon Valley bank

Nubank (NUBR33) issued a statement to the market on Saturday, 11th, stating that it has no exposure to Silicon Valley Bank (SBV).

Nu Holdings Ltd. (Nu Holdings, Nu or the Company) communicates to its shareholders and the market that neither the Company nor any of its subsidiaries has any exposure to Silicon Valley Bank.

The US Silicon Valley Bank was closed on Friday, 10, by the California Financial Protection and Innovation Administration after investors rushed to withdraw funds from the bank in recent days.

SVB, which caters primarily to start-ups, is the largest organization to fail since the collapse of the US financial system in 2008.

The Silicon Valley bank had approximately $209 billion in assets as of the end of 2022, making it the 16th largest bank in the United States.

GetNinjas (NINJ3) claims no exposure to Silicon Valley Banking

GetNinjas (NINJ3) reported this Sunday, the 12th, that it has no Silicon Valley bank exposure.

The US Silicon Valley Bank was closed on Friday, 10, by the California Financial Protection and Innovation Administration after investors rushed to withdraw funds from the bank in recent days.

SVB, which caters primarily to start-ups, is the largest organization to fail since the collapse of the US financial system in 2008.

The Silicon Valley bank had approximately $209 billion in assets as of the end of 2022, making it the 16th largest bank in the United States.

Petz (PETZ3) plans to open 30 to 40 stores in 2023

Petz (PETZ3) released over the weekend an expected 30 to 40 store openings for the fiscal year ending December 31, 2023.

“Given the consistency of returns generated at stores in the nation’s most diverse cities and regions, the Company has assessed its 2023 expansion plan — a forecast in line with expectations shared at the time of Petz’s initial public offering of stock in September 2020 — in light of the opportunity to continue to solidify its position leader in the ‘pet’ sector in Brazil – a market that offers great fragmentation and growth potential, even in periods of macroeconomic uncertainty,” the company said in a statement.

According to the company, the projection was also prepared keeping in mind the high level of service and low cost of service with physical stores acting as distribution centers for the digital channel in its arenas; Consistent development of NPS (Net Promoter Score) in different channels and segments; and the low dispersion of the NPS index among the various regions in which the group operates – even in the process of accelerated expansion (50 openings in 2022).

Banrisul (BRSR6) announces JCP and dividend payment schedule for 2023

Banrisul Rio Grande do Sul (BRSR6) reported on Friday, the 10th, that its board of directors has decided to pay interest on equity for the first quarter of 2023, in the total amount of R$150 million, at the total unit value of each type. The class of shares will be R$0.36677105 per ON share, R$0.36677105 per PNA share and R$0.36677105 per PNB share. Shareholders registered in the company’s records on March 15, 2023 (the date of the announcement) will benefit, as the shares will be trading with a “pre-emptive right” with temporary interest as of March 16, 2023.

Payment will be made on March 30, 2023, net of BRL 0.31175540 per ordinary share, BRL 0.31175540 per PNA share and BRL 0.31175540 per PNB share, with withholding income tax of 15%.

Banresol Bank also revealed on Friday, the 10th, that, in accordance with its shareholder remuneration policy and its internal regulations, its board of directors approved on March 8, 2023 the proposal sent by the Executive Board, to adopt a percentage equivalent to 50% of the company’s net income, by deducting the legal reserve, by distributing interest to Equity and/or dividend (payment), exceptionally for fiscal year 2023.

According to the bank, the proposed payout ratio takes into account the measures contained in the shareholder remuneration policy, in particular the expectations of the results, its financial condition and level of capitalization, the capital budget and its objectives and related expectations, and the declaration of acceptance and tolerance of risks and future prospects in the markets in which it operates.

The bank indicated that the adoption of informed payments will still be decided by the general meeting, which will be held on April 27, 2023.

The Bank from Rio Grande do Sul also disclosed that the Corporation has approved the Equity Interest Payment Schedule (JCP) for 2023. See below:

Study the stock market

See the study of Ibovespa, Vale3, Petr4, B3sa3, Jbss3, Beef3, Bpan4, and Brkm5. Access the video here.

Events on the market’s radar this week:

inflation in the United States

On Tuesday, the 14th, at 9:30 am, the US Consumer Price Index (CPI) will be released. This data can affect stock markets, if it comes out much higher or lower than expected.

Chinese economic data

China’s Retail Sales, Industrial Production and Unemployment Rate for February will be released at 11pm on Tuesday.

Preview of Brazil’s GDP

On Friday, the 17th, the central bank will release, at 9 am, the IBC-Br, otherwise known as the GDP Preview. On Friday morning, the unemployment rate measured by Pnad Continua will also be released.

New tax base

Information about the new financial framework is still on the market’s radar. In an interview with CNN on Friday, Economy Minister Fernando Haddad said the draft proposal was already being discussed within the Finance Ministry and also in the government’s economic sphere.

The next step is to present it to President Lula, who is due this week.

Valley Bank case

Analysts are still closely watching the consequences of the US Silicon Valley bank closure. The fear is that the same thing will happen to other institutions in the context of higher interest rates.

The US Federal Reserve is creating a new bank loan program for deposit protection. The goal is to provide loans of up to one year to financial institutions.

The Silicon Valley bank was closed on Friday, the 10th, by the California Department of Financial Protection and Innovation after investors rushed to withdraw money from the institution in recent days.

The case generated pressure on the New York stock exchanges, particularly in the financial sector.

SVB, which caters primarily to start-ups, is the largest organization to fail since the collapse of the US financial system in 2008.

The Silicon Valley bank had approximately $209 billion in assets as of the end of 2022, making it the 16th largest bank in the United States.

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