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Ibovespa Futuro operates between losses and profits targeting the development of the US-China agreement



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SAO PAULO – Ibovespa Futures opened between losses and gains on Monday (14) with the upward movement realized after an increase of more than 1% from the spot index last week (1.98% on Friday). In this trading session, investors are still excited about the partial trade agreement between the United States and China, but they are afraid of developments that will damage the price-euphoria scenario last Friday.

According to Bloomberg news, China wants more talks by the end of October to finalize the details of the "first phase" (the words of US President Donald Trump) of the trade agreement before Chinese President Xi Jinping signed it.

At 9:05 (Brasília time), the Ibovespa futures contract for October fell 0.04% to 103,505 points, while the November dollar futures rose 0.32% to R $ 4,1245.

In the futures market, DI January 2021 rose three basis points to 4.58% and DI January 2023 increased two basis points to 5.59%.

Among the key points of the trade agreement are an understanding of foreign exchange, intellectual property, financial services, and an increase of $ 40 billion to $ 50 billion in purchases of US agricultural products by China.

On Twitter on Sunday night, Trump wrote that he agreed not to increase tariffs from 25% to 30% on October 15 and that "relations with China are very good."

"We have completed most of phase one of the business and will move directly to phase two. Phase one contracts can be finalized and signed immediately, "Trump tweeted, adding that with the agreement, China will start buying large quantities of agricultural products" immediately "without waiting for conditions to be signed in the next three or four weeks.

Among Monday's indicators, the Central Bank's Economic Activity Index (IBC-Br) rose 0.07% in August in a monthly comparison, against the 0.2% expected by economists from the Bloomberg consensus. Data is considered to be a preview of Gross Domestic Product (GDP).

Focus Report

Financial markets maintain GDP growth projections for 2019 at 0.87% and 2% in 2020, according to the Central Bank's Focus Report on Monday.

Estimates for the National Extended Consumer Price Index (IPCA) fell from 3.42% in 2019 to 3.28%. For 2018, the median forecast is also down from 3.78% to 3.73%.

The prospect of the Selic benchmark interest rate is maintained at 4.75% for this year, but was cut from 5% to 4.75% in 2020.

Company News

Petrobras has closed sales to Imetame Energia Lagoa Parda from all of its ownership in the Polo Polo Lagoa Parda fields, near the municipality of Linhares (ES), valued at US $ 9,372 million, which will be paid in two installments. Current average production is around 300 barrels of oil per day and 5,500 m³ / day of gas.

Natura has revealed details about the process by which the newly created holding company Natura & Co. will now be the place of current cosmetic operations as well as operations that will be collected after the purchase of Avon North America. This process is estimated to cost R $ 349 million, including valuation, publication, legal advice and other advisory services, according to the group's statement.

American Airlines Group said it was negotiating a possible partnership with Gol. A spokesman said the US airline "is always looking for potential partners." Gol declined to comment. American said it was negotiating an agreement that could "integrate flights between two airlines in Latin America."
Folha points out that, to encourage governors to sell state sanitation companies, the Ministry of Economy has conducted a study detailing the potential for public cash to benefit from privatization. According to the publication, the document concludes that the goal of universal sanitation by 2033 will only be fulfilled in this way. For the government, sanitation companies will be worth up to $ 140 billion.

(With Agência Estado, Agência Brasil and Bloomberg)

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