Ibovespa closes higher, but has not prevented a worse month since March, with a 4.8% drop; dollar goes to R $ 5.61



SÃO PAULO – The Ibovespa closed higher on Wednesday (30), but it did not prevent the 4.8% fall in September, the worst since March, marked by the fiscal fear that has persisted since President Jair Bolsonaro brought down the idea of ​​Renda Brasil on the 15th. In the quarter, the stock exchange was practically stable. In three months, the main Brazilian stock index fell 0.48%.

Outside, American stock markets ended up on the rise thanks to the optimistic tone adopted by the country’s Treasury secretary, Steven Mnuchin, saying that congressmen will give the trillion dollar stimulus package a chance against the impacts of the coronavirus.

The speech of the secretary, who guaranteed that there was a “reasonable compromise” this time, helped to put aside the pessimism that reverberated in the markets after the virulent debate between the presidential candidates of the United States, Donald Trump, of the Republican Party, and Joe Biden , from the Democratic Party.

While Trump interrupted his opponent several times, Biden called him a “clown” and told him to shut up. With such high spirits, there is fear that the election results will be contested. Trump suggested again that there could be fraud in postal votes and Biden accused him of trying to scare voters by convincing them not to vote.

Today, the Ibovespa increased 1.09%, to 94,603 points with a financial volume of R $ 24.215 billion.

Meanwhile, the commercial dollar had a slight loss of 0.44% to R $ 5.615 in the purchase and R $ 5.616 in the sale. In the month, the US currency appreciated by 2.46% against the real. The US dollar maturing in October registered a slight positive change of 0.07%, to R $ 5.64 on its last trading day.

In the future interest market, the DI for January 2022 fell nine basis points to 3.03%, the DI for January 2023 fell nine basis points to 4.50%, the DI for January 2025 fell by eight basis points at 6.49% and the DI for January 2027 registered a negative variation of eight basis points at 7.47%.

Around here, the Minister of Economy, Paulo Guedes, affirmed that it was never proposed by the economic team to break the ceiling or to wrongly finance programs, in reference to the directing of resources to the Citizen Income with the limitation to the payment of precatories.

At a press conference, Guedes said his team is studying how to merge 27 programs that already exist as a way to consolidate a more robust cash transfer program that represents a landing after the end of emergency aid this year.

Still in politics, Senate President Davi Alcolumbre (DEM-AP) canceled the session that would analyze Bolsonaro’s veto to extend the exemption from corporate payroll.

Regarding the coronavirus, the news that Regeneron’s REGN-COV2 remedy reduces the viral levels and improves the symptoms of outpatients. In the commodities market, iron ore futures contracts traded on the Dalian exchange closed up 5%, quoted at 809,000 yuan, equivalent today to $ 118.72.

Economic indicators

The American economy created 749,000 jobs in the private sector in September, showed the ADP Employment Report. The number came above the median of economists’ projections compiled in the Bloomberg consensus, which pointed to 649,000 new jobs.

The US also released the second quarter’s Gross Domestic Product (GDP), which contracted by 31.4% in annualized terms, the Commerce Department’s third estimate showed. According to the Bloomberg consensus, the median expectation of economists for the data was a drop of 31.7% in GDP.

Also among the international indicators, industrial activity in China in September calculated by the Purchasing Managers Index (PMI) was 51.5 points, above analysts’ expectations, and higher than the 51.0 points seen In August. Readings above 50 points indicate expansion from the previous month.

Over here, the unemployment rate reached 13.8% in the quarter from May to July 2020 and was the highest in the historical series started in 2012, showed the National Survey by Continuous Household Sample (Pnad Continua) of the Brazilian Institute of Geography and Statistics (IBGE). The unemployment rate was expected to reach 13.7%, according to the Bloomberg consensus.

Citizen Income

The government’s steps in relation to tax reform and Citizen Income remain the focus of the market. After the proposal to create the social program Renda Cidadã has been poorly received, the government discusses the possibility of a setback.

According to the Economic value, some government officials consider changing the program’s funding sources. According to the newspaper, this was discussed yesterday by President Jair Bolsonaro, Economy Minister Paulo Guedes and other ministers at an emergency meeting.

The Citizen Income proposal provides for the use of precatory resources. As a result, around 1 million court payments can be delayed annually, on average, according to Folha de S.Paulo. In addition to the resources of the precatories, the program will be financed with money from the fund for basic education (Fundeb).

At the same time, other sources said the proposal was maintained. Senator Márcio Bittar (MDB-AC), rapporteur for Renda Cidadã, told the CNN Brasil that the text will be presented today, without changes in the paying source.

According to the Value, the leaders in the Senate, Fernando Bezerra (MDB-PE), and in the Chamber, Ricardo Barros (PP-PR), also promised that the proposal will still stand and will be in the report to be presented in the coming days.

In addition, the proposal by Economy Minister Paulo Guedes to create a payment tax along the lines of the former CPMF again attracted criticism from the Mayor, Rodrigo Maia (DEM-RJ). “Why did Paulo Guedes forbid the tax reform debate?” Asked Maia, on his Twitter profile.

The mayor made the statement a day after the government gave up sending the second phase of the tax reform proposal. The payment tax is not a consensus among party leaders.


The Chamber of Deputies yesterday approved the Provisional Measure that releases a credit of R $ 20 billion to the BNDES fund to grant credit to micro and small companies. According to Agência Brasil, the matter goes to the Senate and needs to be voted on until tomorrow (1st) so as not to lose its validity. The text was approved as it was edited by the government in June, without changes.

Companies with gross revenue between R $ 360 thousand and R $ 300 million will benefit in 2019. According to Folha, the investment will be directed to the Investment Guarantee Fund (FGI), managed by BNDES and which is part of the Emergency Access Program a Credit created by the Ministry of Economy in June. The program was instituted through the MP that allowed the release of credit through machines up to R $ 50 thousand with interest of up to 6% per year.

In Brazil, another highlight is the news that Minister Celso de Mello decided to withdraw from the virtual plenary session of the Supreme Federal Court (STF) the appeal that discusses whether President Jair Bolsonaro may or may not give written testimony in the alleged investigation. attempted political interference in the Federal Police, according to G1.

With the decision of the rapporteur, the issue returns to the conventional plenary of the Supreme Court – the date of the trial has not yet been defined. Due to the pandemic, ministers have been meeting by videoconference, but can read the votes, debate and argue during the session. The case had been referred to the virtual collegiate body last week by Minister Marco Aurélio Mello, who replaced the dean during medical leave ended last Thursday, 24.

In addition, the market must follow the speech of President Jair Bolsonaro, who is due to speak today at the United Nations (UN) Biodiversity Summit, through a video, according to CNN. In a speech considered calm by the president’s interlocutors, Bolsonaro should defend the Amazon.

Yesterday, in the first presidential debate of the 2020 election in the United States, Democratic candidate Joe Biden threatened Brazil with “significant economic consequences if he does not take care of the Amazon”. Biden said he would get several nations to give Brazil $ 20 billion to end deforestation in the Amazon and, if Brazil fails, then there would be “significant economic consequences”, according to Valor Econômico.

Corporate Radar

On the corporate front, the market today follows the judgment of the lawsuit on the sale of Petrobras refineries without bidding or endorsement by the National Congress.

In addition to Petrobras, the sanitation sector will have a busy Wednesday. On the same date, Congress may hold a meeting to analyze the vetoes of the President of the Republic, Jair Bolsonaro. Among them, the controversial vetoes of the new Basic Sanitation Legal Framework (VET 30/2020 – Partial), for the modernization of the sector.

It is also worth mentioning that seven consortia and companies interested in the concession of water and sewage in the metropolitan region of Maceió submitted proposals aiming to bring basic sanitation to 13 cities in Alagoas, which gather 1.5 million inhabitants. The auction will also be held on Wednesday, at B3, in São Paulo, starting at 10 am, the first after the implementation of the new sector law and also leading the way as the first state water and sewage project structured by BNDES that will come off the paper. See more by clicking here.

Higher highs

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Higher casualties

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Raia Drogasil foresaw the opening of 240 stores per year between 2021 and 2022, while the IRB received the credit rating “brAAA” from Standard & Poor’s, with a stable outlook.

In addition, Lojas Americanas raised its issuance of assets to US $ 500 million, while Camil announced that it will raise R $ 350 million through debentures. Locaweb announced the purchase of Etus Social Network Brasil, which works with social networks, for R $ 18.95 million.

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