The 5 subjects that will move the market this Tuesday

0
6


(Getty Images)

Pessimism returned to prevail among investors despite the improvement in economic data in China and the United States. European stock exchanges are down and New York futures are down.

And in addition to the new coronavirus, Chinese scientists have identified a subtype of influenza virus in pigs that has the potential to generate a new pandemic. The new pathogen is a predominant strain of the influenza virus and derived from H1N1, a group of viruses from which another subtype caused the 2009 flu pandemic, which killed about 250,000 people worldwide.

Still in China, the recovery of the manufacturing sector continued in June and points to expansion, but approval of a national security law for Hong Kong generates friction with the United States.

In the corporate news, China has suspended imports from three slaughterhouses in Brazil. Regarding results, IRB Brasil reported that it closed the first quarter with a net profit of R $ 13.874 million, a decrease of 92% in relation to the first three months of 2019. Ecorodovias, on the other hand, presented a profit of R $ 103.3 million in the first quarter of 2020, up 23% over the same period last year.

1. Worldwide exchanges

Pessimism returned to prevail among investors despite the improvement in economic data in China and the United States. European stock exchanges are down and New York futures are down.

The reason for pessimism is the advancement of new cases of the new coronavirus. On Monday, the World Health Organization (WHO) warned that the worst of the pandemic is yet to come and some regions are beginning to reassess opening plans.

In this scenario, the FTSE 100, in London, decreased 0.45%.

“I think that, as we are reaching the end of the quarter, there was a rebalancing. So any weakness (of the actions) will be short term. I think July will be a strong month for stocks, ”Tom Lee, head of research at Fundstrat Global Advisors, told Bloomberg.

What contributes to the view that the pressure is short-term is the improvement of some economic data. China showed a stronger than expected purchasing and procurement manager index (PMI) in the early hours. The property sales figures in the United States, released on Monday, were also better than expected.

On the other hand, the news about the passage of a national security law for Hong Kong generates friction with the USA.

However, Dow Jones futures operate with a slight negative change of 0.14% and S&P 500 futures fall 0.07%.

And the tension between India and China goes up. The Indian government has signaled that it may ban Huawei from participating in the 5G distribution process. India has previously blocked 59 Chinese applications, such as TikTok and WeChat, citing a threat to national security.

In the Asian market, the Nikkei 225, in Tokyo, closed at an increase of 1.33% and the Hang Seng Index, in Hong Kong, appreciated by 0.78%. The Sanghai SE index showed a positive change of 0.52%.

See the performance of the markets, at 7:39 am (Brasília time):

New York

* S & P 500 Futures (USA), -0.07%

* Nasdaq Future (USA), + 0.04%

* Dow Jones Futures (USA), -0.14%

Europe

* Dax (Germany), + 0.23%

* FTSE 100 (United Kingdom), -0.45%

* CAC 40 (France), + 0.03%

* FTSE MIB (Italy), -0.46%

Asia

* Nikkei 225 (Japan), + 1.33% (closed)

* Hang Seng Index (Hong Kong), + 0.78% (closed)

* Shanghai SE (China), + 0.52% (closed)

* WTI oil, -1.36%, at $ 39.16 a barrel

* Brent oil, -1.53%, at $ 41.07 a barrel

** Iron ore futures traded on the Dalian stock exchange closed down 3.5%, quoted at 744,500 yuan, equivalent today to $ 105.18 (in the past 24 hours).
USD / CNY = 7.0780 (-0.04%)

* Bitcoin, $ 9,162, + 0.58%

2. Economic indicators

The unemployment data for the month of May will be released at 9 am by the IBGE. The estimate, according to the Bloomberg consensus, is for an increase in the rate to 13.1%, compared to a previous figure of 12.6%.

The Central Bank publishes information about the consolidated public sector at 9:30 am. The primary result of the public sector should show a deficit of R $ 129.7 billion in May, according to a median estimate in a Bloomberg survey, above the deficit of R $ 94.3 billion in the previous measurement.

In the United States, the consumer confidence index for the month of June leaves at 11 am (Brasília time). Shortly before, at 10:45 am, it will be the Chicago PMI’s turn.

Federal Reserve Chairman Jerome Powell gives a speech at 1:30 pm Powell will stress the importance of keeping the coronavirus contagion at bay as the US economy recovers from its deepest contraction in decades. “We entered a new important phase and did it earlier than expected,” said Powell in a text prepared for testimony.

In China, at 10:45 pm, industrial PMI data will be released.

3. Risk of a new pandemic?

Chinese scientists have identified a subtype of influenza virus in pigs that has the potential to generate a new pandemic. The new pathogen is a prevalent strain of the influenza virus on pig farms in China since 2016, in 10 different regions, and containing it requires “urgent” measures, say the researchers.

This virus would be a derivative of H1N1, a group of viruses from which another subtype caused the 2009 flu pandemic, which killed about 250,000 people worldwide.

4. Political tension

The group known as “centão” wants to guarantee more resources for the city halls in exchange for supporting the postponement of the elections and they bet that President Jair Bolsonaro will support the negotiation, reported the newspaper Folha de S.Paulo.

But that is not the president’s only political concern. According to the newspaper, Operation Anjo, launched on June 18, took some steps to elucidate the ties between Fabrício Queiroz and the Bolsonaro family with the militias in Rio de Janeiro.

The Public Prosecutor’s Office revealed a suspicious meeting between Senator Flavio Bolsonaro’s lawyer, Luis Gustavo Botto, and family members of former Bope captain Adriano Magalhães da Nóbrega, appointed as the head of a militia.

Also participating in this meeting was Queiroz’s wife, Márcia Aguiar, who remains on the run. The goal would be to develop an escape plan for the family of the former aide to Flavio Bolsonaro with the help of Adriano.

Still in the spotlight, Bolsonaro is expected to announce today the extension of emergency aid in an afternoon event. Last week, the president spoke in 3 installments with decreasing amounts of R $ 500, R $ 400 and R $ 300, while Câmara signaled that he prefers the extension of emergency aid for two months in installments of R $ 600. According to Globo, he must opt ​​for two installments of R $ 600 of emergency aid.

5. Corporate overview

The Ministry of Agriculture reported that China has suspended imports from three meat processing units from Brazil. The move was allegedly motivated by the Chinese government’s concerns about containing a new outbreak of the new coronavirus.

According to the Reuters agency, a unit operated by Marfrig in the city of Várzea Grande (MT) is one of those suspended. In addition, according to information on the Mapa website, a JBS chicken unit in Passo Fundo (RS) was suspended by China last Friday and another by Minuano in Lajeado is also temporarily prevented from exporting to the Chinese.

The companies did not comment on the matter.

Petrobras said on Monday evening that it had started the process of selling its entire stake in the Tartaruga field, located in the shallow waters of the Sergipe-Alagoas Basin.

The state-owned company has a 25% stake in the field, of which Maha Energy is the operator, with a 75% stake.

The sale process begins with the opportunity disclosure stage (“teaser”), when the company announces the main information about the asset.

The state-owned company also reported that the four platforms installed in the Búzios field, in the Santos Basin pre-salt, reached new production records on June 27. there were 664 thousand barrels of oil per day (bpd) and 822 thousand barrels of oil equivalent per day (boed).

The Búzios field is the largest in deep water in the world.

The record announced on Monday surpasses an earlier mark of the four platforms released on March 11, which was a daily production of 640 thousand barrels and 790 thousand barrels of oil equivalent.

Regarding corporate results, IRB Brasil reported that it closed the first quarter with a net profit of R $ 13.874 million, down 92% in relation to the first three months of 2019.

On Monday night, Ecorodovias posted net income of R $ 103.3 million in the first quarter of 2020, up 23% over the same period last year.

The company’s pro-forma net revenue was R $ 768 million between January and March this year, an increase of 15.6%. The pro forma Ebitda was R $ 530.4 million – a 17.8% jump in the annual comparison.

In the case of Tupy, the result for the first quarter was a net loss of 207.5 million, compared to the profit of R $ 80.442 million seen a year earlier.

The company’s revenue was R $ 1.093 billion, which represents a 14.7% drop in the annual comparison. The company’s adjusted Ebitda was R $ 164.6 million in the first quarter of this year, an increase of 20.2% over the result for the same period last year.

Invest in the most promising career of the next 10 years: learn how to work in the financial market on a free InfoMoney course!





Source link
https://www.infomoney.com.br/mercados/os-5-assuntos-que-vao-movimentar-o-mercado-nesta-terca-feira-300620/

LEAVE A REPLY

Please enter your comment!
Please enter your name here