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Good morning, Sardine Investor. This is Morning Punch, the top news of the day in the financial market, all in 5 minutes, so you can start your day with a bang.
First on Friday (September 16, 2022) IBOVESPA (the index of our stock exchange) is trading down 0.61%, closing at 109,280 points, fell by 2.69%. (Is it over, Jessica?). Look, the life of an investor is not easy. Everything that could go wrong, did. We don’t rise from abroad when it comes to falling, do we?
Before that, on the side of the biggest increases we had companies such as:
On the other hand, within the index, the largest decline was recorded by companies:
- COGNA: -9.22%
- YDUQS: -5.52%
Finally, leaving the small domestic market, let’s talk about world stock markets and international market indices.
Morning call international indices
Currently, in the international scenario, the world’s stock markets closed negative, with the exception of Turkey (I don’t know where they got their optimism from, the guys have an annual inflation of 80.21% – the highest level since 1998), Russia and China. Meanwhile, the dollar rose by 0.12% to R$5.25.
In the United States, the stock markets had the following results:
- DOW JONES: -0.45%
- S&P 500: -0.72%
- NASDAQ: -0.90%
On the European stock exchanges, the results were as follows:
- DAX (Germany): -0.80%
- FTSE 100 (England): -0.62%
- CAC 40 (France): -1.42%
- FTSE MIB (Italy): -1.21%
Finally, on the Asian stock exchanges:
- Nikkei (Japan): -1.11%
- Shanghai (China): -0.35%
- KOSPI (South Korea): -1.14%
Meanwhile, cryptocurrencies in the last 24h (6h35min):
- Bitcoin: -8.21%
- Ethereum: -9.36%
- Chain: -0.01%
- USD coin: -0.01%
- BNB: -6.31%
Still in goods:
- Gold: +0.18% ($1,686.55/troy ounce)
- Brent oil (futures): +0.56% ($91.35/barrel).
- Natural gas: -1.83% (7.62 USD/m³)
- Iron Ore (Futures): -1.13% ($99.26/ton)
ECONOMIC CALENDAR OF THE WEEK
Last night we already had data on foreign direct investment in China, which amounted to 17.30% and reached 16.40% in the month of August, while we are waiting for the Focus newsletter to come out today.
Tomorrow, data on the construction of new homes in the US will be released, so that we have an indication of whether the construction sector has heated up or not, there is also an auction of 20-year bonds and oil stocks.
Super Wednesday, the FOMC statement was released and the Central Bank of Brazil’s interest rate meeting is debating whether to keep the rate at 13.75% or increase it to 14%.
On Thursday, the European Central Bank’s monthly report and initial US jobless claims. The decision on interest rates in Brazil is finally coming out (18:00).
Sixth, industrial PMI in the Eurozone and the US.
Now let’s talk about stocks and shares (shares abroad).
Morning call actions
NATURE FALLS ON NEWS OF RESTRUCTURING
In the last session alone, the company had a decline of 10.47%, as we have already mentioned, which indicates that the market did not like the statement that clarified its restructuring, spin around (basically creating a company from another) and possible sale The Body Shop.
By September 15, Natura’s shares rose more than 15 percent, and then collapsed, as they say: apparently rising, but actually falling.
On the other hand, the company stated that it does not exclude the revision of its business models and that it is focused on improving the fundamentals of business. Natura&Co explained that Aesop (Australia) focuses on skin and hair products and is focused on growth, while The Body Shop (England) seeks to improve efficiency and profitable cash generation.
Volkswagen even boosted its shares after it said it was targeting a valuation of up to 75 billion euros ($74.84 billion) for its sports car brand. With that, we can say that this would be the third largest IPO in Europe.
The company’s proposal is to win over investors considering the possibility of a stable brand and high operating margin. But when we look at other luxury car manufacturers like Aston Martin and Ferrari, we see the difficulty in the midst of all this turmoil in Europe, don’t we?
The initial negotiations should be at the end of September and would not happen just by withdrawing the IPO if there are serious geopolitical problems. (I kept thinking, more serious than war? Only if it’s a nuclear bomb).
And interestingly, Porsche’s IPO is a thermometer for Volkswagen to list other companies, such as its Audi, for example.
And now news from the domestic and world markets:
Summary of news from Brazil and abroad
IGP-10 HAS DEFLATION OF 0.90% PER MONTH, INFLATION IN LATIN AMERICA AND THE FUTURE
September shows a sharper drop in the General Price Index than last month, but despite this, our inflation is 7.45% in the year, and 8.24% in the last 12 months.
Comparing Latin American countries, from July 2021 to July this year, Argentina reached 71% inflation, while Chile reached 13.1%, 10.2% in Colombia, 10% here in Brazil, 8.1% in Mexico and 5 .6% in Peru.
Those who go to the supermarket felt the effects of the war between Ukraine and Russia when they went to buy sunflower oil, the lack of exports due to the conflict led to a 93.4% increase in value in Argentina (the biggest increase), and 26.2% here. Flour, same, 103.1% increase in Argentina and 32% here. Beef has increased about 66.5% here and for Brothers.
From all this we know that at least here we have had government maneuvers to reduce prices, with ICMS restrictions and other things, but next year we have a state that is more indebted and with limited spending. Auxílio Brasil alone has a cost of 51.8 billion in the budget and questions like these can change the forecasting scenario for our country.
THE GOVERNMENT OF INDIA BAN THE EXPORT OF RICE
Initially, Indians saw a reduction in rainfall in July and August, so erratic monsoon rains during those months reduced production this year.
Now, the Indian government has imposed an export tax of 20% on some types of rice from September 9 and banned the export of broken rice. His idea with this is an attempt to control domestic prices.
Finally, if you don’t already know, India is responsible for no less than 40% of global rice shipments, exporting to more than 150 countries. In 2021, it exported 21.5 million tons, which is four times more than Thailand, Vietnam, Pakistan and the USA combined (and are the top four exporters after India).
Now, news on real estate funds:
Morning call real estate funds
First, on Friday (9/16) our IFIX closed 0.43%, 2.984 points. and in September, the index is +0.27%, and in the year 222. The variation is 6.4%.
Among the positive details of the session:
- BLMR11: +4.62%
- HGLG11: +4.23%
- KNRI11: +3.92%
- HCTR11: -6.69%
- ARCT11: -2.31%
- XPIN11: -2.08%
Now, into the crypto world:
Morning call crypto assets
AMAZON IS AMONG THE COMPANIES THAT WILL DEVELOP THE DIGITAL EURO INTERFACE
The largest e-commerce company was initially selected along with Spanish multinational CaixaBank, French payments platform Worldline and Italian payments-focused bank Nexi to help develop user interfaces for the potential digital euro.
By September next year, the European Central Bank intends to announce the use of digital currency between people to facilitate payments within the European Union, in short.
Each selected company will have its own role in the development of the digital currency, Amazon, for example, will have to design something for payment in e-commerce, while CaixaBank will create a mobile application that simulates the steps users will take to transfer the digital euro to their bank accounts or other persons.
Although the European Union lags behind other countries, it is worth remembering that the US has not yet decided whether a digital dollar is in the national interest. Finally, here in Brazil the digital reality is already being tested.
That’s how ours ends Morning call. Good investments.