ADVFN News | Good morning ADVFN
This is Good morning, investors! October 17, 2022with everything you need to know before the opening of the Stock Exchange!
world scholarships: U.S. index futures are rising, reversing some of last Friday’s losses, as investors await third-quarter corporate results. Asian shares ended higher, with the exception of the Nikkei index in Japan.
On Asia, stocks rose mostly, awaiting news from the 20th National Congress of the Communist Party of China, which is expected to confirm a third term for Xi Jingping and also awaiting data on the country’s economy, due later in the week. Today, the PBoC kept the interest rate on its medium-term loan at 2.75%, signaling that benchmark interest rates should follow suit.
On Europe, Stock markets are operating in the red. Investors are expecting a statement from the new British finance minister, Jeremy Hunt, regarding changes to the government’s fiscal package. The initial idea of cutting taxes and increasing spending led to the downfall of the previous president, Kwasi Kwarteng, last week. According to Britain’s Treasury, today Hunt is expected to anticipate measures from a package that has helped reduce gilt interest rates and boost the pound sterling. BoE confirms completion of gilt buying program as planned. The British BC reiterates that the aim was not to create a permanent instrument. The transactions have increased resilience in the funds market, the BoE says. Russia attacked Kyiv, Ukraine this morning with “kamikaze” drones, according to a senior Ukrainian official, who repeated calls for Western allies to provide the country with more advanced air defense systems. At least four explosions were heard in Kiev, Ukraine, around 12:45 a.m. EDT Monday as a result of apparent Russian missile strikes, according to CNN personnel on the ground. One of the explosions took place in the Shevchenkivskyi district in the center of the Ukrainian capital, according to a post on Telegram by mayor Vitaly Klitschko. This is the second time in a week that the district has been affected.
Our United States, Indices are currently rising. The outlook for US consumer prices continues to fuel bets that the Federal Reserve could raise interest rates further at its next two meetings, changing the outlook for global economic growth and its markets. Investors are listening to news from Beijing, where President Xi Jinping said China’s global power has grown, warning of “dangerous storms” ahead.
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International future WTI oil is trading at $85.17, up 0.64%. ON Brent is trading up 0.59%, trading at $92.19.
Bitcoin (COIN:BTCUSD) is trading at USD 19,269.13 (+0.47%). ON gold is trading at $1,660.70 per troy ounce (+0.74%).
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iron ore: Iron ore traded on the Dalian Stock Exchange fell 2.00% to 686.50 yuan, equivalent to 95.29 US dollars.
coronavirus
Brazil recorded two deaths from covid-19 in the last 24 hours on Sunday (16), for a total of 687,197 since the start of the pandemic. Thus, the moving average of deaths in the last 7 days is 41. Compared to the average of 14 days ago, the variation was -47%. In total, the country recorded 616 new diagnoses of Covid-19 in 24 hours, completing 34,792,386 known cases since the beginning of the pandemic.
The Secretary of State for Health of São Paulo reported that the state recorded, on Saturday (15), the second death from monkeypox. The patient was born in Santos, is 36 years old, had comorbidities and was hospitalized in Praia Grande since the beginning of September.
Brazil
Pix appeared on the market in 2020 as an option that would do away with bank transfers via DOC and TED, facilitating people-to-people payments. As a result, these options for sending funds that previously guaranteed fees to banks have seen a decline in importance. Now Pix can make another sacrifice, this time in e-commerce: payment by bank confirmation. For retailers, Pix not only has the potential to reduce or even replace boleto, but also increase e-commerce sales and reduce churn. According to the Brazilian Association of Electronic Commerce (ABComm), Boletus payments are not made 50% of the time. In addition, lack of flexibility in payment can lead to cart abandonment. According to payment company Adyen, 52% of Brazilian consumers say they have abandoned a purchase because they couldn’t pay the way they wanted. According to the GMattos Payment Study, just two years after its launch, Pix already shares the second place in the payment receipt, next to tickets. Pix adoption has the potential to reach 92% in the coming years, the consultancy predicts. As of January 2021, Pix had 16.9% adoption among Brazilian e-commerce; in July of this year, it reached 76.3%.
Powers
President Jair Bolsonaro (PL) sent to the National Congress a bill that opens R$ 113.3 million in additional credit in the investment budget for the state company Transportadora Brasileira Gasoduto Bolivia-Brasil SA (TBG), Companhia Docas do Pará (CDP), Brazil Airport Infrastructure Company (Infraero) and Brazilian Post and Telegraph Company (ECT).
economy
Economy Minister Paulo Guedes will nominate former Central Bank President Ilan Goldfajn as President of the Inter-American Development Bank (IDB). He revealed the candidate to US Treasury Secretary Janet Yellen during the annual meetings of the International Monetary Fund (IMF).
After almost all major airports have gone through the concession process in the country, the National Civil Aviation Secretariat (SAC) is now set to move forward with a Public Private Partnership (PPP) plan for small terminals. The idea is to auction five to six blocks, for the first of which, in the Amazon region, studies should be completed by the end of November, with an estimated budget of R$ 300 to 400 million (government payments to a private partner). The contracts would last from 10 to 15 years.
Economic agenda
– USA: Balance sheet of Bank of America, before market opening
– Vale releases 3TRI post-closing production and sales report
– FGV: reviews of IPC-S (8h)
– Focus Bulletin (8:25) *
– BC: IBC-Br should fall by 0.30% in August (9am) *
– US/Fed NY: Empire State Industrial Activity Index for October (9:30 am)
– Italy: ECB head Philip Lane attends event (12:00)
– Weekly trade balance (15:00)
– USA: ECB President Joachim Nagel attends the event (16:00)
– China/NBS: 3QR GDP (23:00)
– China/NBS: September industrial production (23:00)
Ibovespa and the dollar in the last trading session:
Ibovespa:
Brazilian market reference, main index closed down 1.95% to 112,072.34 points, which marked the fourth consecutive session. For the week, the index recorded a cumulative decline of 3.7%, the largest weekly low in four months.
The biggest ascent on Ibovespa
ENGI11: +1.40% to 44.35 BRL
ENEV3: +0.75% to BRL 13.50
CYRE3: +0.27% to BRL 18.61
EGIE3: +0.24% to BRL 38.37
ENBR3: 0.09% to BRL 07.22
The biggest falls on Ibovespa
MGLU3: -11.18% to BRL 4.37
AMER3: -8.45% to BRL 17.44
YDUQ3: -7.92% to BRL 13.13
VIIA3: -7.12% to BRL 3.39
BEEF3: -6.37% to BRL 13.23
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Dollar
The dollar closed with a high of 0.97%traded on 5323 BRLthe highest price since September 30 (5394 R$).
fees
DI for 2025 gained six basis points, to 11.77%, and DI for 2027, eight points, to 11.63%. DI for 2029 and 2031 received nine and eight points respectively, at 11.78% and 11.85%.
to repair
The index is closed with down 0.03% to 2,992.58 points. The index varied between a low of 2,988.36 points and a high of 2,998.08 points.
Source: CNN, CNBC, Infomoney, TC, G1, Agência Brasil and BDM, estadão, this is money.
