Friday’s Morning Call: Key Economic Indicators to Watch Today
Brazil’s financial landscape flourishes, driven by both domestic and global influences.
Yesterday, the Ibovespa index has soared to unprecedented heights, fueled by a mix of easing U.S. recession fears and encouraging data from within Brazil.
Concurrently, the Brazilian real has appreciated due to a weakening U.S. dollar, enhancing the appeal of emerging market currencies.
Economic Schedule for Friday, August 16
Today’s economic disclosures are pivotal, poised to shape investor sentiment and market dynamics.
In Brazil, crucial reports scheduled include the IGP-10 and IPC-S indices at 08:00 and the BCB’s Economic Activity Index at 09:00.
These insights into inflation and economic trends are crucial. The CNI’s Industrial Survey will offer insights into the health of the industrial sector.
Positive results could boost the Ibovespa and strengthen the Brazilian real.
In the Euro Zone, the Trade Balance for June is scheduled for release at 06:00. It will reveal the health of the region’s trade.
This could support the euro and affect emerging market currencies, including the Brazilian real.
In the U.S., the preliminary University of Michigan Consumer Confidence Index for August, scheduled for 11:00, will be critical.
It will offer a gauge of consumer sentiment, possibly affecting the stability of the U.S. dollar and impacting emerging market currencies.
Brazil
- 08:00: FGV: IGP-10 (August)
- 08:00: FGV: IPC-S (weekly)
- 09:00: BCB: Economic Activity Index IBC-Br (June)
- CNI: Industrial Survey
Euro Zone
- 06:00: Trade Balance (June)
United States
- 11:00: University of Michigan Consumer Confidence Index (August) – Preliminary
U.S. Markets, Cryptos and Oil Yesterday
Wall Street approached yesterday record highs as the U.S. economy displayed unexpected resilience. The S&P 500 climbed 1.6% on Thursday, marking its sixth consecutive gain.
The Dow Jones Industrial Average grew by 1.4%, and the Nasdaq composite increased by 2.3%.
Treasury yields rose in the bond market following reports of heightened consumer spending and a decrease in unemployment claims.
Walmart’s stock surged after the company raised its sales forecast, anticipating a Federal Reserve interest rate cut next month.
As the digital currency realm experienced another day of decline, Bitcoin and Ethereum extended their downward trajectory for the second consecutive session on Thursday.
Despite the broader market’s pro-risk environment, cryptocurrencies failed to capitalize on the opportunity to rebound.
Bitcoin dipped 2.17% to $57,682.99 within the last 24 hours, peaking at just over $59,000 before losing momentum. Ethereum also saw a significant drop, falling 4.34% to $2,539.40.
In a positive turn for the global economy, crude oil futures rose significantly on Thursday, August 15.
Recent economic data has alleviated concerns about a potential U.S. recession.
At the New York Mercantile Exchange, West Texas Intermediate (WTI) crude for September delivery climbed by 1.53%, reaching $78.16 per barrel.
Corporate Earnings and Developments in Brazil
Several Brazilian companies have reported significant developments for Q2 2024:
- BRF celebrated a strong turnaround with a net profit of R$1.094 billion, fueled by strategic initiatives.
- Equatorial highlighted robust EBITDA growth, positioning itself for future success.
- Marfrig achieved profitability, reflecting strong performance despite prevailing challenges.
- IRB Brasil witnessed a surge in profits, overcoming various hurdles.
- Oi reported a R$15 billion profit through effective debt restructuring.
- Gol faced revenue declines and rising costs affecting its Q2 performance.
- Petz experienced a dip in earnings as store sales declined.
- Agrogalaxy reported a significant revenue decline, indicating sector-specific challenges.
- SLC Agrícola raised concerns over increasing debt levels affecting financial stability.
Investor Mood and Market Outlook
Investor sentiment today is cautiously optimistic. The stabilization of Brazil’s stock market, coupled with robust earnings reports, crafts a positive outlook.
However, the mixed performance of global markets, especially in the U.S., signals caution regarding potential volatility.
Overall, Brazil’s financial narrative is marked by optimism, underpinned by solid economic indicators and corporate earnings.
Investors are advised to stay alert, taking both domestic and international factors into account in their investment strategies today.
Friday’s Morning Call: Key Economic Indicators to Watch Today
More: Brazil news in English, every day from The Rio Times.
Live Market IntelligenceBrazil Morning Call — Live Board
Rio Times · Live Market Intelligence
Brazil Morning Call — Live Board
+0.46%
183,827.59
+0.46%
65,071.30
+0.20%
11,055.91
-0.73%
2,782,561
-0.59%
2,558.92
-0.79%
60,220.45
+0.32%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 183,827.59 | +0.46% | +21.85% | 182,991.13 | 168,310 | 167,142 | — |
| USD/BRL | 5.16 | +0.01% | -5.13% | 5.16 | 5.18 | 5.14 | — |
| EUR/BRL | 5.95 | +1.01% | -5.83% | 5.89 | 5.98 | 5.94 | — |
| SELIC | 14.00% | — | — | — | — | — | |
| BRENT | 88.88 | -0.03% | +34.42% | 88.91 | 90.07 | 88.12 | 29,713 |
| WTI | 83.11 | -0.11% | +31.57% | 83.20 | 84.35 | 82.40 | 166,848 |
| IRON ORE | 161.91 | — | +58.10% | 161.91 | 161.91 | 1 | |
| GOLD | 4,461 | +1.78% | +33.20% | 4,383 | 4,503 | 4,421 | 139,824 |
| SILVER | 65.59 | +1.26% | +73.05% | 64.77 | 66.98 | 64.81 | 46,406 |
| LITHIUM | 75.20 | +1.47% | +62.95% | 74.11 | 75.80 | 75.08 | 89,275 |
| SOY | 1,184 | +3.20% | +17.05% | 1,148 | 1,199 | 1,168 | 163,179 |
| CORN | 480.50 | +10.02% | +29.34% | 436.75 | 480.75 | 459.50 | 341,248 |
| WHEAT | 655.00 | +3.93% | +29.70% | 630.25 | 657.75 | 631.50 | 128,793 |
| COFFEE | 317.25 | -5.51% | +0.67% | 335.75 | 321.20 | 313.55 | 21,747 |
| SUGAR | 16.43 | -1.79% | -3.01% | 16.73 | 17.11 | 16.22 | 171,992 |
| ORANGE JUICE | 138.55 | -0.47% | -45.38% | 139.20 | 141.05 | 137.50 | 703 |
| COTTON | 85.03 | +2.33% | +26.78% | 83.09 | 82.90 | 81.96 | 16,546 |
| BEEF | 223.60 | -3.93% | -5.18% | 232.75 | 226.40 | 223.00 | 16,126 |
| CATTLE | 339.10 | -3.16% | -1.82% | 350.17 | 345.50 | 338.60 | 10,164 |
| COCOA | 5,719 | +3.18% | -34.96% | 5,543 | 5,779 | 5,574 | 26,773 |
| PETR4 | 41.64 | -0.05% | +35.19% | 41.66 | 41.97 | 41.15 | 41,499,400 |
| VALE3 | 72.97 | +0.83% | +30.75% | 72.37 | 73.54 | 72.66 | 17,658,000 |
| SUZB3 | 41.33 | +2.35% | -23.55% | 40.38 | 41.48 | 40.35 | 3,914,900 |
| KLABIN | 17.69 | +0.80% | -2.95% | 17.55 | 17.74 | 17.48 | 2,057,400 |
| SLCE3 | 13.34 | +0.30% | -12.25% | 13.30 | 13.42 | 13.20 | 1,454,200 |
| ABEV3 | 14.89 | -0.80% | +21.91% | 15.01 | 15.07 | 14.81 | 16,453,100 |
| ITUB4 | 38.60 | -1.03% | +4.57% | 39.00 | 39.34 | 38.39 | 29,487,800 |
| BBDC4 | 16.85 | +0.36% | +3.50% | 16.79 | 16.90 | 16.67 | 19,416,900 |
| BBAS3 | 19.37 | +0.47% | +0.73% | 19.28 | 19.44 | 19.16 | 11,069,200 |
| B3SA3 | 14.26 | -0.21% | +12.73% | 14.29 | 14.47 | 14.11 | 33,037,800 |
| WEGE3 | 47.59 | +0.49% | +29.99% | 47.36 | 48.08 | 47.36 | 3,364,600 |
| PRIO3 | 59.14 | -0.19% | +50.67% | 59.25 | 59.81 | 58.74 | 3,325,600 |
| RENT3 | 34.68 | -0.09% | +0.84% | 34.71 | 34.96 | 34.35 | 7,979,100 |
| AZZA3 | 15.89 | -2.63% | -53.76% | 16.32 | 16.42 | 15.82 | 1,330,300 |
| CSNA3 | 4.30 | +0.47% | -42.65% | 4.28 | 4.41 | 4.26 | 10,076,100 |
| GGBR4 | 24.69 | +2.19% | +51.38% | 24.16 | 24.85 | 24.18 | 7,047,600 |
| ENEV3 | 24.21 | -1.38% | +70.49% | 24.55 | 24.64 | 23.99 | 9,297,000 |
| LREN3 | 11.87 | -1.33% | -28.65% | 12.03 | 12.17 | 11.83 | 9,683,300 |
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error
LatAm Markets: Live Signals → — real-time movers, turnover leaders and FX across Latin America.