Monday’s Morning Call: Brazilian Market Insights Before Opening
The week in Brazil begins with key announcements focusing on governmental financial planning and market activities.
The BCB Focus Report will be published at 8:25 AM, providing insights into the Central Bank’s market expectations.
At 10:00 AM and 3:00 PM, the results of the Construction Industry Survey and Trade Balance figures will be released, respectively.
Additionally, the Ministry of Planning is scheduled to release the Revenue and Expenditure Assessment Report for the third bimester.
This critical update, expected later this afternoon, will detail the specifics behind the recently announced R$15 billion budget cuts by Finance Minister Fernando Haddad.
Further, this week will provide a deep dive into Brazil’s economic health with several pivotal data releases:
Monday, July 22
- 8:25 AM: Publication of the BCB Focus Report.
- 10:00 AM: Results from the Construction Industry Survey.
- 3:00 PM: Trade Balance figures.
Market Performance Analysis
Ibovespa Recap: Last Friday, the Ibovespa index slightly declined by 0.03% to 127,616.46, concluding the week 0.99% lower.
This marked the index’s first weekly drop after a month of gains, amidst global uncertainties and local fiscal adjustments announced by the Brazilian government.
Currency Fluctuations: The commercial dollar ended the week at R$5.60, marking an increase of 0.30%.
The dollar experienced a significant surge late in the week, closing just shy of its peak at R$5.603, driven by fiscal concerns and broader global market dynamics.
Recent Market and Corporate Developments
Latam Airlines’ NYSE Relisting: Latam Airlines will relist on the New York Stock Exchange next Thursday, aiming to raise over $530 million.
Valued at approximately $8.5 billion after emerging from bankruptcy, the airline will offer 19 million American Depositary Receipts.
Petrobras Refinery Repurchase Plans: Petrobras may repurchase the Amazon Refinery for $257.2 million from Atem to centralize fuel industry management.
This move aligns with President Luiz Inácio Lula da Silva’s broader strategy to stabilize operations and control prices.
Corporate Performance
Gafisa’s Decline: Gafisa’s Q2 net sales dropped 56.1% to R$111.3 million, showing a tough quarter.
Tecnisa’s Growth: Tecnisa’s Q2 net sales rose 169.1% to R$310 million, indicating strong growth.
Enel’s São Paulo Investment: Enel plans a R$6.2 billion investment for São Paulo by 2026 to upgrade the electrical grid.
Bitcoin’s Resilience: Despite the tech crisis, Bitcoin peaked at $66,791, showing resilience as other markets struggled.
Summary
This week will feature governmental financial updates, market movements, and strategic corporate actions in Brazil’s dynamic economy.
Investors and stakeholders will be keenly watching these developments to gauge the potential impacts on both local and global scales.
Monday’s Morning Call: Brazilian Market Insights Before Opening
More: Brazil news in English, every day from The Rio Times.
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Brazil Morning Call — Live Board
+1.00%
177,418.78
+1.00%
65,048.39
-0.67%
11,315.26
-1.14%
3,033,848
+1.83%
2,425.08
-1.33%
59,928.30
-0.80%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 177,418.78 | +1.00% | +21.85% | 175,664.62 | 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 |
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