Investing.com – Investors reflect indicators of inflation in Europe, industrial production in Brazil, and variation in ADP private jobs in the United States. S&P Global Composite PMI data will be released domestically and in the US later today. Furthermore, highlight is the speech by Fed President Jerome Powell at an event at Stanford University.
Consumer inflation in the 20-nation euro zone slowed to 2.4% in March on an annual basis, with downward pressure on food, energy and industrial products. Meanwhile, the region’s unemployment rate remained at 6.5% in February.
In the Asian market, growth in Chinese services activity accelerated in March, with the Caixin/S&P Global Purchasing Managers’ Index (PMI) rising from 52.5 to 52.7. In Japan, the services PMI rose from 52.9 to 54.1. China’s monetary authority, in turn, reported that it will make efforts to increase demand in the country.
The change in ADP jobs in the US was 184 thousand, well above the 148 thousand predicted by the market, and the previous 155 thousand. Yesterday, “labor market data from the Job Openings and Labor Turnover Survey, or JOLTS, showed a drop in the ratio between the number of vacancies available per unemployed person, but it still did not change the perspective of a still strong job market”, he highlighted. XP Investimentos (BVMF:).
This Tuesday, at 9:20 am (Brasília time), it fell 0.13%, lost 0.02% and presented a positive change of 0.03%. It fell 0.17% and was up 0.22%, at R$5.0739.
The , a reference in the United States, rose 0.90%, to US$85.92, and registered an increase of 0.91% to US$89.73.
Vale’s (NYSE:) ADRs lost 0.81% pre-opening, to US$12.17, and Petrobras’ (NYSE:) increased 0.45% to US$15.63.
News of the day
IPC-Fipe — The Consumer Price Index (IPC), which measures inflation in the city of São Paulo, increased by 0.26%, according to the Economic Research Institute Foundation (Fipe).
Central Bank — The Central Bank asked the Ministry of Planning for a 20% increase in its discretionary funds for the year.
Fiscal target — The Minister of Planning and Budget, Simone Tebet, stated yesterday that the government must reassess the zero primary deficit target established for this year every month. With revenue data, it will be possible to verify whether the target of a surplus of 0.5% of GDP for 2025 will be maintained.
Industrial production — Industrial production in February fell 0.3% compared to January, in the seasonally adjusted series, according to the Brazilian Institute of Geography and Statistics (IBGE).
Agenda of the day
Roberto Campos Neto — Lecture at the 10th edition of the Bradesco BBI Brazil Investment Forum, promoted by Bradesco BBI. Meeting, via videoconference, with representatives from Fitch Ratings and the National Treasury Secretariat.
Luiz Inácio Lula da Silva — Signing Ceremony of the Concession Contracts arising from the Transmission Auction. Meeting with leaders of the National Confederation of Rural Workers, Farmers and Family Farmers (CONTAG), 12th National Conference on the Rights of Children and Adolescents.
Fernando Haddad — Meeting with Wilson Lima, governor of Amazonas.
Corporate News
Vale (BVMF:) — The mining company’s divestment process in the Indonesian nickel unit should be completed in July.
Americanas (BVMF:) — The retailer announced sales of R$1 billion in chocolates at Easter, reaching the goal of a 20% expansion in the event compared to last year’s date.
Cury — Cury Construtora (BVMF:) had its rating raised by the risk rating agency Standard and Poor’s Global Ratings. Long-term credit went from “brAA+” to “brAAA”, with a stable outlook, on a national scale in Brazil.
BRF (BVMF:) — The food producer announced the end, this Tuesday, of the share buyback program, with 14 million shares.
Rumo (BVMF:) — José Leonardo Martin de Pontes resigned from his position as full member of the Board of Directors and will be replaced by Nelson Roseira Gomes Neto.
Intel (NASDAQ:) — Intel reported an operating loss of $7 billion in 2023 at its chip manufacturing unit.
Tesla (NASDAQ:) — Tesla released a production report and vehicle deliveries for the first quarter, leading to a sharp drop in shares. Deliveries fell 8.5% compared to the same quarter of the previous year.
X (formerly Twitter) — Social media platform X has appointed Kylie McRoberts as its new head of security. She will be responsible for maintaining media policies.
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