Investing.com – Investors are paying attention to the earnings season in Brazil and the United States, with repercussions of financial data for the first quarter of this year and the payment of extraordinary dividends by Petrobras. Additionally, they wait for the Fed’s preferred inflation indicator, the price index.
The consensus expectation is that the core PCE price index will rise 0.3% in the month, the same increase as in February. The annualized rate is expected to rise to 2.6%, compared to an annual rate of 2.8% in the previous month.
“A surprisingly strong reading could keep pressure on the economy to maintain its fight against inflation, while a cooler-than-expected print would likely increase buzz about a rate cut,” points out Jesse Cohen, an analyst at Investing.com.
During the results season, Hypera (BVMF:) releases indicators this Friday, as well as Chevron (NYSE:), Exxon Mobil (NYSE:), TotalEnergies (NYSE:) and other companies. “Yesterday, the results of Alphabet (NASDAQ:) and Microsoft (NASDAQ:) came above expectations, causing an increase of more than 11 and 4% in the companies’ shares before the market opened, respectively”, highlights XP Investimentos (BVMF :).
At 9:13 am (Brasília time), it gained 1.07%, was up 0.79% and had a positive change of 0.18%. O gained 0.45% and fell 0.12%, to R$5.1548.
a reference in the United States, rose 1.04%, to US$84.44, and registered an increase of 0.90%, to US$89.81.
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Vale’s (NYSE:) ADRs rose 0.49% in pre-opening, to US$12.12, and Petrobras’ (NYSE:) fell 1.70%, to US$16.76.
News of the day
— The Broad National Consumer Price Index 15 (IPCA-15), considered the preview of official inflation, rose 0.21% in April, below the consensus expectation of 0.29%, according to the Brazilian Institute of Geography and Statistics (IBGE).
Tax Reform — The 26.5% rate provided for in the text regulations must be divided between 8.8% federal tax and 17.7% state tax.
Hunger — 24.4 million people emerged from hunger last year in the country, reported the Brazilian Institute of Geography and Statistics (IBGE).
Executive and Legislative — President Luiz Inácio Lula da Silva had 74% fewer meetings with parliamentarians than Bolsonaro, Estadão found.
Foreign exchange flow — Brazil had a total positive foreign exchange flow of US$165 million until April 19, according to the Central Bank.
Agenda of the day
Roberto Campos Neto — Lecture at the Scenario and Perspectives for Brazil event, promoted by the Young Presidents’ Organization (YPO). Meeting with Carl Adams, Managing Executive Officer of Sumitomo Mitsui (NYSE:) Banking Corporation (SMBC), Osamu Yagi, Managing Director, General Manager, and Head of the CEO Office for SMBC Group in the Americas, Achilles Suarez, CEO Brazil, and Shin Hironaka, Director, Vice President of SMBC, at the Central Bank. Meeting with representatives of the International Chamber of Commerce (ICC) Brazil, with Marcelo Fonseca, Chief Economist of REAG Investimentos, João Mansur, Partner and CEO, Silvano Gersztel, Partner, and Carlos Maggioli, Director responsible for credit funds. Meeting, via videoconference, with Ricardo Wagner de Araújo, Inspector General of the Union.
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Luiz Inácio Lula da Silva — In Minas Gerais, visit and inauguration of the Biomm (BVMF:) insulin production plant, departure to São José dos Campos (SP), inauguration of the accommodation building for students at the Technological Institute of Aeronautics (ITA) ). Meetings with the president and CEO of Embraer (BVMF:), Francisco Gomes Neto, with the CEO of Azul (BVMF:), John Rodgerson, and a ceremony to hand over the aircraft from Embraer to Azul.
Fernando Haddad — Accompanies the President of the Republic on his agenda.
Corporate News
Petrobras (BVMF:) — The state-owned oil company approved the distribution of R$21.9 billion in extraordinary dividends.
Nubank (BVMF:) — The bank launched a subscription of R$29 per month with cashback on your credit card and provides access to the Max streaming platform.
Cielo (BVMF:) — Cielo reported recurring net profit of R$503.1 million in the first quarter, an annual increase of 14.1%.
Multiplan (BVMF:) — The company posted a net profit of R$267 million between January and March, an increase of 28.9% compared to the same period in 2023.
XP (NASDAQ:)— The Board of Directors now has four new independent members, who become the majority, reported Brazil Journal.
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