Investing.com – On the eve of the Labor Day holiday (May 1st), markets are releasing data on producer prices and the Brazilian labor market, as well as quarterly indicators of the earnings season. Santander (BVMF:) reported higher-than-expected profits in the morning, and Amazon (NASDAQ:) is expected to report its balance sheet after the market closes.
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On the international scene, the euro zone’s Gross Domestic Product () grew 0.3% in the first quarter, compared to the previous three months, a result above expectations, according to the Eurostat agency. The rate in the 20 European countries that use it was maintained at 2.4% in April on an annual basis, the same as March and according to projections, reinforcing the scenario for the start of interest cuts.
The week revolves around expectations for this Wednesday’s interest rate decision. Although the maintenance of the American interest rate at the current level is widely expected, investors will be paying attention to the statement by the president of the Fed, in a subsequent press conference, which may bring more clues about a possible cycle of cuts.
At 9:10 am (Brasília time), it lost 0.09%, was down 0.10% and had a negative change of 0.18%. O lost 0.19% and rose 0.12%, to R$5.1251.
a reference in the United States, rose 0.61%, to US$83.13, and recorded gains of 0.56%, to US$87.69.
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Vale’s (NYSE:) ADRs fell 0.40% in the pre-opening, to US$12.44, and those of Petrobras (NYSE:) lost 0.23%, to US$17.29.
News of the day
Assistance program — 13 Brazilian states have a larger population on Bolsa Família than employees, Poder 360 reported.
Public accounts — The central government, made up of the National Treasury, Central Bank and Social Security, presented a primary deficit of R$1.5 billion in March.
South American integration — The federal government intends to create an interministerial commission to unlock projects related to works aimed at integration in South America.
— Economists maintained most indicator estimates, but raised projections for 2026 from 8.5% to 8.63%.
— The Brazilian unemployment rate reached 7.9% in the quarter ended in March, reported the Brazilian Institute of Geography and Statistics (IBGE)
— The Producer Price Index (IPP) changed 0.35% in March, also according to IBGE.
Agenda of the day
Roberto Campos Neto — Internal dispatches in São Paulo.
Luiz Inácio Lula da Silva — Interview with journalists from Japanese media outlets, special secretary for legal affairs of the Civil House, Wellington César Lima, minister of the Civil House, Rui Costa, and minister of Cities, Jader Filho, in addition to the minister of Science, Technology and Innovation, Luciana Santos
Fernando Haddad — Meeting with Marcos Lutz, CEO of Grupo Ultra.
Corporate News
Petrobras (BVMF:) — Average daily production of 2.24 million barrels of oil (bpd) reached in the first quarter in Brazil, an annual increase of 4.4%, according to a production and sales report. The company signed a memorandum of intent with Rio Grande do Norte to evaluate the feasibility of implementing a pilot offshore wind energy project.
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Banco Santander Brasil (BVMF:) — The bank recorded an annual increase of 41.2% in recurring net profit in the first quarter, which totaled R$3.02 billion.
Sabesp (BVMF:) — São Paulo councilors continue in negotiations for approval in the second round of the text that provides for the municipality’s adherence to the privatization of the company, according to Mayor Ricardo Nunes (MDB).
Vale (BVMF:) — Despite the presentation by Samarco and its partners Vale and BHP of a R$127 billion reparation proposal related to the Mariana disaster, the Public Ministry of Minas Gerais is still seeking to increase this amount.
Casas Bahia (BVMF:) — The São Paulo Court of Justice granted Casas Bahia’s request for extrajudicial recovery this Monday, according to a column by Lauro Jardim, from the newspaper O Globo.
CTEEP (BVMF:) — Energy transmitter ISA CTEEP reported net profit of R$409.2 million in the first quarter, an annual increase of 33.7%.
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