Investing.com – Markets reflect softer signals than last week and weaker-than-expected indicators of the American labor market, which led to adjustments in expectations and hope regarding a closer start to the cycle of interest cuts. This week, more Fed officials speak to the market, which may provide clues as to the monetary authority’s next steps.
“Despite the weaker indicators in April, the US job market remains tight amid the low unemployment rate and high wage growth”, ponders XP Investimentos (BVMF:).
On the local scene, attention focused on the economic impacts of the tragedy in Rio Grande do Sul and the decision of the Monetary Policy Committee () of the Central Bank on Wednesday, with the market more divided over the possibility of a half-point cut or further flexibility. smaller.
“We assess that, on the merits, the likelihood of the Fed being more dovish than recently suggested has increased again, whilst, strategically, we assess how prudent the authority is to end the bearish cut cycle by strictly complying with what has been signalled”, points out Ativa Investimentos , which expects a half-point cut.
Data from S&P Global will be released on Monday, , and Wednesday. Inflation continues to be monitored, with the Broad Consumer Price Index () released on Friday.
Still on the international scene, data from the Chinese economy indicate that services activity decreased slightly in April. The Caixin Services PMI reached 52.5 in April, in line with expectations, against 52.7 in the previous month.
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At 9:10 am (Brasília time), it rose 0.30%, gained 0.40% and was appreciating 0.39%. O lost 0.19% and rose 0.04%, to R$5.0743.
a reference in the United States, rose 0.93%, to US$78.84, and recorded gains of 0.77%, to US$83.60.
Vale’s ADRs (NYSE:) were up 1.07% in the pre-opening, at US$12.74, and those of Petrobras (NYSE:) gained 0.61%, at US$16.55.
News of the day
Small businesses — The offer of credit for small businesses from the National Bank for Economic and Social Development (BNDES) increased by 52% in the first quarter of this year compared to the same period in 2023, according to Poder360.
Veto analysis — Congressional deputies and senators analyze federal government vetoes this week, with consideration scheduled for Thursday.
Biofuels — Mubadala Capital, from Abu Dhabi, wants to invest around US$13.5 billion in biofuels in Brazil over the next decade, according to the Financial Times.
— Economists consulted by the Central Bank reduced the inflation projection for this year to 3.72%, while the Selic median was raised to 9.63% and GDP to 2.05%. The expectation for the dollar remains at R$5.
Agenda of the day
Roberto Campos Neto — Participates, via videoconference, in a meeting promoted by the Bank for International Settlements (BIS).
Luiz Inácio Lula da Silva — Meetings with the minister of the Civil House, Rui Costa, with the special secretary for legal affairs of the Civil House, Wellington César Lima, with the minister of Justice and Public Security, Ricardo Lewandowski and with the head of the personal office of the President of the Republic, Marco Aurélio Marcola. Solemnity of signing of agreements between Itaipu Binacional, the government of Pará and the city of Belém.
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Fernando Haddad — Schedule not yet released.
Corporate News
Petrobras (BVMF:) — The Brazilian state-owned company loaded diesel from India onto a Suezmax oil tanker after a month-long delay, Reuters reported. The company must transfer part of the natural gas quota acquired from Bolivia from July onwards.
Vale (BVMF:) — Vale’s next CEO should be more aligned with the government, said the Minister of Mines and Energy, Alexandre Silveira.
Zamp (BVMF:) — Zamp, operator of Burger King in Brazil, had a loss of R$90.8 million in the first quarter, an annual worsening of 64.5%.
BB Seguridade (BVMF:) — BB Seguridade presented a net profit of R$1.84 billion between January and March, an increase of 4.7% compared to the same period last year.
Neoenergia (BVMF:) — Neoenergia Cosern (BVMF:) estimates investments of R$2.1 billion until 2027.
Kora Saúde (BVMF:) — Controlling shareholders requested a meeting to vote on a possible voluntary exit from the new market with exemption from a public takeover offer (OPA).
Ambipar (BVMF:) — Ambipar appointed two new independent directors, Victor Almeida, and Felipe Dias, Brazil Journal reported.
Berkshire Hathaway (NYSE:) — Berkshire Hathaway reported first-quarter net income of $12.7 billion, a year-over-year decrease of 64.2%.
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