Investing.com – Investors are paying attention to the start of the two-day meeting of the Central Bank’s Monetary Policy Committee () as well as the social and economic impacts of the rain-related disaster in Rio Grande do Sul. In addition, the rain season balance sheets continues with a robust agenda this week, with repercussions of data from Tim, Embraer, Itaú Unibanco and more companies.
“The agents were apprehensive about the potential effect on the economy of the floods that occurred in Rio Grande do Sul, since the size of the financial aid promoted by the government to the state has not yet had its value disclosed, as well as its consequences on public coffers” , points out XP Investimentos (BVMF:).
The monetary policy decision is expected to be announced this Wednesday, with the market more divided regarding the pace of cuts. The consensus expectation now indicates a decrease of 0.25 percentage points, against half a point previously predicted, but economists have greater divergences on the topic in relation to previous meetings.
In the international market, those in the euro zone rose 0.8% in March compared to February, as expected by the market. Meanwhile, those in Germany recovered in March, with an increase of 0.9% on a monthly basis, above forecast, driven by demand in the United States and China.
In the USA, , president of the Richmond central bank (Fed), said that interest rates are restrictive enough for the disinflation process, which reinforces the previous week’s statements ruling out new increases in .
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At 9:10 am (Brasília time), it lost 0.17%, gained 0.01% and was appreciating 0.04%. O lost 0.02% and was down 0.02%, at R$5.0748.
The , a reference in the United States, fell 0.31%, to US$78.24, and registered losses of 0.29%, to US$83.09.
Vale’s (NYSE:) ADRs were up 1.07% in the pre-opening, at US$12.74, and those of Petrobras (NYSE:) gained 0.42%, at US$16.71.
News of the day
Disaster in the South — The Chamber of Deputies approved the recognition of the state of calamity in Rio Grande do Sul due to heavy rains that left more than 80 people dead. This way, the federal government can send resources without affecting the fiscal target.
Tax Reform — Tax Reform “can be dehydrated in detail”, stated the president of the National Confederation of Industry (CNI), Ricardo Alban, according to Poder 360.
Gas pipeline — Paraguay is advancing in negotiations to facilitate a gas pipeline to connect the country, Argentina and Brazil, with values around US$1.5 billion, Reuters reported.
Economic outlook — Study by the Brazilian Federation of Banks (Febraban) shows that more than half of Brazilians expect the country’s economy to improve by the end of the year, also according to Poder 360.
Agenda of the day
Roberto Campos Neto — Participates in the first session of the Copom Meeting. Meeting with Vinícius de Carvalho, Minister of the Comptroller General of the Union (CGU). Attends a dinner hosted by the Ambassador of India, Suresh Reddy.
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Luiz Inácio Lula da Silva — Meeting with the Minister of the Civil House, Rui Costa, and the president of the National Bank for Economic and Social Development (BNDES), Aloizio Mercadante.
Fernando Haddad — Meetings with Tarciana Medeiros, President of Banco do Brasil (BVMF:), with Geraldo Alckmin, vice-president of the Republic and minister of Development, Industry, Commerce and Services. Canal AgroMais Board Dinner.
Corporate News
Itaú Unibanco Holdings (BVMF:) — Itaú Unibanco presented a recurring net profit of R$9.8 billion in the first quarter, a gain of 15.8% compared to the same period of the previous year.
Tim (BVMF:) — Tim had a normalized net profit of R$519 million in the first quarter of this year, an annual increase of 19%.
Rede D’Or São Luiz (BVMF:) — The company made a profit of R$840.3 million between January and March, an increase of 176% compared to the same period in 2023.
Embraer (BVMF:) — Embraer reported an adjusted net loss of R$63.5 million in the first quarter, compared to a negative result of R$460.5 million in the same period in 2023.
Pague Menos (BVMF:) — The pharmaceutical retail chain reported an adjusted net loss of R$29.6 million in the first three months of the year, compared to a loss of R$55.3 million between January and March of last year.
Vivara (BVMF:) — The jewelry chain presented a net profit of R$35.8 million in the first quarter, a drop of 7.2% over the same period in 2023.
Enauta (BVMF:) — Enauta made a profit of R$209 million in the first quarter, an annual increase of 77.1%.
Vamos (BVMF:) — Vamos, a company owned by the holding company Simpar (BVMF:), had a net profit of R$183 million, an increase of 8.2% compared to the same period in 2023.
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CCR (BVMF:) — CCR presented a net profit of R$449 million in the first quarter, an annual increase of 41.5%.
Banco Pine (BVMF:) — Banco Pine presented a record net profit of R$63 million in the first quarter, an increase of 106% compared to the same period last year.
Americanas (BVMF:) — The demand made possible by arbitration by Instituto Empresa, which includes 500 investors against the retailer, reached the value of R$32 billion.
Weg (BVMF:) — Weg will continue with plans to participate in the American wind generation market, according to a statement to the market.
Aura Minerals (BVMF:) — Aura Minerals had a net loss of US$9.2 million in the first quarter of this year, reversing a profit of US$18.7 million from a year earlier.
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