Investing.com – Investors are reviewing data on Brazilian inflation, as well as a series of indicators for the balance sheet season and agreement on tax relief with a gradual resumption of taxes starting next year.
The Broad Consumer Price Index () reached 0.38% in April, reported the Brazilian Institute of Geography and Statistics (IBGE). The consensus projection indicated a positive variation of 0.35%. Thus, the twelve-month indicator falls from 3.93% to 3.69%.
Furthermore, on the international scene, the UK economy measured by Gross Domestic Product () grew by 0.6% in the first quarter of this year, according to preliminary data, above what the market expected. In this way, the economy emerges from the recession with the fastest expansion in almost three years.
Investors still review quarterly data from companies such as CSN (BVMF:), Suzano (BVMF:), B3 (BVMF:), Sabesp (BVMF:), Magazine Luiza (BVMF:), C&A Modas (BVMF:) and Petz (BVMF: ). M.Dias Branco (BVMF:) presents indicators to the market this Friday, after the close of trading.
At 9:12 am (Brasília time), it rose 0.40%, was up 0.31% and registered an appreciation of 0.27%. It rose 0.11% and lost 0.18% to R$5.1334.
a reference in the United States, rose 0.68%, to US$79.80, and recorded gains of 0.56%, to US$84.35.
Vale’s (NYSE:) ADRs were up 0.88% in the pre-opening, at US$12.68, and those of Petrobras (NYSE:) gained 0.17%, at US$17.26.
News of the day
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International purchases — International online purchases represent 6.4% of e-commerce sales and 0.5% of Brazilian retail movement, according to a study by Alibaba Group (NYSE:), owner of AliExpress, as reported by Folha de São Paulo.
Aid to RS — The federal government announced resources totaling R$50.9 billion in measures for Rio Grande do Sul, after heavy rains caused damage and deaths in the state.
Payroll relief — The Minister of Finance, Fernando Haddad, announced an agreement to maintain payroll relief this year, subsequently reducing the benefit gradually.
Agenda of the day
Roberto Campos Neto — Participates in the Governors Meeting of the Center for Monetary Studies of Latin America (CEMLA), in Madrid, Spain.
Luiz Inácio Lula da Silva — Ceremony to hand over 914 housing units at Residencial Parque da Lagoa, Minha Casa, Minha Vida. Departure for Teixeira de Freitas (BA). Inauguration of the Costa das Baleias State Hospital and the new building of the Pedagogical Center on the Paulo Freire campus of the Federal University of Southern Bahia (UFSB).
Fernando Haddad — Meetings with Alexandre Lowenkron, President of Banco BOCOM BBM, with Ilan Goldfajn, President of the Inter-American Development Bank (IDB). Launch and Autograph Session of the Book Entre Franciscos by Gabriel Chalita.
Corporate News
Eletrobras (BVMF:) — Another round of negotiations between the company and the Coletivo Nacional dos Electricários (CNE) ends without a decision, reported Estadão.
Magazine Luiza (BVMF:) — Magalu had a net profit of R$27.9 million in the first quarter, reversing a loss of R$391.2 million recorded a year earlier.
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B3 (BVMF:) — The company reported recurring net profit of R$1.1 billion, a drop of 7.1% compared to the same period in 2023.
Fleury (BVMF:) — The diagnostic medicine company posted a net profit of R$168 million between January and March, an increase of 79% over the first quarter of last year.
BR Partners (BVMF:) — Net profit totaled R$49.5 million, an increase of 49% compared to 1Q23.
MPM Corporeals (Espaçolaser) (BVMF:) — The company reported adjusted net profit of R$13.2 million between January and March, a gain of 21.3% compared to the same period of the previous year.
Suzano (BVMF:) — Suzano’s net profit totaled R$220 million in the first three months of the year, a drop of 96% compared to the same period last year.
CPFL (BVMF:) — The energy company had a profit of R$1.75 billion in the first quarter, an increase of 6.3% in the annual variation.
Rumo (BVMF:) — Net profit totaled R$368 million, an annual increase of 418% compared to the same period in the previous year.
Cyrela (BVMF:) — The construction company posted a net profit of R$267 million in the three months ended in March, an increase of 63% in the annual comparison.
CSN (BVMF:) — The net loss of R$479.7 million in the first quarter represents a decrease of 41.7% in relation to the negative net result recorded a year earlier.
Petz (BVMF:) — The pet retail chain saw its profit fall by 64.1% to R$6.9 million.
Allos (BVMF:)— The shopping center operator recorded a net profit of R$91.1 million in the first quarter of this year.
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Sabesp (BVMF:) — The sanitation company recorded a 10.2% gain in net profit for the first quarter on an annual basis, reaching R$823 million.
C&A Modas (BVMF:) — Profit reached R$70.9 in the first three months of the year, reversing a loss of R$126.3 million in the same period of 2023.
Localiza (BVMF:) — Localiza announced a consolidated net profit of R$733.5 million in the first quarter, an annual increase of 40.6%.
Caixa Seguridade (BVMF:) — The insurer recorded recurring net profit of R$924.3 million between January and March, an increase of 12.7% compared to the first quarter of last year.
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