The Ibovespa starts the week with gains, recording a 1% increase, to 65,322 points at 10:26 (GMT) and the resumption of 65,000 points after three sessions. The benchmark Bovespa index, which includes the schedule from 10h to 17h, following the good mood and external monitors of the positive session for iron ore, with the product marketed in Qingdao with 1.78% profit, US $ 88 26 tonnes, while Dalian recorded more significant gains of 4.26%.
Profits are for commodities with favorable scenario in China. The director of the Center for Development Research of the State Council, Li Wei, said at the weekend that the world’s second largest economy is on a more stable basis. Li said on Sunday that the risk of a sharp drop in China’s economy shrank. Fears of further monetary tightening in China also fell later, a government official said on Sunday that debt risk for China’s major state-owned enterprises is controllable.
Attention also to Central Bank’s Focus Bulletin: Market economists surveyed by the Central Bank revised downwards its forecasts for the main economic indicators in 2017, the expectations of the experts consulted weekly by the monetary authority with GDP (domestic product Gross) declined from 0.49% to 0.48%, while official inflation estimates measured by the IPCA (General Consumer Price Index) declined from 4.36% to 4.19%, and Expected interest rate for the end of the year yielded 9.25% to 9.00%.
According to the survey, projections for GDP 2018 increased from 2.39% to 2.40%, while the expected Selic rate for the end of the year dropped from 9.00% to 8.75%. The estimate for the HICP remained at 4.50%. Already the expected exchange rate for late 2017 remained at $ 3.30, and reference at the end of 2018 also remained unchanged at $ 3.40. In the top5 short-term survey, the median estimate of the Selic rate at the end of 2017 was reduced from 9.25% w / ara to 9.00% and increased from 8.50% to 8.75% in 2018. Of these opinions, and also after the Credit Suisse inflation point below the target in 2017, the fall in contracts in the future record in this session. The contract with maturity in January 2021 is reduced by 0.05 percentage points, to 9.95%, while the shortest contract due in January 2018, has dropped by 0.04 percentage points to 10.04%.
The Dollar, on the other hand, recorded a day of gains, with the futures contract expiring in April of 0.59%, to R $ 3,178, while the commercial dollar rose 0.54% to R $ 3 1605 for sale. The market is targeting the FOMC (Federal Open Market Committee) meeting, with Fed leaders already almost pinned a high interest in next Wednesday (15).
In the midst of the sharp rise in iron ore, one of the highlights of the index’s earnings is with Valle shares, with the paper on profit records at around 4%. Petrobras , in turn, varies slightly with the PN shares and the slightly more positioned, also looking at the sixth session followed by the drop of oil and after the news that TCU can Delay the sale of BR Distribuidora in 18 months.
The Cemig , rises sharply after the Reuters report citing a source that state mining plans to sell a majority stake in two units and lists them in Sao Paulo and New York in the coming months, measure Which could help the third largest energy services company in Brazil to reduce debt and reduce the weight of government decisions in the company.
Among the highlights of the center is WEG, who see their papers fall about 1% after recommendation to neutral downgraded by Goldman Sachs.
Take a look at the highlights of Bovespa shares in this session
Petrobras (PETR3, US $ 14.90, + 0.74%, PETR4, US $ 14.36, + 0.35%)
Petrobras shares “ignore” the negative oil day and news about the delay in the sale of BR Distribuidora and operate higher in the session. At the moment, the WTI oil contract fell 0.54% to US $ 48.23 a barrel, while the Brent fell 0.37%, to US $ 51.18 a barrel. The merchandise was retired after falling below $ 50.00 following active drilling in the United States, which contains the cut-off effects of OPEC (Organization of Petroleum Exporting Countries) production.
According to information from the column of Ancelmo Gois, newspaper O Globo, TCU can delay the sale of BR Distribuidora to 18 months, depending on the recommended asset sales model. The process that deals with divestments of assets and companies of the Petrobras System was not included in the agenda of the March 8 TCU Session. There is no new date set for the inclusion of the theme in the program. In addition, stocks should respond to the sixth consecutive drop in oil prices in international markets.
Vale (ALE3, US $ V30.78, + 3.81%, VALE5, US $ 29.21, + 3.62%)
Vale’s shares soar 4% this morning, following the rise of iron ore in China. Today, iron ore traded in Qingdao port, China, closed at 1.78% appreciation of the US. $ 88.26 per ton. Following the documents of Bradespar (BRAP4, US $ 22.61, + 3.48%) – Gerdau (GGBR4, US $ 12.16, + 2.10%), Gerdau (GOAU4, R $ 5.99, + 2.22%), CSN (CSNA3, US $ 10.92, + 1.39%) and Usiminas (USIM5, US $ 4.76, 2.16%).
Cemig (CMIG4, US $ 11.59, + 5.84%)
Cemig plans to sell a majority stake in two units and list them in Sao Paulo and New York in the coming months, a move that could help Brazil’s third largest utility company to reduce debt and reduce the weight of government decisions in Company said one person with direct knowledge of the plan on Sunday to Reuters.
Market analysts see the transaction as positive for the mining state, as if the process continues, Cemig must raise funds to reduce its debt, which is in the order of R $ 13.7 million, in addition to find out in constant relicitation of plants Which represent 40% of the company’s power generation. According to Valor Econômico newspaper, Cemig plans to raise US $ 6 million from the sale of majority control of four hydropower plants to private investors.
The state of Minas Gerais, which owns 17 percent of the concessionaire’s capital and controls its management, will be released next month’s plan, once it met some legal and operational requirements, said the source, who requested The anonymity to talk freely about the plan. The subsidiaries, the power generation and transmission company Cemig GT and Cemig D energy distribution company are the exclusive property of Cemig, as the company is commonly known.
Negotiations with potential partners, including an undisclosed Brazilian investment bank, an investment company in North America and an electric power company in Asia, are at an advanced stage, according to the source. As the Minas Gerais State adjusts the membership to participate in Cemig GT and Cemig D, both companies will be capitalized and their initial public offering will be launched, according to the source.
Cemig is considering the possibility of hiring two national investment banks and a foreigner to finance the IPO, which the company expects to raise around 4 million reais ($ 1.3 million), the person said. IPO earnings will be used to reduce Cemig’s 13.7 million reais debt, according to the source. The debt concessionaire has tripled in the last five years, following a wave of acquisitions and a decision by the Dilma Rousseff government to renegotiate power contracts with utilities in 2012. Cemig’s press office, Headquarters in the city of Belo Horizonte, refused to comment. The Minas Gerais governor’s office, Fernando Pimentel, also declined to comment.
Suzano (SUZB5, US $ 12.94, -0.15%)
Suzano shares have a slight fall, despite two good news for the company: the announcement of adjustment of pulp and high dollar prices against the real day. At this time, the commercial dollar registered a rise of 0.32%, to R $ 3.1535 on sale.
On the radar, Suzano announced Monday that the fourth increase in the list price of eucalyptus pulp marketed in China in 2017, to $ 660 per ton. According to the company, the new price.