The global concern with the omicron variant is the main theme of the market opening reports this Monday (20).
THE Future Ibovespa it dropped 1.6% in the morning, while in the United States the drop was 1.6% and in Europe the retreat was 2.1%.
XP: Risk of Ômicron acceleration
A XP Investments highlights that Germany, Ireland and Austria announced new restrictions on the movement of air passengers and the Netherlands officially went into lockdown until mid-January.
The brokerage recalls that the health adviser to the President of the United States, Anthony Fauci, said that the blockades are not necessary in the country, but hospitals could be overwhelmed.
Land: Low in forecasts
Terra Investimentos emphasizes that the Goldman Sachs cut US growth forecasts after changes to the economic agenda Biden had promised when he was elected to boost the US economy.
“In addition, Senator Joe Manchin said he would not vote on Biden’s roughly $2 trillion tax and expense package,” says the brokerage.
Commcor: Persistent Inflation
Commcor comments that, “adding even more aversion to risky assets, persistent inflation has worried the main central banks that have directed their decisions towards the contractionary sphere”.
“The removal of the term ‘transitory’ and the acceleration of tapering in the United States, the Copom Minutes showing a more hawkish positioning of managers and, in Europe, decisions also in favor of monetary tightening put variable income assets in a situation of less attractiveness and may partially explain the movement of caution seen today”.
Rich: Budget approved?
A Rico says that, after the end of the “Novel of the PEC dos Precatórios”, with the approval last week, and a certain reduction in the country’s fiscal risk perception, Congress is turning to the approval of the Budget for next year.
“There are still pressures to increase spending, especially adjustments to civil servants, but the approval of the PEC at least limited the level of ‘surprises’ that we can expect from these discussions – since it has put a limit on how much we can spend in the year that comes”, he comments.
“It is worth remembering that, without the approved budget, the government can only spend a small fraction of the proposed budget for the year. In other words, spending is limited for everyone (parliamentary and government)”.
Great: New projection
Genial Investimentos highlights that, with the result of the services sector and the IBC-Br last week, all data for October showed a decline in comparison with the previous month (with seasonal adjustment) and came in below market expectations.
” The negative results of October imply a negative statistical carry for the 4th quarter of -0.86%. In other words, if economic activity does not advance in November and December, the GDP contraction in the last quarter would be of this magnitude”
Genial now projects GDP at 4.5% (compared to 5.0%) in 2021, IPCA at 10.5% (compared to 10.1%), exchange rate at R$5.60 (compared with R$5.40) . For 2022, the brokerage maintained GDP at 0.6%, IPCA at 5.30% and reduced expectations for the Selic rate from 12% to 11.75%.
Source From: Moneytimes
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