The Ibovespa today (18) is trading up 0.78%, at 114,515 points.

The highlight this Tuesday was the General Price Index – 10 (IGP-10), which fell 1.04% in October, compared to a drop of 0.90% in September and a projection of a retreat of 1.02%.

The index has accumulated a 6.33% hike this year and 7.44% over the last 12 months. By comparison, in October 2021, the IGP-10 dropped 0.31% and accumulated a 22.53% rise over 12 months.

The IPC-Fipe, which measures inflation in the city of São Paulo, rose 0.33% in the second reading in October, against 0.22% last week.

In the corporate field, the highlights were Natura (NTCO3) and Vale (VALE3). The former announced a study for an IPO or spin-off of Aesop.

Vale announced that the production of iron ore grew 21% in the third quarter of the year, compared to the same period last year. The production was 89.7 million tons.
The third quarter earnings season starts today with Sequoia (SEQL3).

In general, what we will see this season is a “transition season”, assesses Luís Fernando Moran, head of EQI Research. According to him, the environment in Brazil is improving, but possibly not enough time to completely impact the companies on the stock exchange. The inflation goes back, but without necessarily impacting the companies’ costs.

The Ibovespa closed Monday (17) up 1.38%, at 113,623 points. During the day, the index varied between 112,090 and 114,406 points. The financial volume registered was R$ 27.9 billion.

Markets abroad

In the US, the focus continues to be on the balance sheet season, with Johnson & Johnson posting net income of $4.458 billion. Goldman Sachs had net income of US$3.07 billion. Netflix releases its balance sheet after the market closes.

Oil retreats on prospects of lower fuel demand by China. The country was to release today a series of activity indicators, among them the GDP, which was postponed without any justification. The market is already predicting poor results. The country’s leaders continue with the 20th Communist Party Congress.

In the UK, Prime Minister Liz Truss has backed off her tax plan.
New York Markets
Dow Jones: +0.95%
S&P: +1.00%
Nasdaq: +0.93%
European Markets
DAX, Germany: +0.93%
FTSE, United Kingdom: +0.25%
CAC, France: +0.44%
FTSE MIB, Italy: +0.93%
Stoxx 600: +0.44%
Asia Markets
Nikkei, Japan: +1.42%
Shanghai, China: -0.13%
HSI, Hong Kong: +1.82%
Kospi, Korea: +1.36%
ASX 200, Australia: +1.72%
Brent (December 2021): US$89.08 (-2.77%)
WTI (November 2021): US$ 82.10 (-3.91%)
Gold futures (December 2021): US$ 1,654.30 (-0.58%)
Iron ore
Dalian Exchange: us$ 95.48 (-0.36%)