The market digests the information without many surprises of the maintenance of interest rates in the country, while awaiting new releases of quarterly balance sheets. In the United States, the Gross Domestic Product (GDP) for the third quarter of 2022 rose 2.6%, according to data released on Thursday, 27. In the euro zone, the European Central Bank has just raised the rate to 2%, a continuity of the contractionary monetary policy in the face of inflationary pressures.

On the domestic scene, on Wednesday night, the Monetary Policy Committee (Copom) defined that the basic interest rate of the Brazilian economy, Selic, remains at 13.75%.

The proximity of the second round of elections, which will take place on Sunday, is also a point of attention and brings volatility to the markets.

At 9:42 am, after the release of the data, the futures of the Nasdaq 100 fell 0.17%, while the S&P 500 rose 0.40% and the Dow Jones appreciated 1.10%.

In Brazil, Ibovespa futures were up 0.22% and the dollar retreated 0.82% to R$5.3362.

News of the day

Unemployment Rate – The unemployment rate in the Brazilian economy was 8.7% in the mobile quarter from July to September 2022, a 0.6 percentage point (p.p.) decrease in relation to the quarter from April to June 2022, when it reached 9.3% and 3.9 p.p. in relation to the same period in 2021, when it was 12.6%. The data are from the Continuous National Household Sample Survey (PNAD) of the Brazilian Institute of Geography and Statistics (IBGE), released on Thursday, June 27.

Elections and the spending cap – A few days before the second round of elections, the perspectives for the economy and for the control of public finances come into focus. Both Jair Bolsonaro’s (PL) and former president Luiz Inácio Lula da Silva’s (PT) government programs foresee changes in the spending cap, according to a Valor Econômico survey.

Corporate News

Ambev (BVMF:ABEV3) – The company reported net income of R$3.215 billion in the third quarter of 2022, a retreat of 13.4% compared to the same period of 2022. Adjusted Ebitda was R$5.6 billion, up 2.4% in the same comparison.

Klabin (BVMF:KLBN11) – Presented net income of R$ 2.053 billion in the third quarter of 2022, an increase of 69% compared with the same period last year. In relation to the second quarter, the profit was 111% higher.

EDP (BVMF:ENBR3) Brasil – Reported net income of R$ 514.4 million in the third quarter of this year, up 0.8% compared to the same period last year.

Auren Energia – The renewable energy company reported net income of R$230.1 million, a 29.6% drop year-on-year.

Dexco – The manufacturer of sanitary ware and metals, ceramic floor and wall tiles, wood and cellulose parts had a net income of R$ 154.148 million in the third quarter of 2022, a decrease of 39.6% compared to the same period of 2021.

Kepler Weber (BVMF:KEPL3) – The company reported a net income of R$115.6 million in 3Q22, an increase of 181.3% compared to 3Q21 and 92% compared to 2Q22.

Odontoprev (BVMF:ODPV3) – The dental plan operator reported a 1.7% drop in net income in 3Q22 compared to the same period in 2021. The indicator reached R$96.188 million, against R$97.803 million in the same three months last year. In 2Q22, it had reached R$99.573 – in this comparison, the drop was 3.4%.

Log (BVMF:LOGG3) – The logistics company reported net income of R$111.750 million in the third quarter of this year, an increase of 18% compared with the same period last year, when it reported R$94.698 million.

Vale (BVMF:VALE3) – Moody’s reaffirmed the Baa3 rating, with stable outlook, reflecting the strong business profile and the ability to resume operations under stricter risk and safety controls, after the Brumadinho disaster.

Nubank (BVMF:NUBR33) – Ended Q3 2022 with over R$106 billion of assets under custody in Brazil, a 52% year-over-year high.

Enauta (BVMF:ENAT3) – Announced on Wednesday the production stoppage at well 7-ATL-3H-RJS in the Atlanta Field. According to the company, the decision is due to operational issues. The shutdown was originally scheduled for January 2023, but was anticipated.

Suzano (BVMF:SUZB3) – Has agreed on a price of US$175 million for the acquisition of Kimberly-Clark’s (NYSE:KMB) tissue paper assets in Brazil.

Assaí (BVMF:ASAI3) – Announced that the Casino Group, its controlling shareholder, has started studies for a possible partial sale of its stake in the company, in amounts of around US$500 million.