Today, 21, investors await with expectation the result of this “Super Wednesday”, with the Monetary Policy Committee (Copom) and the Federal Reserve in the United States releasing in the afternoon their decisions about interest rates in both countries.
The expectation is that the Selic rate will remain at 13.75% a year, although the possibility of a slight increase of 0.25 p.p. is not completely ruled out. In the US, the Fed is expected to raise interest rates by 0.75 p.p. for the third time in a row and signal how much more and how fast borrowing costs may have to rise to tame a potentially corrosive inflationary surge.
At 09:20, Ibovespa futures were down 0.10% and the dollar advanced 0.04% to R$5.1437.
In the US, Nasdaq 100 futures were up 0.19%, while the S&P 500 and Dow Jones gained 0.39% and 0.40%, respectively.
On Wednesday, candidate Lula (PT) is expected to meet with the chargé d’affaires of the US embassy in Brazil, Douglas Koneff, who serves as acting ambassador to Brazil. Although the American embassy claims that it is also meeting with the main presidential candidates, a visit by current President Jair Bolsonaro (PL) is not expected until then, which may indicate the possibility of a change of governments in the country.
Two weeks before the first round of the elections, the new Ipec survey shows victory for former president Lula, with 52% of the valid votes, while Bolsonaro would have 34%. In an eventual second round of voting, the candidate of the Workers Party would also guarantee a victory over the current president, with an advantage of 19 points.
The Genial/Quest survey also showed that the difference between the two main candidates grew again, with Lula receiving 44% of the voting intentions and Bolsonaro, with 34%. On Twitter, Felipe Nunes, director of Quest, said that the increase in Auxílio Brasil and the support of evangelical leaders did not have the expected results for Bolsonaro’s campaign.
Nunes also affirms that the economy is one of the main obstacles for Bolsonaro to advance in the polls, since despite the improvement of economic data in the last two months, 45% of the population considers that the situation has worsened, and 75% say that food prices have not fallen. In addition, 59% of those interviewed believe that the economic measures adopted by Bolsonaro in recent times are a political move to get re-elected.
News of the day
UN – President Jair Bolsonaro (PL), who is seeking reelection, used a campaign tone in much of his speech at the opening of the United Nations General Assembly on Tuesday, extolling good economic data and achievements of his government, and attacking the former president and election favorite, Luiz Inácio Lula da Silva (PT).
Bolsonaro only left the candidate costume in his 20-minute speech when he defended the immediate ceasefire in the Ukraine war, and advocated UN reform as essential to find world peace.
Inflation – The change in the fiscal framework already indicated by both Luiz Inácio Lula da Silva (PT) and Jair Bolsonaro (PL) may put in check the compliance with inflation targets in the coming years. With the prospect of a less austere anchor and higher global inflation, economists interviewed by Estadão/Broadcast evaluate that the viability of a 3% target is now uncertain, even in the long term.
Aneel – Energy consumers in the Northeast and North of the country may have some relief in their electricity bills with the new rules for calculating tariffs for the use of transmission and distribution systems approved by Aneel. The new methodology intensifies the use of the so-called “locational signal”, which means that all dimensions of grid use will be considered, such as the distance from the power plant to the consumer, and not just the volume of energy.
PPI – The Council of the Investment Partnership Program (CPPI) approved the resolutions to qualify Companhia Docas do Rio de Janeiro (CDRJ) and Companhia Docas do Pará (CDP) for privatization.
War in Ukraine – Russian President Vladimir Putin on Wednesday called for 300,000 reservists to fight in Ukraine and said Moscow would respond with the might of its entire vast arsenal if the West promotes what he called “nuclear blackmail” over the conflict. It was the first such mobilization by Russia since World War II and signifies a major escalation of the war, now in its seventh month. It came after recent setbacks for Russian forces, which were driven out of areas they had captured in northeastern Ukraine in a Ukrainian counter-offensive this month and find themselves bogged down in the south.
Agenda of the day
Jair Bolsonaro – Arrival in Brasília/DF.
Paulo Guedes – Attends the opening ceremony of the 30th Congress & ExpoFenabrave; Internal dispatch; Meeting with the head of Milken Family Offices, Josh Lobel.
Campos Neto – Meeting with Minister Bruno Dantas, Vice-President, acting as President, of the Federal Audit Court (TCU); Participates in the second session of the Copom Meeting
Corporate News
Romi (BVMF:ROMI3) – Romi’s Board of Directors has approved the capital increase of the company through capitalization of its profit reserve. The company’s capital stock will increase from R$ 650,719,416.73 to R$ 784,417,182.29, with the issuance of 7,333,392 new shares at R$ 18.23. Holders of shares will be bonus stocked with one new share for every 10 shares held by September 30. The bonus shares will be credited to shareholders’ positions on October 4. Any remaining shares resulting from fractional shares will be sold on the B3 (BVMF:B3SA3) and the net proceeds will be made available to holders of any fractional shares.
Ambipar (BVMF:AMBP3) – Ambipar announced to the market on Tuesday, 20, the acquisition of the controlling interest in Blz Recicla, a leader in the segment that operates with the collection, transportation and valorization of reused glass bottles for the beverage industry and has three operational units in the State of São Paulo. The company now becomes Ambipar Environmental and in the last 12 months it had revenues of R$ 98 million and Ebitda of R$ 19 million. The Enterprise Value evaluated was R$68 million.
Weg (BVMF:WEGE3) – Weg approved the distribution of interest on equity (IOE) in the total gross amount of R$ 185,118,326.49, corresponding to R$ 0.044117647 per share. After income tax retention, the net amount will be R$ 0.037500000 per share. The payment will be made on March 15, 2023, based on the shareholding composition on September 23.
Cemig (BVMF:CMIG4) – Cemig approved the distribution of interest on equity (IOE), in the total gross amount of R$471,529,000.00, equivalent to R$0.21428027494 per share. The payment will be made in two equal installments, on the dates until June 30, 2023 and December 30, 2023, based on the shareholding composition on September 23, 2022.
Petrobras (BVMF:PETR4) – Petrobras has reduced the intervals for lowering fuel prices and does not act according to the technical criteria proclaimed by its own management, according to a survey commissioned by the Federação Única dos Petroleiros (FUP) to the Departamento Intersindical de Estatística e Estudos Socioeconômicos (Dieese).
Rossi (BVMF:RSID3) – Rossi Residencial accumulates a total of R$ 1.666 billion in debts, of which R$ 1.232 billion are being treated as concurrent, that is, included in the judicial recovery request. Meanwhile, judge João de Oliveira Rodrigues Filho, from the 1st Court of Bankruptcy and Judicial Recovery of the São Paulo Court of Justice, suspended all actions or executions against Rossi Residencial for a period of 180 days. The decision was made in response to the petition for judicial reorganization filed by the company.
Enauta (BVMF:ENAT3) – Enauta informed that the three wells of Atlanta Field are operational, in a stabilization process. Last week, the company had reported the resumption of activities in one of the wells of the field, after a preventive interruption performed at the end of August.
Getnet (BVMF:GETT11) – Following the resignation of Fernanda Carnio Papini from the position of Commercial Vice President, Getnet (BVMF:GETT11) announced that the position will be taken by Luciano Ferrari, who had been acting as Vice-President of Investor Relations. Ferrari’s position will be taken by André Parize, who will accumulate the new position with the current one of Vice-President of Finance.