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Economic indicators

Even after intervention of BC, dollar rises and remains at R$ 2.38

01/06/2014

This article was translated by an automatic translation system, and was therefore not reviewed by people.

 

 

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SAO PAULO - After a lull in last Friday , when it depreciated 0.71 % , the U.S. dollar resumed its uptrend on Monday against the real. The currency started the session recovery, at R $ 2.38 , after reaching R $ 2.41 on Thursday , its highest level in four months . At 10:50 , the dollar rose 0.46 % trading at R $ 2.383 in purchasing and R $ 2.384 on sale.

In the high of the day , the currency was R $ 2.387 (up 0.54 %) and minimum was traded at R $ 2.375 ( 0.04 % gain ) . The motto of the United States following motion recovery also recorded abroad in relation to major currencies linked to commodities , due to the decrease of indices of activity in the service sector in China , the euro zone and Germany .

The dollar rises here even after the Central Bank intervention in the foreign exchange market by selling foreign exchange swap contracts , an operation equivalent to a supply of money in the futures market . 4000 contracts , equivalent to U.S. $ 199.1 million were sold .

For expert exchange and brokerage partner NGO , Sydney Nehme , during the first quarter of 2014 , especially in the end, the dollar could reach the price of $ 2.50, and close the year 2014 at R $ 2 , 60 , with plenty of volatility along the way. He points out that the reduction of stimulus to the economy in the U.S. , which will continue this year , cause outflows that will direct the other most attractive markets , especially in the U.S. .

" With the U.S. economy regaining pace , it starts to attract capital that are allocated worldwide , especially in emerging countries," says Nehme , in a report released on Monday.

He recalls that despite the emphatic speech of the government ensuring that the country has the capacity to face and output resources of the country , in practice the Fed acted and has acted with the growing perception that the country will have adverse times for your external sector .

- Brazil has an unfavorable macroeconomic reality to attract external resources . Among the negative factors are low economic growth, deteriorating fiscal policy ; heated inflation and in real terms , considering the prices, is beyond the 8 % in the year and is threatened to rise further in 2014 by the high price of dollar and the necessary decompression administered prices scontidos in 2013 . These factors keep the prospect that the country may suffer loss "rating " by the specialized agencies this year . And the trade balance ended the year wistfully virtually zero result. Accounted for, there was a surplus of $ 2.561 billion - evaluates Nehme .

Dow starts the week in fall

In the stock market , the Bovespa , the main index of the São Paulo Stock Exchange , started trading this second low and 11h03m devalued 0.73 % to 50,607 points . The index is also influenced by weak economic indicators in China and Europe , analysts said.

Today , the new theoretical index portfolio , which runs through May, with the inclusion of the common shares of BB Security ON, with participation of 1.559% , EcoRodovias ON ( 0.408 % ) , Estacio ON ( 0.708 % ) , entered into force Even ON ( 0.338 % ) , Qualicorp oN ( 0.488 % ) and Tractebel oN, weighing 0.655 % .

The preferred shares of Petrobras have the highest weight in the Bovespa index , with the participation of 8,119 % , while the PNA Vale papers have 7,995 % . Itaú Unibanco PN appears in third place with 6,544 % , followed by Bradesco PN , with 5,325 % , and Petrobras ON , weighing 3,960 % . In sixth place is AmBev , with 3,813 % , followed by Vale ON , with 3,784 % and Itaúsa PN , weighing 2,721 % .

Most high index is presented for the common shares of Qualicorp newcomer , with a gain of 1.92 % to R $ 22.24 , followed by ordinary papers Particpações Estacio , with a gain of 1.07 % to R $ 19.84 . The biggest downfall is presented by the ordinary roles of ex - LLX , current Plummet Logistics , a decline of 12.31 % to R $ 1.14 .

Last Friday, expressive pepéis purchases of MMX and LLX did the former Bovespa index rise 1.27 % . On Monday , the Plumb Logistics , said it had no knowledge of any new fact that may have caused the unusual variation of its shares on the trading session on Friday . The corporate business roles ended with a gain of 32.65% . The trading volume was R $ 34.8 million , more than three times the average of the previous six months , when stocks turned £ 10 million .

MMX , the mining entrepreneur Eike Batista , rose by 26.78 % on Friday . The company was removed from the Ibovespa index in the third previous index .

Telefonica denies talks to buy TIM

Telefónica issued a statement on Monday saying that is not participating in or have knowledge of negotiations between the major mobile operators in the country to acquire the assets of TIM Brazil . Last week , the Italian newspaper Il Sole 24 Ore reported that the Spanish group Telefónica was sewing a joint offer with Hi and America Movil , which owns the course , by taking charge of TIM Brazil . The actions of the operators fired ( with highs of up to 27 % ) on the Bovespa .

The negative Telefónica was published at the request of the regulatory agency of the Italian financial market ( Consob ) . In a statement , Telefónica said it had no specific contact with the alleged transaction related to Administrative Council for Economic Defense ( Cade ) .

Last Friday, Telecom Italia also issued notice denying having received an offer for its operations in Brazil and returned to say that the assets in the country are " strategic ." Today , the common shares of TIM retreating 3.20 % to U.S. $ 12.99, the second largest decline in the index , while the preferred roles of HI lost 2.68 % to R $ 4.00 , the third highest loss rate .

Service sector slows in China and the euro zone

In China , the purchasing managers' index ( PMI , its acronym in English ) of the service sector fell to 50.9 points in December , compared to 52.5 points in November , according to data from Markit Economics and HSBC . Readings above 50 indicate expansion of activity. The data for December are the lowest recorded since August 2011. In Germany, the same sector PMI fell to 53.5 points in December from 55.7 points in November . In the euro zone , the indicator measured by Markit Economics fell to 51 points in December, compared to 51.2 points in November .

In Asia , the major markets ended falling influenced by caution investors with the indicators set for the week. In China , the Hang Seng Index was down 0.58 % at 22,684 points , while the Shanghai Composite fell 1.80 % to 2,045 points . In Europe , the major stock exchanges are up. Dax , chief of the Frankfurt Stock Exchange index appreciates 0.21 % .

 

 

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