O Ibovespa (IBOV) opened trading this Friday (3) on a high and rose 1.18%, to 128,622 points, at around 10:10 am.
The day before, the index had a strong jump, starting the month of May on the right foot. The stock exchange closed the session up 0.95%, at 127,122 points.
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Today, the market is keeping an eye on the repercussions of the release of the balance sheets for the first quarter of 2024 (1Q24), with disclosure of Gerdau (GGBR4), AES Brazil (AESB3) and others. Furthermore, on the international scene, data from the payroll should provide more information about interest rates in the United States.
O dollar had a slight drop against the real in the first deals this Friday, with investors waiting for important employment data from the U.S.
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5 topics that could affect the Ibovespa this Friday (3)
Payroll: Job creation in the US slows down and unemployment rate rises to 3.9%
The creation of vacancies work us U.S slowed more than expected in April and annual wage gains cooled, but it is probably too early to expect the Federal Reserve start cutting interest rates before September as the job market remains quite tight.
The North American economy opened 175,000 vacancies outside the agricultural sector last month, the Department of Labor in its employment report this Friday. March data was revised upwards, showing opening of 315,000 jobsinstead of 303,000 as reported previously.
Economists consulted by Reuters predicted 243,000 job openings, with estimates ranging from 150,000 to 280,000
Analyst Matheus Spiess, from Empiricus Researchassesses that, with the data showing a slowdown, the possibility of reductions in interest rates in 2024, specifically in September and December, could be more palpable.
Petrobras (PETR4) updates the value of extraordinary dividends
A Petrobras (PETR4) updated the value related to extraordinary dividends referring to the balance sheet of December 31, 2023 according to the Selic rate, shows a relevant fact from Thursday (02).
The updated value corresponds to R$ 1.75997704 per common and preferred share, being R$ 0.87998852 per installment.
Payment will be made on two dates — May 20th and June 20th. The earnings cutoff date was yesterday and Petrobras shares will be traded ex-rights on B3 and the NYSE from today (03).
The proceeds were approved at the General Meeting held on the last Thursday (25th) of April. The total payment of R$36 billion in complementary dividends was announced, of which R$22 billion was extraordinary.
Gerdau (GGBR4): Adjusted net profit shrinks 48% in 1Q24
A Gerdau (GGBR4) closed the first quarter of 2024 with adjusted net profit of R$1.2 billion, a drop of 48.2% compared to the same period last year.
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Despite the drop, the number was in line with what was expected by the consensus gathered by Bloomberg, which expected a profit of R$1.1 billion.
Analyst Fernando Siqueira, from Guide Investmentspoints out the numbers as marginally positive, considering that they were slightly higher than expected and showed improvement compared to the fourth quarter of 2023.
“We still view the sector with caution due to the excess supply of steel in the world. However, we believe that this negative scenario is already well priced into the shares and we expect a positive reaction in today’s trading session”, he assesses.
AES Brasil (AESB3) reverses profit, closes 1Q24 at a loss and frustrates expectations
A AES Brazil (AESB3) ended the first quarter of 2024 with a loss of R$102 million, compared to a profit of R$60.4 million in the same period last year.
The market, however, expected profit. The Bloomberg consensus pointed to a positive number of R$38 million.
São Paulo Chamber approves Sabesp privatization project (SBSP3)
A São Paulo City Council approved the project that authorizes the capital of São Paulo to join the privatization from the Sabesp (SBSP3).
The text authorizes the capital to close a new contract with Sabesp for the provision of services water supply and sewage treatment in the city. The new concession makes it easier to make the privatization of the state-owned company viable.
According to the president of the Chamber, councilor Milton Leite, the expectation is that, with the change in control of Sabesp, the company will provide a quality service to the population.
“May the regulatory agency fulfill its role and may the city of São Paulo always charge in this new phase”, he said.
It is worth remembering that the sale of the company has already been approved by the Legislative Assembly of the State of São Paulo (Alesp) at the end of 2023, with the state government — which holds 50.3% of actions — wants to hold the auction later this year.
*With information from Reuters
Source: Moneytimes