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Shares of the state-owned company fall more than 6%.
Ibovespa ended the session on Monday (2) with a significant devaluation of 3.06%, at 106,376.02 points, with Petrobras shares (PETR3 and PETR4) – one of the largest components of the indicator – falling 6.67% and 6.45%, respectively.
The market reflected on the appointment of Jean Paul Prates as president of the company, after he was willing to change the state-owned company's pricing policy, which was signaled as political intervention in the company.
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Fernando Haddad took office as Finance Minister and stated that he was willing to approve a new fiscal framework in the first half of the year. In yet another attempt to calm economic agents, he committed to fiscal sustainability and keeping public debt at a low level.
For the minister, in addition to working towards the recovery of public accounts, it will be necessary to combat inflation and ensure that the country grows again with sustainability, responsibility and, above all, with social priority, generating “jobs, opportunities, income, decent wages , food on the worker’s table and fairer prices.” He pointed out that tax reform will be one of his priorities, as it allows the business environment to become more efficient.
Analysts saw the extension of fuel tax exemptions as Haddad's first defeat, as the minister even said that they would not be renewed. However, this morning, a provisional measure (MP) was published extending the action for another 60 days.
Brazil exported US$ 62.31 billion more than it imported in 2022 – the largest surplus since the beginning of the historical series in 1989. The value represents growth of 1.5% in relation to the previous record of US$ 61.407 billion recorded in 2021, according to informed by the Secretariat of Foreign Trade by the Ministry of Development, Industry, Commerce and Services.
Today (3), S&P Global will release the United States Industrial Purchasing Managers Index (PMI).
Covid-19 in China and the war in Eastern Europe remain in focus.
Source: From thetagro
