This Monday (1), global stock markets are signaling the start of November on the rise. Corporate earnings-backed balance sheets put supply chain problems and the energy crisis, which continues to put pressure on the company, in the background. inflation.
European stocks and US futures in the positive field. US Treasury Secretary Janet Yellen said the country’s economic recovery will continue, as well as announcing that President Joe Biden is still negotiating to approve economic infrastructure packages, which could help the economy recover.
In Asia, markets closed mixed with the announcement of the activity index pointing to another month of decline.
The Chinese Manufacturing Purchasing Managers’ Index (PMI) fell for the second consecutive month in October to 49.2, raising concerns about the growth momentum of the Chinese economy.
In Japan, stocks rose sharply after the Liberal Democratic Party headed by Prime Minister Fumio Kishida secured its absolute majority and boosted expectations over fiscal stimulus.
Investors are still waiting for the economic calendar, which is still loaded with central bank meetings in the US and UK this week. There will also be a release on Monday, 11 a.m., of the ISM manufacturing index for October in the US.
Wednesday, the third, was the highlight of the Fomc, the Federal Reserve’s decision, on interest rate, at 3 p.m. The US will also release important data, with data from the labor market, activity indicators and the manufacturing and services PMI. On Friday, German Industrial Production and Eurozone Retail Sales (both for September) will be released first thing in the morning.
As for commodities, oil fluctuates a lot, but is still rising, while iron ore is falling sharply on the Dalian Stock Exchange.
In Brazil, on the eve of the holiday, renewed concern about the possibility of a new strike by truck drivers, as well as interest in discussions about the proposal to amend the Constitution (PEC) for laboratories and the formalization of Auxílio Brasil, a social program that will replace Bolsa Família.
On the domestic docket, today we will have the Focus Bulletin, at 8:25 am, following the recent decision of the Central Bank’s Monetary Policy Committee (Copom) to raise it by 1.5 percentage points. Silish. The October manufacturing PMI will be released today as well at 10:00 am by Markit.
Also on Wednesday, we’ll have the minutes of Cobum’s last meeting. On Thursday, 4, the Brazilian Institute of Geography and Statistics (IBGE) released industrial production data for September. On the company’s agenda, after the holiday, the results of Cielo, Itaú, CSN Mineração, Pão de Açúcar, Magazine Luiza, Ultrapar and PetroRio are released.
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