INSUBCONTINENT EXCLUSIVE:
As we begin trading on Monday, October 28, 2024, investors are closely monitoring a mix of domestic and international economic indicators
insights into market expectations for key economic indicators such as inflation, GDP growth, exchange rates, and interest rates.This weekly
unemployment rate figures
Financial Morning Call for October 28, 2024
Despite the overall decline, the index was cushioned by the strong performance of Vale (VALE3), which helped limit the losses.Over the week,
Brazilian real weakened against the United States dollar, which ended the session trading at R$5.7051, an increase of 0.75%
Over the week, the dollar saw a slight increase of 0.11% against the real.The appreciation of the dollar suggests increased demand for the
United States currency amid fiscal concerns and global uncertainties.Domestic FactorsInvestors closely monitored corporate earnings reports
Renato Gomes, director at the Central Bank, highlighted market-alarming factors.These included increased deficit forecasts for state-owned
Doubts about meeting the zero-deficit target for 2025 also worried investors
They might also affect capital inflows into the country.Corporate HighlightsUsiminas (USIM5) rebounded strongly after reporting robust
third-quarter results, sparking market optimism
sector.BlackRock has set its sights on expanding in the Brazilian market under new leadership
investors.Brazilian beer brand Itaipava is shaking up the billion-dollar canned cocktail market, diversifying its product offerings and
tapping into new consumer trends
This strategic move could position the company for increased market share and revenue growth.Petrobras tops dividend returns this year,
leading the list of top 10 companies in dividend payouts
money than gold ETFs in their first year, indicating a shift in investor preferences toward digital assets
This development could influence financial markets and investment strategies in Brazil and globally.International InfluenceIn the United
States, markets ended mixed on Friday
The Dow Jones Industrial Average closed lower for the fifth straight day, losing 0.6%, while the S-P 500 was down fractionally.Both indexes
snapped their streaks of six consecutive weekly gains
The Nasdaq Composite finished 0.6% higher after touching a record high, boosted by strong performances from large-cap technology
stocks.Investors are preparing for a significant week of economic data and earnings reports, which could influence global market sentiment
and impact emerging markets like Brazil.Commodity MarketsOil pricessurged amidst Middle East tensions and global uncertainties
Higher oil prices can benefit energy companies like Petrobras (PETR4; PETR3) but may also contribute to inflationary pressures.Gold shined
as the precious metal ended the week on a high note, reflecting investor demand for safe-haven assets amid geopolitical tensions and market
Focus Report, which will provide insights into domestic economic expectations and could influence monetary policy decisions
Commodity price fluctuations and geopolitical tensions continue to pose risks that could impact market dynamics.Investors are advised to
monitor both domestic fiscal developments and international economic indicators closely, adjusting their portfolios to navigate potential
