US futures fell after a week of strong outcomes, focusing on the direction of the Fed; preview of GDP in Brazil and other topics today

The New York index was buying and selling decrease, together with most Asian markets that closed on Monday, after the S&P 500 posted its largest weekly achieve in practically 5 months on lower-than-expected inflation knowledge.

Due to weak inflation knowledge, traders anticipate the Federal Reserve (US Central Bank) to shortly scale back its fee of financial tightening.

Meanwhile, the third quarter earnings season is underway, with a focus on retail. Tyson Foods reported outcomes on Monday earlier than the opening of buying and selling. Major retailers Walmart, Home Depot, Target, Lowe’s, Macy’s and Kohl’s are scheduled to difficulty credit this week.

Here, we present the IBC-Br, often called the preview of the Brazilian Gross Domestic Product (GDP), which might be launched for September at 9 am (Brazilian time).

View dwell market indicators

With a restricted quantity of factors on the agenda and a shorter week and the announcement of the Republican vacation subsequent Sunday (15), traders ought to comply with each step of the authorities’s transition workforce and Lula and the president-elect’s newest feedback on fiscal coverage.

The Minister of Housing, Ciro Nogueira, defended on Tuesday the approval of the Transition PEC to the Bolsa Família fund of R$600 and the adjustment of the minimal wage solely in 2023.

Ânima, Embraer, Nubank, Localiza, Dasa and Orizon finish the product season this Monday.

1. International Scholarship

United States

U.S. indexes have been decrease this morning on Monday, after strong positive factors final week, reflecting softer-than-expected inflation knowledge and traders trying to the direction of the Fed’s financial coverage.

Last week, the S&P 500 rose 5.9%, the Dow Jones rose 4.15% and the Nasdaq rose 8.1%. This was the largest weekly achieve for the S&P 500 since June and the Nasdaq since March.

In addition, the counting of votes for the mid-term elections in the nation (often called the midterms) has not but ended, however the victory for the President of the United States Joe Biden (and the time as a defeat for former President Donald Trump. ): Democrats retained management of the Senate after gaining greater than 50 seats.

But the Democrats might nonetheless lose management of the House of Representatives (just like the Chamber of Deputies in Brazil), however the polls on the night time of the elections indicated a attainable defeat for the get together in the homes that two.

There are 435 representatives in the US House, and to get a majority the get together should management at the least 218 seats.

Check the futures market efficiency:

  • Dow Jones Futures (USA), -0.18%
  • S&P 500 Futures (US), -0.29%
  • Nasdaq Futures (USA), -0.52%


Most Asian markets closed decrease, with the exception of the Hong Kong inventory market, which rose 1.70%, boosted by housing inventory.

Japan’s Nikkei fell 1.06%, weighed down by a 14% drop in heavyweight TenderBank after its Vision fund reported additional losses.

  • Shanghai SE (China), -0.13%
  • Nikkei (Japan), -1.06%
  • Hang Seng Index (Hong Kong), +1.70%
  • Kospi (South Korea), -0.34%


European markets have been barely greater, with traders assessing expectations for sooner inflation in the United States following contemporary inflation information there, and a warning from Federal Reserve member Christopher Waller.

He mentioned at a convention in Sydney on Sunday that the market might have been extra bullish on subsequent week’s inflation (CPI) report, including that policymakers nonetheless have a technique to go earlier than the inflation cycle deteriorates.

Based on the indicators, traders take into account the industrial exercise of September in the euro zone, which elevated 0.9% from August and 4.9% yearly. Refinitiv’s consensus signifies a rise of 0.3% in August and 3% on a year-over-year foundation.

  • FTSE 100 (UK), +0.49%
  • DAX (Germany), +0.45%
  • CAC 40 (France), +0.47%
  • FTSE MIB (Italy), +0.72%


Oil costs rose and income rose final Friday, suggesting the easing of restrictions associated to the combat in opposition to Covid in China, elevating hopes of a restoration in the demand for nationwide items.

Steel costs in China are on the rise, with traders paying extra consideration to the easing of restrictions in the nation.

  • WTI Oil, +0.37%, was at $89.29 a barrel
  • Brent crude, up 0.34% to $96.37 a barrel
  • Steel traded on the Dalian Exchange rose 1.94% to 710.50 yuan


  • Bitcoin, +1.13% to $16,687.02 (from 24 hours in the past)

2. Appendices

On the foundation of macroeconomic indicators, the financial exercise indicator of the Central Bank, the IBC-Br. Known as the Brazilian Gross Domestic Product (GDP) proxy, the index for September might be launched this Monday. Itaú predicts a 0.3% month-to-month advance.

According to the financial institution, in 12 months, the IBC-Br ought to decline, from 4.9% to 4.4%.

IBC-Br, inflation in Europe and stability sheets: what to anticipate till Friday

In Asia, the focus might be on China, with reviews on industrial manufacturing, commerce, employment and funding, all scheduled for this Monday.


8:25 am: Focus Bulletin

9 am: September IBC-Br

3pm: Weekly buying and selling stability


20:50: GDP


11pm: Unemployed pay

11pm: Industrial manufacturing

11pm: Shopping

3. Economic info

Ciro Nogueira talks about PEC Exchange

The Minister of the Interior, Ciro Nogueira, revealed a observe on Twitter on Sunday (13) in which he mentioned that Progressistas, the get together of which he’s the president, will assist the Transition PEC that’s deliberate by the elected authorities of Luiz. Inácio Lula da Silva (EN).

For Nogueira, the PEC should approve the widespread factors of the two candidates: R$600 in help and a important improve in the minimal wage in 2023.

“All the other topics associated to the new authorities’s agenda must be recognized first, together with its financial coverage. And will probably be mentioned with the proper of the new Congress”.

The financial system is already displaying indicators of slowing down

The financial slowdown in Brazil, anticipated by economists for the finish of this yr, has already began to occur for a while. Data from Itaú Unibanco present that exercise reached its peak in May, and since then, it has already decreased to 7.35%.

The respiratory illness confirmed first indicators in the items sector (its efficiency decreased by 8% in the interval) and then in the companies sector (it decreased by 7.3% in this time), in line with Itaú. The index relies on the spending of clients of the financial institution with credit score and debit playing cards, to seize the degree of every day actions in the nation.

4. Political info

Alckmin to announce the new names of the Transition Group’s technical groups

The vice-president-elect, Geraldo Alckmin, will announce this Monday (14), in São Paulo (SP), the new names of the members of the technical teams of the Transitional Cabinet. The Coordinator of the Cabinet, Alckmin will make the announcement at 3 pm, at Rua Armando Penteado, 382, ​​​​​​​​​Pacaembu.

Lula at COP27

President-elect Luiz Inácio Lula da Silva will go today (14) to the UN convention on local weather change (COP27) in Egypt, however official actions will start on Wednesday (16).

The program consists of a assembly with the governors of the Amazon Law, a speech at the UN and participation in a convention on indigenous peoples and local weather change. Lula will journey on a aircraft owned by businessman José Seripieri Junior, founder of Qualicorp and proprietor of Qsaúde.


Brazil recorded this Sunday (13) 3 deaths from covid-19 in the final 24 hours, 688,738 since the starting of the epidemic.

Because of this, the transferring common of deaths in the final 7 days is 45. Compared to the common of 14 days in the past, the distinction is -36%.

In complete, the nation recorded 1,140 new deaths of Covid-19 in 24 hours, finishing 34,955,820 recognized instances since the starting of the epidemic.

The stability interval ends with outcomes from Ânima, Embraer, Nubank, Localiza, Dasa and Orizon this Monday.

It elevated by 11.0% in October 2022 in comparison with October 2021, in comparison with an 18.1% improve in capability (ASKs) of Azul, ensuing in 77.2% occupancy, a lower of 4.9 proportion factors in comparison with . similar time in 2021.

Cosan’s (CSAN3) internet revenue reached R $265.5 million in the third quarter of 2022, down 50% from the similar interval in 2021. Compared to the second quarter of this yr , nonetheless, is a rise, as a result of the internet revenue has been adjusted. has been R$53.6 million from April to June.

Learn all about third quarter stability sheets

There was additionally an accounting loss of R $ 201.9 million in the third quarter, whereas at the similar time final yr Cosan recorded a revenue of R $ 3.265 billion. Regarding the second quarter of 2022, the threat elevated by 61%.

Cemig (CMIG4) reported a internet revenue of R$ 1.182 billion in the third quarter of 2022, a rise of 180.5% over the similar interval of the earlier yr. In the yr to 2022, the firm’s internet revenue will lower by 3.6% in the interval, which is R $ 2.687 billion.

Between July and September, earnings earlier than curiosity, taxes, depreciation and amortization (Ebitda) adjusted for the elimination of non-recurring objects elevated by 4.58% in comparison with similar time final yr, to R $ 1.535 billion.

(With Estadão, Reuters and Agência Brasil)

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