The dollar opens this Friday (13), with investors paying attention to the developments in the vote on the fiscal package in the Senate and the release of new economic indicators in Brazil and abroad.
The repercussions of Brazilian inflation in October and the performance of technology stocks in the United States are also on the radar. Ibovespa, the main index on the Brazilian stock market, opens at 10am.
The market reflects the approval of the basic text of the fiscal package by the Senate. The proposal was approved on Thursday night (12), by 45 votes to 31. The government estimates that the measures could improve public accounts by up to R$60 billion in 2027. The vote, however, is not over yet: four points of the text will be analyzed. Afterwards, the project will go to the Chamber of Deputies.
Investors assess whether the measures will be sufficient to contain the growth of public spending and improve the debt trajectory. The concern is that an adjustment considered insufficient will maintain pressure on the dollar and interest rates.
The president of the Central Bank, Gabriel Galípolo, is also on investors' radar. He participates in a lecture at Barclays Day, in São Paulo. The market is following possible statements about inflation, interest rates and public accounts, after the strong rise in the dollar the day before.
In Brazil, the main indicator this Friday is the performance of retail trade. IBGE releases retail sales data for September at 9am. The survey helps to show the pace of family consumption and can indicate whether the Brazilian economy is losing strength.
In the US, attention is focused on producer inflation. The result of the October producer price index (PPI) could influence expectations about the next steps of the Federal Reserve (Fed), the American central bank, in relation to interest rates.
Technology stocks also remain on investors' radar. On Thursday, Nvidia shares fell 4.34%, to US$166, after Jensen Huang left the company's presidency, amid an investigation into suspected espionage. The market is following the developments of the change of command and its possible impacts on the company and the technology sector.
Microsoft is already facing a global outage that affects services such as Outlook, Teams and Copilot, with impacts on companies and public bodies in several countries. The company has not yet been able to resolve the flaw, but has ruled out the possibility of a cyber attack.
See below for more details on the day at the market.
Dollar
Accumulated for the week: +2.61%;
Accumulated for the month: +3.81%;
YTD: +2.97%.
Ibovespa
Accumulated for the week: +1.68%
Accumulated for the month: +2.03%;
Accumulated for the year: +6.33%.
Government proposals frustrate market expectations
The Senate approved, on Thursday night, by 45 votes to 31, the basic text of a package of federal government measures to control public spending and improve the country's accounts.
According to the Ministry of Planning, the proposal could have an impact of up to R$60 billion in 2027, with R$50 billion for meeting fiscal targets and R$10 billion to make room for new expenses, such as the University Nest Egg.
Among the main measures are:
The creation of stricter limits on the growth of public spending;
The possibility of temporarily blocking certain mandatory expenses;
A reduction of up to 20% in some tax benefits granted to companies.
The text also foresees changes in the calculation of minimum resources allocated to health and establishes a deadline for regulating the so-called super salaries for public servants.
Voting has not yet been completed. Four points of the text need to be analyzed by senators, before the project goes to the Chamber of Deputies.
The government's objective is to contain the growth of public debt without compromising social policies. Approval of the package is also considered important for Congress to move forward in voting on the 2027 Budget.
Global Scholarships
In the USA, stock markets closed lower this Thursday (12). The Dow Jones fell 0.36%, to 52,296.20 points. The S&P 500 fell 0.34%, to 7,593.39 points, while the Nasdaq fell 0.40%, to 25,363.75 points.
The pressure on the technology market came mainly from the shares of Nvidia, an American chip giant. The shares plummeted 13.90% during the morning, quoted at US$ 149.57. At the end of the trading session, they reduced their losses, but still fell 4.34%, to US$ 166.
In Europe, stock markets closed higher this Thursday (12), driven by positive company results and the relief of tensions between the USA and Iran. The pan-European index advanced 0.14%, to 664.01 points.
Among the main exchanges in the region, the FTSE index, in London, rose 0.25%, to 10,863.09 points. In Frankfurt, the DAX rose 0.41%, to 26,771.88 points, while the CAC-40, in Paris, increased 0.34%, to 8,361.36 points.
In Asia, stock markets closed mostly lower, pressured by fears of new American restrictions on the sale of chips to China.
The Shanghai index fell 0.67% to 3,655 points, while Hong Kong's Hang Seng lost 1.26% to 24,008 points. In Japan, the Nikkei fell 0.70%, to 60,819 points.
