Dollar opens higher, with focus on American inflation and electoral polls

The Brazilian political scene remains under the spotlight, as investors reflect on new electoral research and the approval of the PEC that foresees the end of the 6x1 scale. Economic indicators in Brazil and the United States are also on the radar.

▶️ In Brazil, the theme of the day is the approval of the PEC that foresees the end of the 6x1 scale. The proposal was approved by the Senate last Wednesday with 75 votes in favor and one against in two rounds of voting. With approval, the constitutional amendment is promulgated by the Congressional Board and the expectation is that changes will occur gradually.

▶️ In the electoral framework, Flávio Bolsonaro appeared with 46% of voting intentions in the 2nd round, against 44% for Lula. The data comes from the new Quaest survey, released the day before. This Thursday, a new survey should be released by Datafolha. Follow the electoral polls on g1.

▶️ On the economic agenda, the highlight is the producer price index (PPI) in the United States. The indicator gained relevance for the market, after inflation for the American consumer, released the day before, indicated that prices in the country remain under pressure.

▶️ In Brazil, the focus is on the August Monthly Trade Survey (PMC). The expectation is that the indicator will show new growth in the month, with recovery concentrated in the Clothing and footwear and Furniture and household appliances segments.

The Brazilian political scenario is one of the highlights of the market this Wednesday. The focus is on the vote, in the Federal Senate, of the PEC that foresees the end of the 6x1 scale.

After being approved in two rounds by the Chamber of Deputies and receiving a favorable opinion from the Senate's Constitution and Justice Committee (CCJ), the proposal will be voted on in the House's plenary.

The vote has mobilized parliamentarians, workers and representatives of the productive sector because it can define the direction of the proposal, which changes the maximum working hours provided for in the Federal Constitution.

In Asia, Chinese shares closed at their lowest level in 14 months, following the widespread weakness in global markets and amid the fall in shares in the technology sector.

The SSEC, the Shanghai index, and the CSI300, the index that brings together the largest companies listed in Shanghai and Shenzen, fell 1.6%. Among the other indices in the region, Japan's Nikkei lost 4.90% and Hong Kong's Hang Seng lost 1.03%. Kospi, from South Korea, had losses of 7.57%.