RADAR OF THE DAY: Job growth in the USA and new president of BB

RADAR OF THE DAY: Job growth in the USA and new president of BB
RADAR OF THE DAY: Job growth in the USA and new president of BB
The creation of just under 1 million jobs in the United States in March surpassed investors’ forecasts and pushes up futures contracts for the main stock indexes in the country, reinforcing the thesis of the accelerated recovery of the American economy. In Europe, exchanges remain closed because of the Easter holiday.

The US employment data, however, also raised fears that inflation there will rise too quickly, driven by the economic recovery and the various growth stimuli that are in place in the country. As a result, interest rates on US debt securities also rise – a move that may limit earnings on the stock market.

In Brazil, the market should react to the downward revisions in the vaccination schedule against covid-19 in the country – now 30 million doses are expected in April, almost half of what was initially forecast.

President Jair Bolsonaro appointed, by decree, Fausto de Andrade Ribeiro as the new president of Banco do Brasil. He replaces André Brandão, who asked for his resignation.

Fausto Ribeiro is a career employee at Banco do Brasil and was appointed by the Ministry of Economy. The nomination was the subject of controversy in recent weeks for not following the normal rite and discarding the assessment made by candidates by the consultancy Korn Ferry.

Last Thursday, Banco do Brasil announced the resignation of board members Hélio Lima Magalhães and José Guimarães Monforte.

On the agenda of the day, investors will also be attentive to the participation of the Minister of Economy, Paulo Guedes, in an event at 3:30 pm.

Equatorial Energia’s board of directors approved, on March 24, the proposal to pay R $ 547.6 million in dividends from the 2020 result to shareholders, and to allocate R $ 158.4 million in additional dividends from the profit reserve to carry out of the company. The agency also approved the proposed capital increase without the issuance of new shares, in the total amount of R $ 1.2 billion.

Vale’s board of directors approved the share buyback program proposed by its executive committee, limited to 270 million common shares and their respective ADRs, representing up to 5.3% of the total number of shares outstanding, based on the shareholding composition February 28, 2021. The program will run for up to 12 months.

Minerva informed the settlement of the early repurchase offer of securities maturing in 2026 representing debt issued abroad by its subsidiary Minerva Luxembourg SA with an interest rate of 6.50%, in the amount of US $ 912.22 million or 75, 81% of the securities in circulation.

In March, Petrobras recorded total diesel sales in the order of 791 thousand bpd, 35% above the same month in 2020, and surpassed the record sales of S-10 diesel, with low sulfur content, reaching the mark of 416 thousand bpd, which exceeds the previous record of 407 thousand bpd, recorded in October 2020, by 2%.

The Petrobras People Committee reported that it favorably evaluated three candidates for the position of executive director of the company and considered that Salvador Dahan had the most adherent profile to the position among them, according to the minutes of the meeting held on March 23.

The state-owned company also reported an investment of R $ 120 million in social, environmental, cultural, sports and business, science and technology projects in 2020, 49.37% below the R $ 237 million invested in these areas in 2019, according to information in its report. annual sustainability report.

Energisa received, from its minority shareholder Ronaldo Cézar Coelho, the nomination of Franklin Jambin Ma to run for the election of the alternate member of the company’s board of directors linked to the director Luciana de Oliveira Cezar Coelho, to fulfill the mandate that ends on 28 April 2022. The election will take place at the April 28th annual general meeting.

Due to the anticipation of the holidays, Localiza changed the schedule of the public offering of debentures of the company and will carry out the registration of the offer, the announcement of the start and start of trading on April 6, 7 and 8, respectively.

The energy load in the National Interconnected System is expected to increase 15.5% in April, totaling 70,113 average megawatts (MW), in comparison with the same period last year, due to the impact of the beginning of the covid-19 pandemic in 2020, from according to data from the National Electric System Operator.

Procon-SP notified Carrefour to clarify until next Wednesday (7) problems related to promotional sales reported by users of the company’s website on social networks, such as the sale of products with later cancellation due to an error.

Copyright 2021 – Grupo CMA – Image: Piqsels.com

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