Brazilian GDP, PMIs, ADP, Dotz, CSN: things to watch in today’s Brazilian financial market

RIO DE JANEIRO, BRAZIL – International stock markets are trading slightly higher Wednesday morning as investors follow the latest economic data from the world’s major economies.

In Europe, the Stoxx 600 is up 0.65% after this morning’s Purchasing Managers’ Indexes (PMI) showed a solid economic recovery in August.

DATA OF THE DAY

In the Eurozone, the manufacturing PMI crossed the 60-point mark, well above the 50-point line that separates a contraction from an expansion. In the United Kingdom and Germany, the indicator was also above 60 points. In France, the PMI was 57.5 points, higher than expected.

Also on Wednesday will be published purchasing managers’ indexes in the United States and Brazil. However, the American market should focus even more on the change in private jobs, as determined by the ADP Institute.

For August, the data serve as a preview of the official nonfarm payroll employment report, which will be released on Friday, 3. The consensus for the ADP data is the creation of 613,000 jobs. In the U.S. futures market, the three major stock market indexes are up about 0.2%.

In addition to international data, Brazilian investors are expected to consider Brazilian GDP for the second quarter, which will be released at 9 AM. The market expects growth of 0.2% in the quarter and 12.8% year-on-year, given the weak performance in the same period last year, the peak of the mobility restrictions.

PETROBRAS: On the market’s radar continue to be corporate news and remarks by President Jair Bolsonaro on fuel pricing policy. In the last session, shares of Petrobras (PETR3/PETR4) fell nearly 4% after the CEO said he would “work” on fuel prices.

DOTZ: China’s Ant Group, a global reference in the fintech market, has completed an investment of 5% of the capital of Dotz (DOTZ3). The two companies will work synergistically to “leverage digital solutions to better support small businesses and consumers in Brazil,” according to a statement.

The fintech Ant Group will have the right to appoint one of the members of the board of directors and the co-chair of the strategy committee, as well as the right to propose names for other committees.

CSN: CSN Cimentos, which combines the cement manufacturing and marketing activities of CSN Group (CSNA3), has completed the acquisition of control of Elizabeth Cimentos and Elizabeth Mineração.

Bemobi: Bemobi (BMOB3) has completed the acquisition of 100% of the share capital of Tiaxa (Zonamovil). “This acquisition is an important step in the implementation of the strategic plan aimed at driving growth in the digital services sector, with a focus on microfinance and digital platforms, channels, and geographies,” Bemobi said in a press release.

Related coverage: Survey: Half of Brazil's companies intend to do mergers or acquisitions in next 12 months · Porsche buyers in Brazil empty showrooms and wait up to 12 months for their dream car · 2021 will see the second largest area burned in Brazil's Pantanal in 10 years · Brazil's 2nd quarter GDP drops 0.1% from 1st quarter – IBGE

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