NY indices start payroll week with increase; China industry data and more

NY indices start payroll week with increase; China industry data and more
NY indices start payroll week with increase; China industry data and more
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New York futures indices dawn in the positive field this Monday (01), as Wall Street prepares for the start of the second quarter. After PCE inflation data was in line with estimates in the previous session, the market eagerly awaits the employment report (payroll) on Friday (5).

China’s shares closed in the black, with investors evaluating the country’s business activity, while Japan’s shares closed lower, with business optimism falling.

Here, investors are waiting for the release of the Purchasing Managers Index (PMI) for the manufacturing industry for March and the IPC-S. In the political field, President Lula has a meeting with the Minister of the Civil House, Rui Costa, Minister of Finance, Fernando Haddad, and Minister of Mines and Energy, Alexandre Silveira.

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1.World Exchanges

U.S

Wall Street is gearing up for a busy week of economic data that begins Monday, with construction spending for February and ISM manufacturing data for March due today. The March jobs (payroll) report is scheduled for Friday.

See how futures markets perform:

Dow Jones Futures: +0.29%

S&P 500 Future: +0.35%

Nasdaq Futures: +0.49%

Asia

Asian markets closed higher, with the exception of Japan’s stock exchange, as encouraging manufacturing data boosted Chinese stocks and an unfavorable business confidence survey weighed on business in Tokyo. The latest Chinese industrial PMIs came in above expectations. The official rose to 50.8 in March, pointing to the first expansion in manufacturing after five months of contraction, while the S&P Global/Caixin reading rose to 51.1 last month, reaching the highest level since February 2023.

On the other hand, the Nikkei fell 1.40% in Tokyo today, to 39,803.09 points, after the Bank of Japan’s (BoJ) Tankan survey showed that sentiment among the country’s large manufacturers deteriorated for the first time in four quarters.

Shanghai SE (China), +1.19%

Nikkei (Japan): -1.40%

Hang Seng Index (Hong Kong): closed for public holiday

Kospi (South Korea): +0.04%

ASX 200 (Australia): closed due to public holiday

Europe

European markets will remain closed this Easter Monday, with most trading in the region not resuming until Tuesday. European stocks closed the first quarter of 2024 around 6.8% higher on Thursday, as recent inflation data continues to show that pressures from higher prices are slowing.

Commodities

Oil prices are trading lower, holding on to most of their recent gains amid expectations of tighter supply due to cuts by the Organization of the Petroleum Exporting Countries and allies (OPEC+), attacks on Russian refineries and upbeat Chinese industry data. .

China’s iron ore prices reversed initial losses on Monday, helped by data that showed China’s manufacturing activity expanded.

WTI oil, -0.02%, at $83.15 a barrel

Brent crude, -0.11%, at $86.90 a barrel

Iron ore traded on the Dalian exchange rose 2.61% to 768.00 yuan, equivalent to US$106.22

Bitcoin

  • Bitcoin, -2.20% at US$69,452.41 (compared to the price 24 hours ago)

2. Agenda

The agenda highlights the transformation industry in both Brazil and the United States.

Brazil

8am: IPC-S (weekly)

10am: Manufacturing PMI for March

10:15 am: March Economic Uncertainty Indicator

3pm: President Lula meets with the Minister of the Civil House, Rui Costa, Minister of Finance, Fernando Haddad, and Minister of Mines and Energy, Alexandre Silveira

USA

10:45 am: Manufacturing PMI for March

11: March Manufacturing ISM

3. Economic news

Highway auction in April should attract R$9 billion in investments

The highway concessions sector has two important auctions scheduled for April, with works estimated at R$9 billion. The first will take place on April 11, involving the federal tender for BR-040, between Belo Horizonte and Juiz de Fora (MG). Then, on April 16, the government of São Paulo intends to auction the Public-Private Partnership (PPP) of the Litoral Paulista Lot, according to a report by Valor.

4. Political news

Commission makes concentrated effort in the Senate to vote on the Civil Code

The commission of jurists responsible for reviewing and updating the Civil Code promotes in the Senate, this week, between April 1st and 5th, a concentrated effort to vote on the final report with proposed changes to more than a thousand articles and on topics that are difficult to reach consensus on, such as family, animal and property law.

Moro’s cassation begins to be judged this Monday

The impeachment of senator Sergio Moro (União Brasil-PR) will begin to be judged at the Regional Electoral Court of Paraná (TRE-PR) this Monday (1st), starting at 2 pm. Two cases are being analyzed regarding abuse of economic power in the 2022 election that could lead to him losing his mandate.

5. Corporate Radar

IRB Re (IRBR3)

The reinsurer IRB Re (IRBR3) announced, this Thursday (28), that the company’s net profit reached R$37.9 million in the fourth quarter of this year, which represents a reversal in relation to the loss of R$38 .8 million recorded a year earlier.

Hapvida (HAPV3)

Hapvida (HAPV3) recorded adjusted net profit of R$330.5 million in the fourth quarter, an increase of 104.8% year-on-year.

Multiplan (MULT3)

Multiplan’s Board of Directors (MULT3) approved the distribution of interest on equity, in the gross amount of R$90 million, corresponding to
R$ 0.15482995902 per share.

(With Estadão, Reuters and Agência Brasil)

The article is in Portuguese

Tags: indices start payroll week increase China industry data

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