Titoli di Stato paesi-emergenti Obbligazioni Brasile e Petrobras (4 lettori)

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Brazil's public debt jumps in June, cash buffer at record high

Brazil's federal public debt rose 3% in June from the month before to 5.33 trillion reais ($1.03 trillion), the Treasury said on Wednesday, adding that its emergency cash buffer surged to a new high of 1.17 trillion reais.

www.reuters.com

 

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Pemex CEO Slams Moody’s Decision to Cut Rating as ‘Shameful’

The top executive at Petroleos Mexicanos slammed the decision by Moody’s Investors Service to cut the state oil producer’s credit rating further into junk, calling the move “shameful.”

t.co

The CEO of Pemex says the decision by Moody’s Investors Service to cut the state oil producer’s credit rating further into junk was "shameful"

 

[Fabrib]

Brazil's public finances improved in June, figures showed on Friday, as fiscal consolidation following last year's crisis-fighting largesse and stronger growth pushed debt and the deficit as a share of the economy to the lowest in a year.
The public-sector primary deficit in the month excluding interest payments, however, was higher than expected and significantly wider than May, indicating that spending pressures to mitigate the coronavirus pandemic remain strong.
Overall government debt fell to 84.0% of gross domestic product in June, central bank figures showed, the lowest since June last year and down from 84.6% the month before. BBG

 

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Brazil July exports total $25.5 bln, imports $18.1 bln -economy ministry

Brazil posted a $7.4 billion trade surplus in July, figures showed on Monday, less than the consensus forecast in a Reuters poll for a $8.7 billion surplus and down slightly from a $7.6 billion surplus in the same month last year.

www.reuters.com

 

[Fabrib]

BRASILIA, Aug 4 (Reuters) - Brazil’s central bank raised its key interest rate by a full percentage point on Wednesday for the first time since 2003, and pledged to step on the policy tightening accelerator even harder to ensure inflation is pulled back toward target next year.
With 2021 inflation running significantly above the central bank’s mandated target range this year, policymakers said they stand ready to raise borrowing costs beyond the so-called ‘neutral’ rate to make sure its 2022 and 2023 goals are met.
The unanimous decision to raise the benchmark Selic rate to 5.25% was in line with the predictions of 37 of the 46 economists in a Reuters poll, and followed three consecutive rate increases of 75 basis points.
Economists estimate the current neutral rate translates to a Selic rate of about 6.5%, and Copom said it expects to deliver another rate increase of 100 basis points at its next meeting on Sept. 21-22.

 

[Fabrib]

Petrobras beat second quarter profit estimates on Wednesday, as higher Brent prices, strong natural gas sales and relatively controlled expenses boosted the company's bottom line.
In an evening securities filing, Petroleo Brasileiro SA , as the company is formally known, reported a quarterly net income of 42.855 billion reais ($8.29 billion), up from a loss in the same period last year and well above the Refinitiv consensus estimate of 30.7 billion reais.
Earnings before interest, taxes, depreciation and amortization, or EBITDA, came in at 61.94 billion reais, up about 148% from the second quarter of 2020 - which was severely hit by COVID-19 lockdowns - and above the Refinitiv consensus estimate of 51.7 billion reais.
In comments accompanying the results, Petrobras attributed the beat to a number of factors, including strong domestic and international sale volumes and a 13% increase in Brent prices from the previous quarter.
In particular, revenue from natural gas sales jumped some 23.4% in quarterly terms to 7.01 billion reais, as demand was boosted by a nationwide drought which has severely limited the availability of hydropower.
A 12.2% appreciation of the Brazilian real against the dollar in quarterly terms also boosted results, Petrobras said.
Operational expenses, meanwhile, fell 9.1% in quarterly terms, which the company attributed to reduced costs incurred by contractors and a significant tax adjustment that effectively allowed Petrobras to avoid hundreds of millions of reais worth of double taxation.
Earlier on Wednesday evening, Petrobras said its board had approved two extraordinary dividend payouts in 2021 totaling 31.6 billion reais. In October, the company changed its bylaws to allow extraordinary dividend payments in certain situations.
After years of cost cutting and asset sales, the company is beginning to approach its gross debt target of $60 billion. Petrobras reported a gross debt of $63.7 billion in the second quarter, down $7.3 billion from the first quarter and $27.5 billion from the same period a year ago.

 

[king-Mob]

no comment

 

[Jsvmax79]

Brazil's Guedes says political conflict mars economy

Brazil's Economy Minister Paulo Guedes said on Friday that political conflict is contaminating the economy and overshadowing positive news on economic growth and the prospect of a much smaller primary budget deficit next year.

www.reuters.com

 

[Fabrib]

Bolsonaro atinge o pior nível de aceitação desde o início do mandato

As reservas dos brasileiros face à gestão do Presidente continuam com tendência de aumento e atingem os 53%, o pior nível desde o início do seu mandato, segundo uma sondagem divulgada pelo Instituto Datafolha.

jornaleconomico.sapo.pt

 

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Brazil govt forecasts smaller 2021 deficit with improved revenues

Brazil's government forecast a smaller primary budget deficit this year due to rising revenues from the economic rebound from the coronavirus pandemic, the Economy Ministry's bi-monthly revenue and expenditure report said on Wednesday.

www.reuters.com