Forex Currency

Bithumb bitcoins bag says "correct" regulation in South Korea will boost market

noreply@blogger.com (Anonymous) — Tue, 12 Dec 2017 15:55:00 +0000

The world's busiest virtual coin purse operator, South Korea's Bithumb, said on Tuesday it would comply with whatever rules the Seoul government might impose and that it would adequately capitalize on protecting its customers.
BTC Korea.Com also told Reuters it would "actively cooperate to build a certain set of rules," which could include steps such as proper identification of its customers by real names.
"The correct set of rules will encourage the market (of virtual currencies), and we like that," he told Bithumb in an e-mail answering questions from Reuters, adding that such a code of conduct could add legitimacy to the market.
Currently, anyone who has a cell phone in their own name and a bank account can sign up and negotiate via Bithumb.
The comments came a day after bitcoin hit a record high of $ 17,270 on the Luxembourg-based Bitstamp exchange, despite questions about the cryptomede's real value and worries about a dangerous bubble.
Although it was the world's largest trader of virtual currencies in November by turnover and South Korea is among the world's largest bitcoins markets, BTC Korea.Com has maintained a discreet stance since the launch of Bithumb in 2014 and just recently available information about it.
Attracted by the explosive valuation of bitcoin more than 15 times this year, ordinary South Koreans - from housewives to university students and government officials - rushed to applications for virtual currency exchange scholarships such as Bithumb, hoping to make a quick profit despite government warnings.
After bitcoin prices rose 21 percent in a week last month, Prime Minister Lee Nak-yeon said it was time for the government to act, as "a serious pathological phenomenon" could happen if there was no control .
The Finance Minister said on Monday that ministers are talking to decide whether these deals can be regulated, while the head of the financial regulator said some Justice Ministry officials are calling for a ban on the trading of crypto coins, though nothing has been still decided in terms of market regulation.
Headquartered in the Gangnam district of Seoul, BTC Korea.Com has revealed little about its Bithumb trading platform or its founder, Kim Dae-shik.
Asked if imminent regulation would restrict the virtual currency boom, the company said that "the trend is irreversible and" we see the flow of money flowing from stock markets into the virtual currency market. "
South Korea accounted for 15 percent of global bitcoin trades in the past 24 hours on stock exchanges that charge fees, according to Coinmarketcap.com. This is well above the size of its economy of about 2 percent of global production.
In a few days, the daily volume of bitcoins surpassed the Kosdaq stock index of small-caps, which has a market value of 271 trillion won ($ 248.6 billion), according to the government.
Given that most South Korean casinos are only for foreign visitors, a repressed appetite for gambling probably played a role in the bitcoin craze, says Park Nok-sun, a crypto-currency analyst at NH Investment & Securities.
"The fact that anyone can start trading with little money and the lack of volatile betting places has helped the market turn around in Korea," said Park.

Kremlin says it sees trump tweets as official pronouncements

noreply@blogger.com (Anonymous) — Tue, 12 Dec 2017 15:52:00 +0000

The tweets of the president of the United States, Donald Trump, are seen in Moscow as their official position and read by Russian President Vladimir Putin, the Kremlin said on Tuesday.
A prolific Twitter user before being elected late last year, Trump continued to use social networking to express his views on international politics and topics since moving to the White House. Kremlin spokesman Dmitry Peskov said on Tuesday that he was not allowed to comment on Trump's actions but added, "Anyway, everything that is posted on your authorized Twitter account is viewed by Moscow as your official pronouncement ". "Of course, this is reported to Putin along with other information on official pronouncements of politicians," Peskov said, adding that the Russian leader is not Twitter user. Trump's Twitter activity has already caused controversy. It sparked uprising in the UK last month, and a harsh rebuke of Prime Minister Theresa May when she re-cracked anti-Islamic videos of a British right-wing group.

Gold prices in 5-month low with Fed in focus

noreply@blogger.com (Anonymous) — Tue, 12 Dec 2017 15:51:00 +0000

Gold prices remained at a five-month low on Tuesday as investors continued to focus on the Federal Reserve's monetary policy meeting this week.
In the Comex division of the New York Mercantile Exchange, gold futures contracts fell by $ 3.00, or about 0.24%, to $ 1,243.90 a troy ounce by 11:40.
It is widely expected that the Fed will raise interest rates at its two-day monetary policy meeting that will close on Wednesday; currently two or three interest increases are expected next year, but worries about lukewarm inflation may change the outlook for 2018.
Gold is sensitive to movements in US rates, which increases the opportunity cost of having low-yielding assets such as yellow metal.
In addition, data released on Tuesday showed that producer price inflation in the US and its core reading rose as expected in November.
Still in the Comex division, silver futures contracts fell 0.32% and traded at $ 15.74 per troy ounce.

Agreement between banks and savers foresees payment of up to R $ 5,000 at sight, rest will be paid in installments, sources say

noreply@blogger.com (Anonymous) — Tue, 12 Dec 2017 15:48:00 +0000

Acordo entre bancos e poupadores prevê pagamento de até R$5 mil à vista, restante será parcelado, dizem fontes

The agreement between banks and savers in relation to the losses resulting from economic plans provides for the disbursement of a first installment of up to 5,000 reais after approval by the Federal Supreme Court, sources familiar with the negotiations said.
In a statement, the Brazilian Attorney General's Office (AGU), the Central Bank, the Brazilian Institute of Consumer Protection (Idec), the Brazilian Front of Savers (Febrapo) and the Brazilian Federation of Banks (FEBRABAN) said earlier that they had concluded negotiations yesterday to close judicial disputes over the Bresser, Verano and Collor II economic plans of the 1980s and 1990s.
"Those who have up to this amount receive in sight, those who have the most receive this initial value, the rest enters a payment schedule," a source told the bank.
The agreement is due to be filed on Tuesday in the STF. The objective, according to another source, is to allow homologation to take place before the judicial recess at the end of the year.
At the end of last month, the AGU had already reported that the parties reached a consensus on the financial conditions that would guide the agreement, considered the most difficult part to reach an understanding. The estimate at the time was that the agreement encompassed values that would reach around 10 billion reais to be paid by the banks to the savers.
According to the first source, who participated in the negotiations by the banks, however, the effectiveness of the agreement still depends on the STF to complete the judgment on the constitutionality of the economic plans, which can be concluded in early 2018.
At the end of November, the AGU said that the agreement should close about 1 million lawsuits. The AGU entered the discussion last year after consumer rights advocates called for mediation with financial institutions involving losses to the savers caused by the plans.
An earlier meeting of the savers with banks mediated by the AGU eventually ended up without agreement at the end of October. The banks' proposal was to apply a discount of 15 to 20 percent on amounts owed by financial institutions, while consumer organizations charged lower discount percentages.
Shares in banks fell on Tuesday. Banco do Brasil (SA: BBAS3) had a 0.6 percent devaluation, Bradesco (SA: BBDC4) had a 1.3 percent drop, Itaú Unibanco (SA: ITUB4) was down 1.25 percent. Santander Brazil (SA: SANB11) was down 0.5 percent.

Settlement of the energy market raises R $ 3 billion in October, of almost R $ 10 billion in operations

noreply@blogger.com (Anonymous) — Tue, 12 Dec 2017 15:46:00 +0000

The financial settlement of short-term electricity market operations for October amounted to 2.97 billion reais, out of a total of 9.84 billion in transactions accounted for, the Electric Energy Trading Chamber (CCEE) said on Tuesday, .
The processing, which promotes payments and receipts among companies in the sector, recorded 5.61 billion reais unpaid by agents due to injunctions in which many managed to protect against the hydrological risk in the hydroelectric operation, a legal dispute that has been dragging since the mid 2015.
Another 1.26 billion reais represents other outstanding amounts in liquidation.

Investing in Bitcoin through the Atlas Project

noreply@blogger.com (Anonymous) — Tue, 12 Dec 2017 15:45:00 +0000

But the investment in Bitcoin hides some problems barely perceptible at first sight. The first is the difficulty on the part of the beginners in acquiring the currency. Although using Bitcoins on a day-to-day basis is very practical for those who are used to cryptomoeda, the initial investment in the asset involves a process that can be painful for several people: choosing and creating the account at some bitcoin brokerage, document validation, deposit banking, account login, fulfillment of the purchase order and only then finally the ownership of Bitcoin.

The second problem of application in Bitcoins is the fact that the gains always depend exclusively on the appreciation of the currency. That is, if one bought 1 Bitcoin for 20 thousand reais, and a few months later the price increased to 30 thousand, the profit was only because Bitcoin rose - but, the total amount of Bitcoins always remains one. There are no interest or dividends.

Thus, most investors in Bitcoin adopt the Buy & Hold strategy, that is, buy the currency, hold in some digital portfolio and wait for the valuation of the asset. Investors looking for an additional income in Bitcoin, usually through financial trading strategies and loans, have faced the operational difficulty, risks and time required in each of these activities.

In order to solve both the problem of accessibility to Bitcoin and that of yields on the currency itself, Atlas Project, fintech created in 2016, developed Quantum, an automated financial arbitrage product with Bitcoin.

The system is based on an algorithm that analyzes real-time offers of buying and selling of Bitcoin in four different currency trading exchanges around the world. When it detects a good arbitrage opportunity it automatically sends purchase orders where Bitcoin is cheaper and sells where it is more expensive, already considering the volume of offers, the operating rates and a margin of safety created by the company itself.

If successful, the profit is distributed daily to investors, with the advantage of being on the cryptomade itself. That is, the user increases the amount of Bitcoins he owns. It is a variable income product and there is no guaranteed income, and so far the income has stood at an average of 2% a month.

According to Fabrício Sanfelice, Director of Marketing at Atlas Project, this is the classic financial arbitrage strategy, very common in traditional markets, but done in an automated, continuous and bitcoin way.

"Similar to investing in an investment fund, investors are able to profit from different prices of Bitcoin on exchanges, even without the ability or time to do so."

The process of investing in Quantum is quite simple. The system is registered and the user accesses the deposit tab, where it will have an address to send the Bitcoins. Simply send the desired value to the address and automatically the system will send the bitcoins to the brokerage houses, where the operations will be carried out.

Part of the investment is another big advantage of Quantum. If the customer needs help in acquiring the criptomoeda, Atlas helps both with instructions for beginners in the market of Bitcoin and carrying out the process of intermediation of purchase of the currency. In this mode, the user deposits the desired value in reais into the company's bank account, and Atlas will use the amount to buy Bitcoin at one of the Brazilian BTC brokerages and send it to the investor's Quantum account. You can request more information about this solution by contacting the company's support directly.

To ensure the safekeeping of custody balances, both with respect to your internal system and customer accounts, the database and the withdrawal requests on the platform are constantly monitored. Startup also engages periodic system-wide intrusion and stability testing to detect any potential intrusion and validate its internal and external digital security processes.

In addition, the Atlas Project also has the support of Malgueiro Campos, a law firm specialized in Bitcoin and Blockchain, to ensure legal security for both the company and investors in the system, as well as the administrative support of the WOW accelerator.

The Atlas Project is one of the startups that received investment from WOW Accelerator, one of the first startups accelerators in Brazil and supported by investors who provide accelerated companies with a wide network and experience in various sectors of the economy.

China's main steel producing province issues 2nd highest pollution alert

noreply@blogger.com (Anonymous) — Tue, 12 Dec 2017 15:42:00 +0000

China's major steel producing province, Hebei, issued an orange pollution alert on Tuesday, involving 10 industrial towns including Shijiazhuang, Baoding, Tangshan and Handan, the official Hebei News Agency said.
The alert is the second largest on the four-level emergency system scale.
The ten cities will adopt emergency measures against pollution for four days from December 12, published Hebei News.
The Tangshan steel polo government said in a statement that it has ordered steelmakers to restrict production as part of emergency measures against pollution.
Tangshan also ordered coal producers to extend the coke preparation period, or the time it takes to cool the coal during the production of the input, for at least 48 hours.
Tangshan province has also halted the production of a number of construction inputs such as cement and ceramics during the period, as well as all coal-fired boilers.

Brazilian wheat import in 2017 will be the largest in a decade, says Conab

noreply@blogger.com (Anonymous) — Tue, 12 Dec 2017 15:40:00 +0000

Brazil's wheat import this year is expected to reach 7.2 million tonnes, the highest volume in about a decade after a crop failure in the country, the National Supply Company (Conab) said on Tuesday.
Brazil, one of the largest global importers of wheat, had already purchased large volumes of the grain in 2016, when imports totaled 7.09 million tonnes.
In normal years, Brazil usually imports about half of its consumption, estimated in 2017 at 11.3 million tons, according to Conab data,
On Tuesday, Conab revised up its import forecast this year by 200,000 tonnes compared to the November forecast, after reducing the nearly completed harvest forecast by almost 270,000 tonnes.
The estimated volume for 2017 is only below the import registered in Conab's historical series in 2006/07, when Brazil imported more than 7.5 million tons - at that time, Conab did not indicate the calendar year as a reference for numbers , but the crop year.
Imports of wheat from Brazil this year were dominated by Argentina, traditionally Brazil's leading supplier, with more than 4 million tonnes from January to October, according to data from the industry association Abitrigo.
Paraguay, the United States and Canada appear as smaller suppliers in the country.
With Brazil buying large volumes abroad, other suppliers, such as Russia, are eyeing the Brazilian market.
Technicians from both governments are discussing an opening to Russian wheat, while also negotiating a resumption of the Russian market for Brazilian beef.

Bovespa falls 1% with caution due to pension reform

noreply@blogger.com (Anonymous) — Tue, 12 Dec 2017 15:39:00 +0000

The main index of the São Paulo stock market was in the red on Tuesday, with investors adopting caution in front of the government's articulations to bring Social Security reform to the House of Representatives vote next week.
At 11:49, the Ibovespa fell 1.02 percent to 72,053 points. The financial turnaround was 1.34 billion reais.
The local news about Pension reform has been the guide to business in the stock market, provoking volatility and overcoming external influences. The expectation is that this scenario will continue in the next sessions, until more clarity is given to the real support that the government has to put the measure to a vote.
Earlier, a source told Reuters that the government decided to bring forward Thursday the start of the discussion on the proposal in the plenary of the House of Representatives with the objective of having a realistic picture of the support that can count on trying to vote the text in the next week. However, still the day before, the mayor, Rodrigo Maia (DEM-RJ), said that "it is not easy" to vote the reform in the House next week.
"There is no indication of evolution in the negotiations of the Social Security and the issue of postponement of voting begins to gain a body ... The bad mood can contaminate the markets once the government's speech that everything is fine and that it has no difference vote now or in 2018 begins to lose credibility, "analysts at the brokerage Lerosa Investimentos wrote in a note to clients.
HIGHLIGHTS
- ITAÚ UNIBANCO PN (SA: ITUB4) fell 1.18 percent and BRADESCO PN (SA: BBDC4) lost 1.30 percent. SANTANDER UNIT (SA: SANB11) was down 0.62 percent and BANCO DO BRASIL ON (SA: BBAS3) yielded 0.46 percent. On the radar was the agreement with savers to settle legal disputes, which must be filed on Tuesday in the Federal Supreme Court (STF). According to one source, the agreement provides for the disbursement of a first installment of up to R $ 5 thousand for all creditors fifteen days after approval by the STF.
- ELETROBRAS ON (SA: ELET3) fell 2.24 percent and ELETROBRAS PNB (SA: ELET6) fell by 2.14 percent, among the largest Ibovespa losses, as the papers continue to show volatility amid expectations of privatization.
- PETROBRAS PN (SA: PETR4) fell by 0.26 percent and PETROBRAS ON (SA: PETR3) had a negative change of 0.38 percent against international oil prices.
- VALE ON fell 1.14 percent on the day of losses for iron ore futures contracts in China.
- KROTON ON (SA: KROT3) rose 2.24 percent, after falling in the three previous trading sessions. On the radar were statements from executives made the day before about plans for the company, which include the opening of 30 own graduation units and 150 through partnerships next year. According to analysts at Guide Investimentos, Kroton stands out among educational companies "mainly because of its strong execution power and management agility, which has managed to restructure the company in the face of economic and regulatory changes in the sector."

Blackstone offers US $6 bi per Petrobras pipelines in NE, Bloomberg says

noreply@blogger.com (Anonymous) — Fri, 01 Dec 2017 19:59:00 +0000

The shares of Petrobras accelerate the high on the trading of this Friday (1st) After Bloomberg reports that the Blackstone Aprestou proposal of US $6 billion per pipeline of Brazilian state in the northeast. With this, the company's roles (SA: PETR4) are negotiated with appreciation of 2.15% to R $15.71.

The Blackstone, in partnership with Patria Investments, was one of the groups that presented non-binding proposals for Petrobras ' assets, according to Bloomberg. Other stakeholders include the Mubalada fund and the EIG.

The sale of the Northeast pipelines is being negotiated since last year, but Petrobras has recommenced the procedures for selling asset after TCU orientation.

Last week, the president of the oil, Pedro relative, said that the disinvestment program would resume breathing after fittings to the rules of the organ. The speech of relative came after confirmation of the sale of the gas field of Azulm to Electric Eneva (SA: ENEV3), first negotiation of the biennium 2017-2018

The company aims to sell US $21 billion in assets until the end of next year and seeks buyers for refineries, shares in Africa and its share in Braskem (SA: BRKM5), in addition to the sale of shares of BR distributor in IPO that will be held this month.

Last year, Petrobras sold to the consortium led by Brookfield 90% of its southeast pipeline network for $ $5.2 billion.

Bitcoin fires 15% and leaves correction back with future approvals in the US

noreply@blogger.com (Anonymous) — Fri, 01 Dec 2017 19:57:00 +0000

The bitcoin seems to have left behind the strong correction and shoots to new high with the news that the US regulators have authorized the negotiation of futures of the Criptomoeda.

The digital currency is sold to us $10,570 in Bitfinex, recovery of almost 20% against the bottom of us $8,821 played yesterday, sign of the end of correction.

The historic record of US $11,427 was reached on Tuesday, followed by an intense correction of nearly 30% in a few hours.

The return of investors ' optimism came with the news that the US Commodity Futures Trading (CFTC) authorized the negotiation of futures of Bitcoin in the USA.

The CME group said that its operations with futures of Bitcoin will be launched on December 18th. The Chicago scholarship, CBOE, will also launch in the upcoming weeks its futures contract of Bitcoin.

Despite the authorisation, CFTC warned that the Criptomoeda remain as a very low-regulated market.

"The Bitcoin, a virtual currency, is a commodity unlike all the Commission has ever dealt in the past," said the president of CFTC, J. Christopher Giancarlo.

"We believe that future scholarships, through information sharing agreements, monitor trading activities (...) Including potential market manipulations and market offsets caused by flash rally, crashes and trading stoppages, "he said.

The arrival of this instrument can bring new institutional capital in search of Bitcoin, which should provoke new buyer wave.

Major investors, such as JPMorgan, have stated that they consider making the futures of Bitcoin to their customers.

The bitcoin started the year at the level of us $1000 and surpassed the US $5000 in October. With the high of the last two months, recovery has surpassed the 1,000% in 2017. With volatile negotiations, the market experienced six separate patches of more than 20% that opened the way to subsequent rallys, as seen in the last 24 hours.

NASDAQ plans Futures

This week, the Wall Street Journal reported that Nasdaq plans to launch a future contract of Bitcoin in 2018. The scholarship joined the VanEck Manager, headquartered in New York, to develop the futures contract, which will be liquidated by the Options clearing Corporation (OCC).

Unlike CME and CBOE, on Nasdaq the derivative will be referenced in an index that considers the prices of more than 50 handbags of bitcoins, the source said.

Still in the Criptomoedas negotiations, Bitcoin cash was quoted to us $1,396.50, high of 16%, while the Bitcoin gold was quoted to us $295, gains from 14%.

The Ethereum, second Criptomoeda Most valuable in terms of market capitalization after Bitcoin, was quoted to US $452, appreciation of 15%.

Guide e Socopa divulgam carteira recomendada de dezembro com alterações

noreply@blogger.com (Anonymous) — Fri, 01 Dec 2017 19:55:00 +0000

The Friday, which opens the month of December, is marked by the dissemination of the proposed portfolios for the period.

For the month of December, the Socopa changed the positions of BRF on and BR malls (SA: BRML3) on by Ambev (SA: ABEV3) on and Equatorial on, respectively. Already Petrobrás PN, streak Drogasil on and Sabesp on, remain in the wallet. In November, the Portfolio Top Pick of the brokerage had negative performance 0.75% against 3.15% of the IBOVESPA.

In the Guide, a single exchange was held. The roles of Iguatemi (SA: IGTA3) were replaced by the actions of the CVC. The broker highlights the maintenance of the diversification strategy and greater selectivity for the portfolio composition.

Check out the wallets:

Socopa

Streak Drogasil (SA: RADL3)-13.3%

Highways (SA: ECOR3)-11.6%

Cielo (SA: CIEL3)-11.1%

Alto Guararapes (SA: GUAR3)-10.7%

Sugar Loaf (SA: PCAR4)-10.4%

Itaú Unibanco (SA: ITUB4)-9.6%

Petrobras (SA: PETR4)-9.4%

Sabesp (SA: SBSP3)-8.8%

BRF (SA: BRFS3)-8.6%

Suzano (SA: SUZB3)-6.6%

Guide

B3 (SA: Bvmf3 would like)-10%

CCR (SA: CCRO3) CCR-10%

Petrobras (SA: PETR4)-10%

Equatorial (SA: EQTL3)-10%

Carrefour Brasil (SA: CRFB3)-10%

CVC Brasil (SA: CVCB3)-10%

Itausa (SA: ITSA4)-10%

Suzano (SA: SUZB3)-10%

Tent (SA: TEND3)-10%

Vale (SA: VALE3)-10%

Enda of new vehicles in Brazil has better November since 2014

noreply@blogger.com (Anonymous) — Fri, 01 Dec 2017 19:49:00 +0000

The sale of cars, light commercials, new trucks and buses in Brazil in November rose 0,7% before October and advanced 14,6% in comparison with the plated one year before, reported on this Friday the association of Dealers of Vehicles Fenabrave.

Last month's licenses added 204,188 vehicles, the largest brand for the month since sales of 294,651 units sold in November of 2014.

"The high in the trust indices and the continuing fall in default... made the buyer return to the dealerships. The increase in credit offer has also boosted the market growth at this time and encouraged the customer to effect their purchase, "said in press release the president of Fenabrave, Alarico junior Assumption.

In the accumulated of the year, the sales of new vehicles sum 2,027,000 of units, high from 9,8% over the period from January to November of last year.

General Motors (NYSE: GM) maintained leadership in the lightweight commercial and car market in November, with sales of 37,354 units, high of about 14% over a year earlier. Volkswagen had 25,569 units, high of almost 60% over a year before, when the company faced problems in delivering auto parts that affected its production.

Fiat was third, with a fall of 9% over a year before, for 24,791 vehicles. Including the other brand of the group, Jeep, the sales of the company in November summed up 32,803 units.

The Ford charted 20,328 cars and light commercials in November, growth of 22% over a year before, while Hyundai sold 17,987 vehicles, advancing about 2%.

Mercados acionários europeus recuam após notícia sobre Flynn

noreply@blogger.com (Anonymous) — Fri, 01 Dec 2017 19:47:00 +0000

European stocks, which were recovering from earlier losses and finishing their first day of negotiation of December in positive territory, fell suddenly after the U.S. national security ex-Michael Flynn pleaded guilty for lying to the FBI.

The index FTSEurofirst 300 dropped 0,74%, to 1,508 points, while the pan-European index STOXX 600 lost 0,7%, to 384 points.

The British index FTSE, which had been pressed by the strengthening of the pound this week, had a fall of 0,36%.

The shares and the dollar fell with the ABC News network reporting that Flynn was prepared to testify that President Donald Trump guided him to make contact with the Russians.

The news unleashed a high on the euro and the pound, damaging the shares, since investors questioned the US president's ability to implement his tax cuts or simply survive the political storm.

"The old talk about President Trump impeached has emerged again," commented the analyst at CMC Markets David Madden.

The oil and gas sector was among the few with positive performance, thanks to the advancement of oil prices after the Organization of Petroleum Exporting Countries (OPEC) and other large producers agree to extend the production cut. BP's stocks soared 0,6% and Royal Dutch Shell advanced 0,2%.

The travel and leisure index also had a high, 0,31%, after Deutsche Bank brought a positive view of the transportation actions and elevated Lufthansa and Air France-KLM, which rose respectively 1,3% and 0,9%.

The financials retreated, with Santander (SA: SANB11) Losing 2,5%, Barclays (LON: BARC), 2,1%, and Lloyds, 1,9%.

The index FTSEurofirst 300 closed in decline of 0,74%, to 1,507 points.

In London, the Financial Times index receded 0,36%, to 7,300 points.

In FRANKFURT, the DAX index fell 1,25%, to 12,861 points.

In PARIS, the index CAC-40 lost 1, 4%, to 5,316 points.

In Milan, the Ftse/Mib index had devaluation of 1,17%, at 22,106 points.

In Madrid, the index Ibex-35 recorded low from 1,23%, to 10,085 points.

In Lisbon, the index PSI20 devalued 0,23%, at 5,350 points.

Brazil has a commercial surplus of $3,546 bi in November despite high imports

noreply@blogger.com (Anonymous) — Fri, 01 Dec 2017 19:46:00 +0000

Brasil tem superávit comercial de US$3,546 bi em novembro apesar de forte alta das importações

Brazil had a commercial surplus of 3.546 billion dollars in November, obtained despite the strong growth of imports in the period, reported the Ministry of Industry, Foreign trade and services (MDIC) this Friday.

The result retreated 25,4% on the positive balance of 4.753 billion dollars of equal month of 2016, breaking sequence of nine monthly records in trade.

In the 11 months of this year, in just two--January and November--the performance of the scales did not represent the best for the period, considering the historical series initiated in 1989.

In November, the imports inverted trend that was being seen until then and grew more than exports. The high was 14,7% before the same month of 2016, by the daily average, to 13.142 billion dollars.

At the end of the exports, the growth was 2,9% on the same base, to 16.688 billion dollars.

From January to November, the trade balance surplus is already 62.008 billion dollars, high of 43,3% over the same period of 2016.

Displaying breath, exports grew 18,2% in the accumulated of the year, while imports rose less: 9,6%.

For the consolidated result of 2017, the MDIC had already improved its estimate to a surplus between 65 billion and 70 billion dollars, against previous projection of a balance exceeding 60 billion dollars, which would already be the best performance recorded by the country.

Highlights

In November, the highlight on the tip of imports became fuels and lubricants, with expansion of 69,2% over equal month of last year.

But the other categories also showed positive performance. The high was 20% in consumer goods, 10,8% in capital goods and 6,7% in intermediate goods.

Already on the export side, they grew the sales of basic (+ 26,5%) and semi-manufactured (+ 3,1%). Manufactured exports, on the other hand, retreated 14,2% in the last month.

Tariff does not prevent imports of ethanol from Brazil, new businesses are possible

noreply@blogger.com (Anonymous) — Fri, 01 Dec 2017 19:43:00 +0000

Imports of ethanol from Brazil have followed strong in recent months even after importers overcome the volumes that could be purchased with tariff exemption, and new businesses are possible even with a fee of 20% extra quota before increasing consumption, said Analysts on Friday.

In October, according to the latest data from regulator ANP, the country surpassed the tariff-free quarterly quota, paying the fee on the purchase of approximately 51 million litres of biofuel.

Since September, Brazil applies tariff limits to imported alcohol, taking account of the local industry's election, which in the first semester has seen ethanol prices collapse in the domestic market because of an external purchases.

By the decision of the outer Chamber of Commerce (Camex), imports of ethanol without tariff are limited to 150 million litres per quarter, or 600 million of litres per annum for a period of 24 months. Above these volumes, there is the incidence of a fee of 20%.

"There are business in these senses, but I can't tell if you opened the window for everyone. You have to take into consideration all the taxes that buyers pay. It may be that in the northeast has compensated, "commented João Paulo Botelho, analyst at INTL FCStone.

With the prices of high gasoline on the domestic market, the sales of hydrated ethanol in the posts became more competitive and Rose 14,8% in October compared to the same month last year, according to ANP's data released on the Eve, collaborating with the external purchases of the Anhydrous biofuel, whose prices are related.

"It is still possible to import because there is a certain margin, small, but there is. By internalising the prices, there is some competitiveness. It is not a big goodwill, but it is not negative, "added Luiz Carlos Corrêa Carvalho, chairman of the Brazilian Agribusiness Association (ABAG) and director of consulting Canaplan.

Data released on Thursday by the National agency oil, Natural Gas and Biofuels (ANP) show that this free rate quota was overcome in October.

Brazil imported almost 110 million litres of anhydrous ethanol in September and more 91 million litres in October, ante 72 million of litres in the same month of last year, totaling 201 million of litres in two months.

Imports of ethanol in November, therefore, were also taxed, rezeroing again the quota from this month--there is no data from last month until now.

Carvalho, Da Canaplan, not mensurou the size of the margin to import, but explained that domestic prices are in very high levels.

This allows to fetch ethanol abroad and market it internally with some gain, especially by north-northeast buyers, closer to the United States, the main national suppliers.

In the mills, ethanol prices have been high for ten weeks, according to the Center for Advanced Studies in Applied Economics (CEPEA).

The advancement is the result of the largest demand for biofuel, which has gained competitiveness on gasoline after higher taxes for the petroleum derivative.

Data disseminated this week by the Union of the sugar cane Industry (Unica), for example, highlights the interest of the plants for the production of ethanol, to the detriment of sugar. In the first fortnight of September, biofuel manufacturing jumped over 15%.

Trend

The 91 million litres of ethanol imported by Brazil in October represent a fall from 18% before September, but are still 26,7% larger in comparison with the same month of 2016.

The quantity is distant from the peak of 257.4 million litres observed in February, when the imports were all steamed. In the accumulated of the year, from January to October, imports reach 1.7 billion litres, high of 305%.

For the next few months, a cooling shop is uncertain.

According to Botelho and Carvalho, this will depend on the demand for fuel, as the anhydrous is mixture to gasoline; The price level, which now fluctuates more freely, according to Petrobras ' Policy (SA: PETR4); And also of the stocked volume for the off season of sugarcane in the center-south, which goes until April.

Alckmin guarantees support from the PSDB to pension reform

noreply@blogger.com (Anonymous) — Fri, 01 Dec 2017 19:38:00 +0000

Geraldo Alckmin garante apoio à reforma da Previdência

The governor of São Paulo and future president of PSDB, Geraldo Alckmin, assured that the party will support pension reform, reported the Broadcast.

The party was publicly pressed by the chief Minister of the Civil House, Elisha Padilha, to position himself publicly in favor of retirement. Alckmin has a meeting scheduled with President Michel to fear this Saturday and pension is one of the themes that should be discussed.

In a survey made by the Folha de S. Paulo, eight toucans were declared against pension reform, while five support the text presented by the Government and two partially favorable. Five remain undecided and 15 did not manifest.

The favorable positioning of toucans is taken by the Government as essential to guarantee the 308 votes necessary for the approval of pension reform. In addition to the party votes, the plateau believes that if the PSDB closes issue in favour of change in pension schemes, other MEPs may feel more comfortable in approving the unpopular design.

This week, the party was criticized for claiming three changes that would discharacterize the project by maintaining benefits to public officials. The movement was seen as a way of distancing itself from the government of eye in the elections of 2018.

Alckmin agreed to chair the PSDB this week after the intervention of the former President of the Republic, Fernando Henrique Cardoso, and the withdrawal of his competitors Tasso Jereissati and Marconi Perillo, in an attempt to unify the party. The governor of SP should officiate the landing of the Allied government base.

ONS reduces rainfall forecast in South and Southeast hydroelectric dams; see larger load

noreply@blogger.com (Anonymous) — Fri, 01 Dec 2017 14:18:00 +0000

The National Electric System Operator (ONS) reduced rainfall in the South and Southeast hydroelectric region in December, but precipitation is still close to the average for the period, at 99 percent of the historical index in both, compared to 126 and 101 percent estimated the previous week, respectively.
In a report on Friday, the power sector still slightly raised the projection for the energy load in the Brazilian interconnected system this month. According to the document, the load is expected to grow 2.6 percent compared to the same month last year, against a forecast of a high of 2.5 percent in the previous week.

Canada's PIB grows slightly in September and outstrips consensus

noreply@blogger.com (Anonymous) — Fri, 01 Dec 2017 14:13:00 +0000

PIB do Canadá sobe 0,2% em setembro frente a projeções de ganhos de 0,1%

Canada's economy managed to pick up slight growth in September that surpassed expectations after facing a contraction in the previous month, official data showed on Friday.
In a report, Statistics Canada said gross domestic product (GDP) grew 0.2% in September from the previous month, exceeding expectations of an increase of 0.1% and better than the contraction of 0.1% in the month above.
In quarterly terms, Canada's economy grew at an annualized rate of 1.7% in the third quarter, compared to expectations that growth was 1.6% from 4.3% previously (percentage already revised for down from the reading of 4.5%).
Following the report, which was released simultaneously with the unemployment rate in the country in November, the USD / CAD pair was trading at 1.2800 from around 1.2878 before disclosure of the data.

PIB of the 3rd tri "may seem low", but shows strength between sectors, says Meirelles

noreply@blogger.com (Anonymous) — Fri, 01 Dec 2017 14:07:00 +0000

Finance Minister Henrique Meirelles said Friday that the advance of 0.1 percent of gross domestic product (GDP) in the third quarter "may seem low, but it is strong if analyzed by sectors."
In his Twitter account, the minister pointed out that without agriculture, which fell for seasonal reasons, growth was 1.1 percent. "The cumulative advance in the year to September is 0.6 percent, a number that already exceeds the economists' initial forecast for 2017. This shows that Brazil is on a growth path," he added.

Dollar has slight real swings with Social Security and BC

noreply@blogger.com (Anonymous) — Fri, 01 Dec 2017 14:00:00 +0000

The dollar was mildly wavering against the real on Friday after rising sharply for two trading sessions amid heightened concerns about the ability of the government of President Michel Temer to gain political support to pull welfare reform out of paper.
The return of the Central Bank to the foreign exchange market helped to contain bullish movements in this session.

At 11:19, the dollar was down 0.14 percent, to 3.2666 reais on the sale, after climbing 1.96 percent in the previous two sessions. The dollar futures had low light of 0.20 percent.
"The dollar is near a ceiling in a more pessimistic scenario, but it could go above 3.30 reais if the reform is postponed or the government throws in the towel," said Miriam Tavares, director of foreign exchange at AGK Corretora.

The news got more negative this week as the government struggled to get the support it needed to put the reform text on the ballot soon. Not less, the dollar jumped from the level of 3.20 reais to 3.27 reais in recent days.

The president of the Chamber of Deputies, Rodrigo Maia (DEM-RJ), had said that there were still many votes to reach the 308 needed to pass the Constitutional Amendment Proposal (PEC) in the House.

On Saturday, Temer will meet with the governor of São Paulo and likely future president of the PSDB, Geraldo Alckmin, to discuss the support of the toucans to the matter. The next day, the president will be the main guest of a dinner, to be promoted by Maia with leaders and presidents of parties in search of support.

The recent movement of the dollar against the real was contained in this session by the BC, which announced the resumption of currency swap auctions - equivalent to the future sale of dollars. There will be 14,000 contracts at this morning's auction, and if this pace is maintained and you sell all the lots per day during December, you will be able to roll over the whole January maturity of $ 9.638 billion.

The Central Bank did not operate in the market in the last two months because there were no swap maturities. In September, when it did the last performance, the BC rolled only 6 billion dollars out of the total of 9.975 billion dollars winning the following month.

Qualcomm files new patent infringement complaints against Apple

noreply@blogger.com (Anonymous) — Fri, 01 Dec 2017 13:49:00 +0000

Qualcomm said it has filed three new patent infringement claims against Apple, saying there were 16 more of its patents being used by the company on its iPhones.
The new claims on Thursday represent the latest development in a long-running dispute following Apple's lawsuit against Qualcomm on Wednesday alleging that Qualcomm's Snapdragon mobile chips infringe Apple's patents.

Apple declined to comment on the new cases, referring to earlier allegations in its filing on Wednesday that the company developed its own technologies and patents to power its iPhones.

In July, Qualcomm accused Apple of infringing several patents that help cellphones have a longer battery life.

The case followed a complaint in the International Commerce Commission seeking to ban imports of iPhones that use Intel chips due to alleged patent infringement.

Industry in Brazil has expanded the most in almost seven years in November and optimism improves, shows PMI

noreply@blogger.com (Anonymous) — Fri, 01 Dec 2017 13:44:00 +0000

Strong new business inflows accelerated Brazil's industrial activity expansion to the highest level in almost seven years in November, improving manufacturers' optimism for next year, according to the PMI survey, ) released on Friday.

IHS Markit reported that the PMI of the Brazilian industry advanced in November to 53.5, from 51.2 in October, "indicating a robust improvement in the sector's health." Reading above 50 indicates activity expansion.

Growth was registered in all three categories, with a notable performance among consumer goods.

The sharp recovery in new order volumes in nearly seven years underpinned industry expansion last month, with the contribution even from overseas markets.

As a result, production volume expanded at the strongest pace in almost five years, with companies responding to strong demand. This has led to hiring of staff, but at a modest rate.

At the same time, manufacturers bought inputs in November at the strongest pace since January 2013. Cost inflation reached a 17-month peak in November boosted by energy and basic commodities, which pushed prices up to the highest level. high since February.

IHS Markit also noted that manufacturers are projecting new economic improvements, new customer wins and product diversification, which has boosted optimism over production for the coming year. Thus, the level of optimism registered was the second highest since the beginning of 2012.

Citi changes Petrobras' recommendation for 'high risk buying'

noreply@blogger.com (Anonymous) — Fri, 01 Dec 2017 13:37:00 +0000

Citi altera recomendação da Petrobras para "compra de alto risco"

In a report released on Friday morning (1), Citi changed Petrobras' recommendation (SA: PETR4) to buy high risk, with the target price at R $ 21.50, and the closing of the asset was R $ 15.98.

The high risk is attributed to the commercial declaration of the Libra field, which could lead to a return of up to US $ 6.2 billion to the NAV of the state. The consortium's exploration of the field estimates a volume of 3.3 billion boe (barrel of oil equivalent) for the northeast part of the field.

On Monday (27) Petrobras announced to the market that it started production of the Libra block, located in the pre-salt of the Santos Basin. Production began on Sunday from the FPSO Pioneiro de Libra, a floating unit that produces, stores and transfers oil and natural gas.

The Libra consortium is led by Petrobras - with a 40% stake - in partnership with Shell (20%); Total (20%); CNPC (10%) and CNOOC Limited (10%). The consortium also counts on the participation of the state company Pre-Sal Petróleo SA (PPSA) as contract manager.

Fleury, Iguatemi and Magazine Luiza enter the first preview of the Ibovespa for January to April 2018

noreply@blogger.com (Anonymous) — Fri, 01 Dec 2017 13:35:00 +0000

Fleury, Iguatemi e Magazine Luiza entram em 1ª prévia do Ibovespa para janeiro a abril de 2018

The first preview of the Ibovespa portfolio that will be in force from January to April 2018 added three stocks and kept all other papers, according to data from B3 (SA: BVMF3).

The shares of Fleury (SA: FLRY3), Iguatemi (SA: IGTA3) and Magazine Luiza (SA: MGLU3) entered the first version of the portfolio. If these additions are confirmed, the Ibovespa will have 62 papers in its composition, compared to 59 in the portfolio that runs until the end of the year.

The weight predicted in the first preview for Fleury shares in the Ibovespa is 0.684 percent, while Iguatemi would hold 0.282 percent and Magazine Luiza is expected to account for 0.327 percent.

Itaú Unibanco (SA: ITUB4) PN, with 10.678 per cent, followed by Vale ON (SA: VALE3) and Bradesco (SA: BBDC4) PN, with 8,451 and 8,142, were the three most important shares for the first four months of 2018. percent, respectively.
Ambev (SA: ABEV3) ON and Petrobras PN (SA: PETR4) appear in the sequence, with interests of 6,942 and 5,396 percent, respectively.

A second preliminary announcement will be announced at the next session on December 15 and a third version will be released on the last trading day of the portfolio.