5 fatos principais do mercado nesta sexta-feira
1. Dollar under pressure with obstacles to tax reform
The dollar recorded volatile trading around the unchanged mark, wavering between losses and gains as it attempted to break what could be a follow-up to three days of declines after the US Senate adjourned the vote on the tax reform bill until Friday as negotiations for a majority were stalled.
The exchanges reacted positively to reports that Senator John McCain offered support for the legislation, with US Treasury yields reaching a five-week high, but caution should reign on Friday as market participants waited for the ruling .
Markets have been closely monitoring the progress of the tax reform with several major corporations, including Cisco Systems (NASDAQ: CSCO), Coca Cola and Pfizer (NYSE: PFE), and stated that the benefits of reducing the corporate tax rate will be passed on to shareholders. Economists are skeptical that the changes will have a major impact on the economy.
At 0900, the dollar index, which measures the strength of the currency against a weighted basket of six major currencies, rose 0.06% to 93.03.
2. Attention to Fed speeches and industrial activity
In addition to the progress of the tax reform, dollar investors will be very attentive to the continuing feedback flow of Federal Reserve policy makers.
James Bullard, chairman of the St. Louis Fed, will speak on monetary policy and the US economy at 12:05 p.m. on Friday.
Robert Kaplan, the Dallas Fed chief, will attend a question and answer session at a symposium at 12:30 p.m. On Thursday, Kaplan expressed his view that the Fed should move forward with the next increase in interest rates in the near future given the positive conditions in the labor market.
Patrick Harker, president of the Philadelphia Fed, will speak on "inclusive economic growth" on Friday at a forum at 1:15 p.m.
Also on Friday's economic calendar, the ISM's purchasing managers' activity index (PMI) in November and construction spending in October will be released at 1:00 p.m.
3. Caution leaves global stock markets apprehensive
Global stock markets were mostly down on Friday as the US futures market pointed to a bearish opening. After the S & P closed at record highs and the Dow surpassed the 24,000 mark for the first time on Thursday, investors began to take a more cautious stance as they waited for the Senate to move ahead with the tax reform. At 09h02, the Dow's blue chip futures index declined 98 points or 0.40%.
S & P 500 futures were down 15 points, or 0.56%, while the Nasdaq 100 futures fell 55 points or 0.87%.
Across the Atlantic, financial sector papers fell after the postponement of the US tax reform vote to halt a rally in the industry, also leading regional benchmarks to begin with a step back in December. Both the Euro Stoxx 50 benchmarks and the German DAX fell more than 1% at 09:04, although the FTSE 100 reported lower losses, around 0.4%.
4. Oil continues higher monthly earnings sequence since 2016
Oil prices began December with solid gains on Friday following a three-month run of record highs, the longest running since the beginning of 2016.
The upbeat trend continued after the Organization of Petroleum Exporting Countries (OPEC) and countries outside the organization, led by Russia, met market expectations and agreed to extend the supply cuts from March 2018 until the end of next year.
Oil rose about 17 percent since the last time producers held an official meeting last May with major oil producers now without another round of talks scheduled until June.
Khalid al-Falih, the Saudi energy minister, said inventories are expected to fall to desired levels in the second half of 2018, although he has admitted that production in other areas, such as shale oil production in the US, would remain unknown.
In this way, market participants will be watching the latest data from Baker Hughes' weekly probe count, which will be released later this Friday.
At 9:05 am on Friday, US oil futures rose 0.66% to $ 57.78, while Brent oil rose 0.83% to $ 63.18.
5. Industrial activity in Europe rises to a maximum of 17 years.
Prior to ISM's industrial PMI in the US, euro zone production lines grew at their fastest rate in 17 years in November. Led by Germany, the region's main index reached 60.1 last month, the second highest level ever recorded after April 2000.
The UK reading also showed strongest growth in four years in November. British industrial PMI rose to 58.2 last month, exceeding expectations of a reading of 56.5 and boosting optimism with the UK economy.
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