TUNE IN EVERYDAY - JUNE 30, 2021
BRAZIL: INTEREST AND FEES ARE ON THE RISE WITH POLITICAL TENSION AND CORRUPTION REPORTS
Rates on futures interest contracts opened high as investors reacted to the persistent political tension in Brasilia over the CPI of the pandemic and the emergence of new allegations of corruption involving government representatives in negotiating the purchase of vaccines.
Market participants are also reacting to the hefty readjustments imposed on electricity bills, which should increase inflation pressure on local assets.
At around 10 am, the DI for January 2022 had a rate of 5.62%, from 5.60% in the previous adjustment 6.94% from 2027 had a rate of 8.48%, from 8.42%, in the same comparison . in the market of exchange rate, the dollar in cash operated at an increase of 0.7%, quoted in the range of R$ 4.97.
In the political field, the last session of the first half of 2021 should be impacted by the progress of the CPI on the pandemic. Today, senators hear the businessman Carlos Wizard, suspected of being part of a "parallel cabinet" that advised President Jair Bolsonaro to take admittedly ineffective measures to fight the pandemic. In addition, the CPI must be extended for another 90 days.
The new corruption allegations involve the negotiation of contracts for the purchase of vaccines by the government. An executive in the pharmaceutical sector told Folha de S. Paulo that a director of the Ministry of Health offered him a bribe of US$ 1 per dose for the purchase of 400 million doses of the immunizing agent produced by AstraZeneca. Upon publication of the complaint, Luiz Paulo Dominguetti, a salesperson at Davati Medical Supply in Brazil, should be heard at the CPI on Friday.
In the assessment of the Ajax Capital team, the flow of news about President Jair Bolsonaro's reaction to the pandemic continues to cause wear and tear on the government, which yesterday suspended the purchase of Covaxin after allegations of overpricing in the field process.
For the managing partner of TAG Investimentos, Dan Kawa, the CPI of the Pandemic is becoming increasingly complicated for the government. "There are still no concrete or public evidence of these accusations. The president has not yet been taken, totally, to the center of this new accusation", he says. However, "if on the one hand there is space for the president to distance himself from the new accusations, on the other the CPI helps to weaken the Executive's situation, making its most politically fragile position," warns Kawa.
With information Ricardo Gozzi / CMA Agency.
Image: Reproduction/Internet.
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