Nuclear energy settlement turns over $209 mm

The financial settlement of nuclear energy quotas and physical guarantee and power in January 2021 turned over some R$ 1.15 billion ($209 mm). The financial settlement of nuclear energy is the operation by which distributors apportion the production of Angra I and II plants. The January operation, which involved 48 distribution companies, was 100% compliant, involving R$ 263,115,768.45 ($48 mm).

Source: Canal Energia

State Companies recover $7.2 bn

The state-owned companies gained strength and recovered part of the losses of recent days, shows survey conducted by Economática. The companies totalled R$ 39.6 billion ($7.2 bn) in gains in market value. Eletrobras took off 10.81%, while Petrobras preferred shares rose 12.17% and common shares soared 8.96%. Banco do Brasil, another one hit by the Bolsonaro government’s political meddling crisis, jumped 6.92% to R$30.43 ($5.5).

Source: Money Times

Ipea revises projection for IPCA from 3.5% to 3.7% in 2021

The Institute for Applied Economic Research (Ipea) revised from 3.5% to 3.7% its projection for the Broad Consumer Price Index (IPCA) in 2021. With commodity prices remaining high, Ipea revised its expectation for food prices to rise this year from 3% to 4.4%. The variation of other free goods advanced from 2.7% to 3.0% and administered prices rose from 4% to 4.5%.

Source: Valor Investe