Foreign investor takes $ 7.93 mm in April on the Brazilian stock exchange

Foreign investors entered liquidly with R$ 695.9 million ($ 127 million) from the secondary segment of B3 on April 29. Individual investors withdrew R$ 1.01 billion ($ 185 million) on the same day and institutional investors entered with R$ 368 million ($ 67 million). In the month, the balance of foreign investors was negative by R$ 4.36 billion ($ 7.93 million). In the year, the output totals R$ 68.69 billion ($ 12.5 billion).

Export of Ore from Brazil grows 28% in volume in April

Brazilian exports of iron ore and concentrates grew 28% in April, compared to the same month last year, totalling 24 million tons, pointed out data released on Monday by the Secretariat of Foreign Trade. The price of ore, in turn, grew 10.7% in April, compared to the same period in 2019, to $ 67.2 per ton.

Itaú’s profit declines 49.3% and reaches $ 619 bn in the first quarter

Banco Itaú reported on Monday (4) that it recorded net accounting profit of R$ 3.401 billion ($ 619 billion) in the first quarter of 2020. The result represents a decrease of 49.3% compared to the same period of the previous year. The bank’s recurring net income, which excludes extraordinary factors in the fiscal quarter, totalled R$ 3,912 billion ($ 712 million), an amount 43.1% below that recorded in the first quarter of 2019.

Brazilian Senate approves bailout of $ 22 bn to states and municipalities

The Senate approved on Saturday (2), with 79 votes in favour and only, on the contrary, a financial aid of R$ 125 billion ($ 22 billion) to states and municipalities to combat the effects of the pandemic of the covid-19. The amount, provided for by the Federative Program for Confronting the Coronavirus (PLP 39/2020), includes direct transfers and debt suspension. The proposal will allocate R$ 60 billion ($11 billion) in four monthly instalments.

E-commerce gains 4 million new customers in the pandemic and accentuates physical retail crisis

Forced to close their doors by the coronavirus, Brazilian retailers increased their presence in e-commerce in a few weeks. Consumers, prevented from taking to the streets, bought 30% more on the internet in April compared to March. The figures are from the Brazilian Electronic Commerce Association (Abcomm), which observed a jump in the virtual sale of toys (400%), sporting goods (200%) and cosmetics (80%).

With unemployment, number of micro-entrepreneurs rises 12.6% in the first quarter

With high unemployment in Brazil, the number of micro-entrepreneurs continued to grow in the first quarter. The number of MEIs (Individual Microentrepreneurs) rose 12.6% in relation to the same period of the previous year. In the other categories, there was a decrease of 5.8%. MEIs represented 81.7% of the cases of company openings in the first quarter. The survey shows that the Services sector represented 62.5% of openings in the period.

Coronavirus crisis can take up to $ 90 billion from consumption

The coronavirus crisis can take up to $ 90 billion from the pockets of Brazilians this year. The retraction will lead to reduced demand and production in several sectors, undermining the strength of the post-pandemic recovery. Areas such as tourism and transport already feel the contraction in demand but based on the drop-in consumption observed in other crises, the tendency is for the decline to spread to other segments, even in the food sector.