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).
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.
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.
Licenses for cars, light commercial vehicles, trucks and new buses in Brazil fell about 76% in April over the same month of 2019, to 55,700 units, Fenabrave, an association representing dealers, said on Monday. In comparison with March, the decrease was 66%, said the entity.
Soy exports from Brazil reached a monthly record of 16.3 million tons in April, compared to 9.4 million tons in the same month last year, according to data from the daily average of shipments published on Monday (4 ) by the Foreign Trade Secretariat (Secex).
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.
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 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.
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.
The sharp drop in demand and the loss of revenue due to the coronavirus started a wave of renegotiation of concession contracts. The alternatives range from extending the term of the concessions to adjusting the tariff. Social isolation caused a drop of up to 98% in passenger movements at airports; highways lost, on average, 30% of revenues; and urban transport fell by up to 70%.