Unemployment, Eurozone GDP and Vale's balance sheet guide this Friday's trading session
Agenda brings together data from the Brazilian labor market, indicators from Europe, Aneel's tariff flag and the repercussion of Vale's balance sheet.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM INFOMONEY · 3 MIN
Friday, October 30th, arrives on the market with an agenda full of indicators. According to InfoMoney, the domestic highlight is the Continuous Pnad for September, which measures unemployment, while Europe releases the GDP for the third quarter and the unemployment rate for the same month. Among the highlights of the day is also the repercussion of Vale's balance sheet.
In Brazil, InfoMoney points to a forecast occupancy rate of around 5.2% in Pnad, a value close to that observed in recent months. The reading is in continuity with the recent situation. Exame adds data on the country's labor market and public accounts to the agenda, which expands the focus on fiscal health beyond employment.
Still in the domestic field, Aneel defines this Friday the tariff flag that will be in force in November, reports InfoMoney. As it is an indirect adjustment to the electricity bill, the decision reaches families' pockets and companies' production costs, which makes it relevant to inflation.
In the Euro Zone, the forecast for GDP in the third quarter is an increase of 0.2% compared to the previous quarter, according to InfoMoney. The September unemployment rate comes out on the same day. According to Exame, the European agenda also brings together activity and inflation indicators, pieces that help measure the pace of the bloc.
In the United States, Exame lists employment cost data for the session. Added to the European and Brazilian numbers, these indicators form a portrait of the job market on three fronts, and Vale's balance sheet is the main corporate event of the day, with repercussions cited by InfoMoney.
What changes for the investor
For those who invest in the stock market, interest rates and the dollar, the combination of employment and activity data usually guides expectations about the pace of the economy and the trajectory of interest rates. A job market that remains firm or loses strength changes the reading on inflation and monetary policy, an effect that is reflected in the exchange rate and in companies that are more sensitive to credit. Vale's balance sheet provides information about the mining company that should be read carefully before making any decision. In the editorial view of The This material does not constitute a recommendation to buy or sell assets.
Automatically translated from Portuguese.
