All Souls' Day closes branches in five municipalities and the market looks to Focus and Copom
According to O Antagonista, the banking restriction is local, while the Focus Bulletin and the Copom meeting focus investors' attention this week.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM O ANTAGONISTA · 2 MIN
The All Souls' Day holiday ended on Monday, November 2, but its effects still appear on Tuesday, 3. According to O Antagonista, agencies in five municipalities do not have in-person service on that day because of municipal holidays: two in Ceará, one in São Paulo, one in Pernambuco and one in Goiás. The picture is, therefore, much more restricted than the headline suggests.
In the second, the situation was different. Branches were closed across the country, and B3 also did not operate, according to InfoMoney, which recalls that trading resumes on Tuesday. The banking calendar follows the Febraban reference, according to O Antagonista.
For those who depend on automatic services, the routine continues. Pix operates 24 hours a day, including weekends and holidays. Invoices and bills due on a holiday, as a rule, can be paid on the next business day without surcharge, as long as the holiday is recognized in the locality. Febraban recommends anticipating taxes and obligations that have their own due date rules.
In Social Security, the INSS resumes October payroll payments on Tuesday. According to Exame, anyone who receives a benefit of up to one minimum wage has the deposit at end 6, while ends 1 and 6 apply to benefits above this amount.
The topic that most moved the economic news came over the weekend. According to Money Times, André Lara Resende, economist and formulator of the Real Plan, proposed a new formula to define the Selic, with a “ceiling” based on inflation and growth. Operators read the suggestion as a possible interest rate adjustment, and the proposal displeased investors.
Context is sensitive. According to InfoMoney, this Tuesday's Focus Bulletin is the first after Lula's re-election, and the expectation is for a sharp worsening of projections. The Copom meeting starts on the same day, and the decision comes out on Wednesday, November 4th. Money Times points out expectations of maintaining the Selic rate and pausing cuts. At the close of Thursday, October 29, Copom options on B3 indicated maintenance at around 70% and a cut of 0.25 percentage points at around 30%, according to InfoMoney.
What changes for the investor
This text does not provide a purchase or sale recommendation or price forecast. What the data collected suggests is a test of confidence on two fronts. If Focus confirms the worsening of projections and Copom maintains the Selic, the interest rate market tends to react to the tone of the communication, especially to any signal about the idea of a ceiling. For those who operate the stock market, Nasdaq or the dollar, it is worth monitoring how the Central Bank and analysts will respond to Lara Resende's proposal, because the perception of interference in interest rates usually weighs on risk pricing. The banking calendar has limited operational effect: Pix remains active and the rules for due dates on holidays are known.
Automatically translated from Portuguese.
