Real estate funds break the record in Brazil, grow 25% in 2019, and raise R$ 32.5 billion until November of this year

The year 2019 represented a milestone for the real estate funds market in Brazil. The volume of new issues, the largest in history according to Anbima (Brazilian Association of Financial and Capital Markets Entities), reached R$ 32.5 billion until November, more than double the previous record of R$ 16.1. billion, launched in 2011, or of R$ 16.1 billion by 2018. According to the Valor Investe website, the Brazilian Securities Commission (CVM) still has R$ 2.9 billion, in 12 offers, under analysis.

According to the Valor Investe website, to date, IFIX, the index of real estate funds traded on the Brazilian stock exchange, has appreciated 25%. There are more than 200 FIIs traded on B3, although the Brazilian Securities and Exchange Commission (CVM) has registered about 478 funds that together add up to R$ 121 billion in equity, according to a bulletin released by B3 in November.

Retailers lose value at Bovespa (B3) after Amazon Prime launches in Brazil; Shares of B2W (BTOW3), Lojas Americanas (LAME4), and Magazine Luiza (MGLU3) fall

There is a scenario of short-term pressure on the Brazilian Stock Exchange related to Brazilian retail companies. With the start of Amazon Prime direct sales in the country, stocks of Brazilian retailers were the worst performers of the benchmark index of the Brazilian stock market, the Ibovespa.

B2W, Lojas Americanas, and Magazine Luiza were among the biggest losses yesterday. Today this scenario can be repeated. Therefore, the launch of Amazon Prime will bring volatility to the stocks of e-commerce companies in Brazil in the short term.

Amazon Prime came to the Brazilian retail market offering free shipping, movies, and music for $ 89 a year or $ 9.90 a month. Which will give you access to Prime Video, Prime Music and Twitch Prime.

What most stood out in the media was the announcement of free delivery of Amazon Prime to the capitals of the Southeast and South of Brazil, as well as Brasilia and Goiania. Amazon will also offer express shipping at no additional charge from 2 business days, with no minimum purchase value, for products sold under the Prime seal.

The financial market in Brazil closes down for the second day in a row; Ibovespa (IBOV), B3's main index, falls below 100,000 points

The Ibovespa closed down today. The index closed the day at 99.056 points, but the drop during the day reached the level of 2%. However, at the end of the day, the index fell 1.2%.

The day on the Bovespa was marked by investors selling stocks and looking for safer assets. It was a flight to quality movement.

Global risk aversion, fearing a new economic recession, has forced the Brazilian Central Bank, for the first time since the 2009 crisis, to announce that it is going into cash to control the rise in the US currency. The Brazilian Central Bank has also announced that it will offer foreign exchange swap contracts.

Today, at an event promoted by BancoSantander in São Paulo, the Minister of Economy, Paulo Guedes, minimized global economic adversity. He said that he had no fear of being swallowed by the international market and that Brazil did not need Argentina to grow its economy.

In fact, the crisis in Argentina has affected and continues to affect the Brazilian economy. Guedes's phrase shows a mixture of arrogance and unpreparedness for the post of Minister of Economy.

The crisis in Argentina, Brazil's third-largest trading partner, affects everything from the Brazilian tourism industry to bus, beer and steel companies. To say that Brazil does not need Argentina is to ignore how the Brazilian economy works.

Yesterday, after a very bad day in the Brazilian financial market, Bovespa (B3) starts today with a strong position adjustment movement; Goldman Sachs sees Brazil as a more "defensive" market

International financial markets yesterday showed strong turmoil in the face of the biggest fears of a global recession, after weak economic data in Germany and China mainly. This also happened in Brazil.

The Ibovespa, the main index of the Brazilian stock exchange, was affected: it fell by 2.94% to 100,258.01 points. The high of the US currency is the largest since March 27, reaching R$ 4.

Among the main casualties, Petrobras (BOV: PETR4) and Vale (BOV: VALE3) retreated above 2%. Kroton (BOV: KROT3) led declines by over 7% after the company's quarterly results were below expectations, according to Reuters.

Brazil should already be at the rate of stronger economic growth in order to face this scenario of a possible global recession. In fact, Brazilian families are not consuming because unemployment has risen. In addition, debt levels in Brazil are very high.

Despite these and several other negative indications about the Brazilian economy, Goldman Sachs said in a report that the bank is "more optimistic about the Brazilian stock market, followed by local exchange and interest rates and a little less positive about sovereign credit". 

After assessing the performance of Brazilian assets in recent weeks, which were particularly bad for emerging markets, Goldman Sachs assessed that Brazil is becoming a more “defensive” market. 

According to the bank, the contagion of the crisis in Argentina occurs more to a lesser degree, as a result of which Goldman Sachs believes that Brazil, which has resisted a scenario of slower global growth and problems in Argentina, should present assets with better performance than the other than your peers.

With a profit of r$ 2.6 billion, Ambev (ABEV3) rises almost 8% and leads Ibovespa highs

Ambev, the largest Brazilian producer of beverages, increased net income in the second quarter of 2019 by 8.5% over the same period in 2018. The excellent performance was due to the reduction in the company's financial expenses, according to the balance released today ( July 25, 1919).

In the first trades on Thursday morning at Bovespa (B3), Ambev (ABEV3) shares are trading with a strong 8.30% appreciation at R $ 19.45, leading the Ibovespa gains.