Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : The Brazil Board -- Ignore unavailable to you. Want to Upgrade?

To: aknahow who wrote (1699)	8/8/2017 5:08:16 AM
From: elmatador	Respond to of 2508

Emerging markets come back Your “springboard” guide to current market concerns, presented in a logical and concise manner, with direct links to more details. EM and global growth Share buybacks dropping US corporate debt issuance Buying US shares on margin Further weakness for the US dollar?

To: aknahow who wrote (1699)	1/14/2018 9:09:16 AM
From: elmatador	1 Recommendation Recommended By aknahow Respond to of 2508

Why commodity prices are surging The strong performance of the global economy finally has an impact The Economist explains Jan 11th 2018by M.J. THE strong performance of the world’s economy is finally filtering into commodity prices. Last year will probably turn out to have been the first year since 2010 in which growth accelerated in each of America, Europe, China and Japan. And Brent crude oil, copper and a Bloomberg composite index of spot prices for 22 raw materials are all at their highest levels since November 2014. But if global demand has been picking up for several quarters, why has it taken this long to become evident in commodity prices? And more importantly, how sustainable is the rally? The delay in the price increases is the easiest part to explain. Years of strong production of oil, base metals and grains left the global economy with huge surpluses. Stockpiles of oil reached a record high in November 2015, according to the International Energy Agency. OPEC, the oil cartel, agreed to restrain production in order to drain the surpluses and eventually put prices under upward pressure. China also applied the same principle to certain sectors. In 2016 it cut the number of working days for coal miners from 330 to 276, and cut its steel output by 65m tonnes. These measures appeared to have little effect at first, but now that strong demand has eaten into those reserves, prices are rising. The rally’s likely length is trickier to assess. The short-term outlook for the global economy is highly encouraging. The American economy continues to create jobs at a rapid rate, and businesses there are confident about the probable impact of President Donald Trump’s tax cuts. European manufacturers are also buoyant. The Chinese economy proved so resilient to tighter credit conditions in 2017 that some of those capacity cuts were reversed. Furthermore, other emerging markets that have struggled in recent years, notably Russia and Brazil, are growing again. It appears likely that the global economy will grow as quickly in 2018 as it did in 2017. This will generate higher demand for commodities. But in the longer term, prices may weaken. After all, oil prices have only risen above $60/barrel thanks to OPEC’s emergency production-cutting measures. When the agreement ends at the end of the year, and the cartel’s members are again allowed to pump at will, supply will jump and prices will fall. And if OPEC’s strategy proves more successful than expected and prices continue to climb, then American shale producers will drill faster to exploit greater profitability. China can continue to unwind its capacity cuts or invest in new, greener production if prices become too hot. In agricultural markets, there are no cartels like OPEC to bring producers together to negotiate output cuts. Consequently, excellent recent harvests of the most widely consumed grains and seeds—wheat, maize, soybeans—have kept a lid on prices. And stocks are still bulging, so any price increases arising from freezing weather across North America at the beginning of 2018 will be temporary. Even after years of commodity producers limiting their output to support prices, they should be wary of loosening their belts too quickly. Correction (January 11th 2018): Chinese steel output was not cut to 65m tonnes in 2016 as originally stated. It was cut by 65m tonnes.

To: aknahow who wrote (1699)	1/23/2018 11:49:57 AM
From: elmatador	1 Recommendation Recommended By aknahow Respond to of 2508

Brazil expects to see upwards of 3 percent gross domestic product (GDP) growth in 2018, Brazilian Finance Minister Henrique Meirelles told CNBC Tuesday, a figure that flies in the face of the International Monetary Fund's (IMF) forecast of 1.5 percent. Speaking at the World Economic Forum in Davos, the head policymaker for Latin America's largest economy explained why he thought the IMF's forecast was wrong. The numbers have been revised every day, or every week, or every month by the IMF in general," the finance minister said. "The market has moved steadily up, around 2.85 today. In our case we have been leading the market last year, we have this forecast that is going to happen, which is about 1.1 percent for 2017, and we think this year it's going be around 3 percent or higher." https://www.cnbc.com/2018/01/23/brazil-believes-its-growth-rate-will-be-double-the-imfs-forecast.html

To: aknahow who wrote (1699)	2/2/2018 10:09:29 AM
From: elmatador	Respond to of 2508

Brazil's Embraer accepts Boeing offer to form commercial jet joint venture: Globo SAO PAULO (Reuters) - Boeing Co ( BA.N) and Brazilian planemaker Embraer SA ( EMBR3.SA) will create a third company to oversee a joint venture for commercial jets, Globo TV’s top economic correspondent reported on Friday, without citing her sources. Miriam Leitao reported on her blog that Embraer had accepted Boeing’s proposal to form a third company, and that the new entity would not involve Embraer’s military division. An Embraer spokesman said the company did not have an immediate comment. Emails to Boeing in Brazil were not immediately returned. A spokesman for Brazil’s Defense Ministry said it had no immediate comment. Embraer’s shares rose 5 percent in midday trading following the report. The Boeing Company logo is projected on a wall at the "What's Next?" conference in Chicago, Illinois, U.S., October 4, 2016. REUTERS/Jim Young Brazil’s government has made it clear that it would never accept any deal between Boeing and Embraer if the latter’s control over its military division were weakened in any way. Boeing’s proposed tie-up with Embraer, the world’s third largest planemaker, would give it a leading share of the 70- to 130-seat market and create stiffer competition for the CSeries program designed by Canada’s Bombardier Inc ( BBDb.TO) and run by European rival Airbus SE ( AIR.PA) since last year. BA.NEMBR3.SABBDb.TOAIR.PA The Brazilian government holds a golden share in Embraer giving it veto power over strategic decisions involving military programs and any change in its controlling interest. Boeing would be willing to preserve the government’s golden share in Embraer, the people familiar with the matter said, but that may not be enough to win support. Reporting by Brad Brooks; Editing by Daniel Flynn and Phil Berlowitz

To: aknahow who wrote (1699)	4/9/2018 4:01:43 PM
From: elmatador	1 Recommendation Recommended By aknahow Respond to of 2508

Brazilian Agribusiness Assesses Gains from Trade War between U.S. and China 04/06/2018 - 10H57 Brazilian economy sectors whose products were affected by higher taxes imposed by China on American goods are still calculating their gains. The internationalization of agricultural companies, operating in virtually all countries and which will redistribute their goods, should reduce such advantage. Soybean exporters are expected to prioritize the shipping of goods from South America to China, and to export soybean from the US to Europe. A second point to be considered is the large export capacity of the US, which Brazil will not be able to replace. This trade fight will benefit cotton producers, but Brazil will not replace the US, the largest exporters in the world. The Chinese surcharge on cotton improves Brazil's situation for now and may contribute to the country's goal of increasing its production within five years, according to the producers' association. Regarding orange juice, the impact should be minimum, seeing Brazil is the largest exporter of the product in the world and such US exports are limited. In the ethanol sector, local taxation may increase competitiveness of the Brazilian product despite the surcharge on American goods, according to the sugar cane industry association. The meat sector should benefit mainly from pork exports, in view of the fact that the Chinese market already had restrictions for poultry and cattle.