Details of the spending cuts will be given today; in the United States, it is Microsoft | BDM

Details of the spending cuts will be given today; in the United States, it is Microsoft | BDM
[30/07/24] GDP/2Q results from the euro zone and several European countries start the day, followed by the Jolts report on June job openings in the United States (11 am).

On the balance sheet calendar, NY awaits Microsoft after the close, and Apple, Amazon and Meta later this week.

Here, investors review the results of Telefonica Brasil (VIVO) and CCR, which came out last night, in addition to Petrobras’ production and sales reports.

Today there is Clabin before the open and Tim, Enauta and 3R Petroleum after the close. Among indicators, the July IGP-M (8 a.m.) should show growth slowing and Caged (2:30 p.m.) should show more formal jobs created in June.

In Brasilia, the presidential decree detailing the R$15 billion cut should be issued only this afternoon. (Rosa Riskala,

See today’s agenda below

Indicators
▪️ 05:00 – Germany: GDP/2TRI
▪️ 05:00 – Italy: 2QR GDP
▪️ 05:30 – Portugal: 2QR GDP
▪️ 06:00 – Eurozone: 2QR GDP
▪️ 08:00 – FGV: July IGP-M
▪️ 09:00 – Germany: July preliminary CPI
▪️11:00 – US: June jolts employment report
▪️ 11:00 am – USA/Conference Board: July Consumer Confidence
▪️ 2:30 pm – June Caged
▪️ 10:30 pm – China: Official composite PMI for July

events
▪️The presidential decree detailing R$15 billion in spending cuts should be issued this afternoon
▪️ 10:00 am – First part of the two-day COPOM meeting

Balance sheet
▪️ NY/Morning: Procter & Gamble
▪️ NY/Night: Microsoft and Advanced Micro Devices
▪️ B3/Morning: Clabbin
▪️ B3/Night: 3R Petroleum, Enauta and TIM

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About the author: Cory Weinberg

"Student. Subtly charming organizer. Certified music advocate. Writer. Lifelong troublemaker. Twitter lover."

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