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BRASILIA, Jan 22 (Reuters) – Brazil will add the Trans-Amazonian Highway to the list of projects for privatization, its infrastructure minister said on Tuesday, seeking new investment to pave a roadway that has already been blamed for deforestation.

The government also plans to sell to investors a concession to run BR-163, a key northern route for shipping Brazilian grains, adding it along with the Trans-Amazonian to a priority list for privatization at a meeting next month, Infrastructure Minister Tarcisio Freitas told Reuters in an interview.

By Jake Spring via CNBC

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Sales of Brazilian soybeans for the 2017/18 harvest reached 99% of production expected until the last day of January 18. The percentage is above the 94% recorded in the same period of the previous harvest and is also higher than the previous record of 98% observed in 2013 and 2015, highlight data from the DATAGRO Consulting.

“In addition to the supply being brought to an end, the expected fall in prices occurred in general, keeping producers’ sales interest loose,” says DATAGRO grain analyst Flávio Roberto de França Jr.

By DATAGRO

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Brazilian markets are off to a strong start in 2019. And while worries about much needed structural reforms remain, a market-friendly government and supportive fundamental backdrop could make this year a doozy, according to bullish analysts.

The year is still young, but so far the real USDBRL, +0.0107%  has gained 3.8% against the U.S. dollar, while the popular Bovespa stock index BVSP, +0.78%  has rallied more than 9%. In dollar terms, the Bovespa is up 12.4% so far this month, versus a 6.6% rise for the S&P 500 SPX, +1.32% according to FactSet.

Just last year, Brazil’s contentious presidential election and worries about much needed structural reforms to shore up the country’s fiscal health curbed investor enthusiasm. Economists say the reforms are still needed, but sentiment seems increasingly supportive even before outspoken newly elected President Jair Bolsonaro takes the stage at the World Economic Forum in Davos, Switzerland, next week.

By Anneken Tappe via Market Wacth

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Jan 18 (Reuters) – Brazil’s benchmark stock index reached an all-time high on Friday on positive investor sentiment about the new government’s pension reform plans and U.S.-China trade talks, while Latin American currencies steadied against the U.S. dollar. The Bovespa, one of 2018’s top performing indexes across the globe, hit a record high, crossing the 96,000 mark as investors hoped the new government’s pension reforms plans may be revealed earlier than expected.

By Agamoni Ghosh via CNBC

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The US $ 58.7 surplus recorded by Brazil last year is a result of increased imports from China, as well as increased international demand for Brazilian commodities. The data are from the Foreign Trade Indicator (Icomex) of January released today (17) by the Brazilian Institute of Economy of the Getulio Vargas Foundation (Ibre-FGV).

By DATAGRO

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The financial market remains optimistic with its forecasts for economic growth in 2019. According to the latest edition of the Focus Bulletin, released by the Central Bank on Monday (January 14), analysts are predicting Brazil’s Gross Domestic Product (GDP) will grow 2.57% this year, up from the previous 2.53%.

By BrazilGovNews

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The marketing of hydrated ethanol continues to be heated in the domestic market. Biofuel sales totaled 858.11 million liters in the second half of December, an increase of 26.57% over the volume traded in the same period of 2017 (678.00 million liters), according to data from the Cana- of Sugar (UNICA).

Considering December sales, sales also increased, registering 1.79 billion liters, an increase of 25.26% over December 2017 (1.43 billion liters). “This volume, a record for a month in December, is due to the maintenance of biofuels’ competitiveness against gasoline in the domestic market. This is the beginning of the most advantageous year for ethanol in this decade “, points out UNICA.

By DATAGRO

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Brazil’s outgoing central bank President Ilan Goldfajn told Swiss newspaper Le Temps that conditions remain in place for strong economic growth, while he warned against inflated expectations under the country’s new populist government.

“The expectations are now very high in Brazil,” Goldfajn said in an interview with the French-language newspaper ahead of an address at the International Center for Monetary and Banking Studies scheduled for Tuesday in Geneva.

By Andy Hoffman via Bloomberg

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Brazil stocks have been rallying since Bolsonaro’s presidential victory in October last year. The most popular Brazilian ETF, iShares MSCI Brazil ETF EWZ rose 13.3% in the fourth quarter of 2018. Brazil’s Bovespa index gained about 10.8% in the same time frame. Jair Bolsonaro was sworn in as Brazil’s president on Jan 1.

EWZ has continued its strong run this year by returning 12.5% in the year-to-date time frame (as of Jan 9). This indicates market participants faith in the newly elected president’s ambitious agenda.

By Zacks Equity Research via Nasdaq

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