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April Industrial Output Data Due

BRAZIL
  • April industrial production likely fell 0.2% after a 1.1% rise in the prior month. Expectations are for the annual read to show a 1.7% drop. Brazilian Statistics Institute are scheduled to release the data at 1300BST/0800ET. Brazil development bank BNDES holds press conference with CEO Aloizio Mercadante at 12:30pm local time.
  • The government program to make cars cheaper has been redesigned and has already received approval from President Luiz Inacio Lula da Silva, said the Finance Minister Fernando Haddad on Thursday to journalists in Brasília. Haddad added that Lula will make the program’s announcement.
  • President Lula will appoint the lawyer who helped his political comeback to a seat on Brazil’s Supreme Court. Cristiano Zanin previously headed up Lula’s defence team. His name will be submitted to senators, Senate President Rodrigo Pacheco told reporters on Thursday.

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