FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Bolsonaro Seen Extending COVID Aid

BRAZIL
  • Sourced reports suggest Brazilian President Bolsonaro is considering extending recent COVID aid packages to include a new cash handout to low income families in another step seen combating his low popularity rating. The move is seen as a bridging measure to cover the gap before a more permanent program can be approved. Economy minister Guedes has so far not passed a solution in Congress to approve an expansion of Bolsa Familia that doesn't clash with public expenditure rules.
  • Budget balance data is the highlight Tuesday, with July figures expected to show a deficit of BRL 16bln. Unemployment rate data is seen improving to 14.4% from 14.6%. Data is due at 0930 local time (1330BST/0730ET).
  • The BCB's regular FX swap operation is due at 1130 local, with auctions of the 2024, 2028 and 2040 linkers also on the docket.
  • The Special Secretary to the Economy Ministry holds a press conference on Brazil's 2022 budget at 1500 local time (1800BST/1400ET).
  • USD/BRL finished the Monday session at the lowest levels since August 11th, with the pair creeping closer to support at the 5.1679 50-dma.
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.