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

BRAZIL: August IPCA Inflation Due At 1300BST

BRAZIL
  • Following the substantial 75bp increase in analyst 2024 year-end Selic rate expectations yesterday, USDBRL closed 0.26% lower at 5.5849. The Focus survey results added to various calls for rate hikes in Brazil, perhaps coming as soon as the Sept 18 Copom meeting. USDBRL bullish trend conditions remain intact and supports of note reside at 5.5262, the 50-day EMA and the key level at 5.3768, the Aug 19 low.
  • Today IPCA inflation data for August are expected at 1300BST(0800ET), with the market looking for the headline rate to fall back to 4.27% y/y, from 4.50% previously. In m/m terms, prices are expected to edge up by 0.01%, following a 0.38% gain in July.
    • Aug. IBGE Inflation IPCA YoY, est. 4.27%, prior 4.50%
    • Aug. IBGE Inflation IPCA MoM, est. 0.01%, prior 0.38%
  • JP Morgan expects core inflation to moderate in August. After a spike in July, they see the monthly change of core prices falling back within the target range, driven by a softening of core services, particularly labour-intensive services. Itaú also sees underlying services inflation decelerating to 5.8% (3mma saar), from 6.2% in July. The average of core measures monitored by the BCB will also likely decelerate, to 4.4% (3mma saar), from 4.6% in July.
EM BulletBulletGlobalEmerging Market NewsRegion
EM BulletBulletGlobalEmerging Market NewsRegion

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.