MNI BRIEF: Trade War To Increase Volatility Inflation -Panetta

MNI China Daily Summary: Friday, November 15

MNI BRIEF:China Optimistic On Property Despite Investment Fall

CORRECTED-MNI INTERVIEW: NBH To Hold Rates

MNI BRIEF: China Oct Retail Sales Surge On Holiday, Trade-ins

CHINA OCT INDUSTRIAL OUTPUT +5.3% Y/Y VS MEDIAN +5.5% Y/Y: NBS

EZ/UK Bond Supply Calendar: EU Synd; SK, BE Auction on Monday

MNI: US SEP BUSINESS INVENTORIES +0.1%; SALES +0.3%

MNI: US OCT INDUSTRIAL PROD -0.3%; CAP UTIL 77.1%

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

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

BRAZIL: IPCA Inflation Due, Senate Approves Galipolo’s Nomination As BCB Head

BRAZIL
EM BulletBulletGlobalEmerging Market NewsRegion
  • The Senate gave its final approval to Gabriel Galipolo’s nomination as the next BCB governor late yesterday. The Senate floor voted 66-5 in favour of his nomination, following his approval by a Senate economic committee earlier in the day. Galipolo said that President Lula has insisted he will have complete freedom to make decisions as governor. USDBRL closed 0.82% higher at 5.5344 yesterday, amidst a slide in commodity prices, narrowing the gap to initial resistance at 5.5971, the Sep 23 high.
  • Today, IPCA inflation data for September will be released at 1300BST(0800ET), with analysts expecting the headline rate to rise to 4.44% y/y, from 4.24% the month before. In m/m terms, prices are expected to rebound by 0.46% m/m, vs. -0.02% previously.
    • Sept. IBGE Inflation IPCA YoY, est. 4.44%, prior 4.24%
    • Sept. IBGE Inflation IPCA MoM, est. 0.46%, prior -0.02%
  • In other news, Supreme Court Justice Alexandre de Moraes has authorised the social network X to resume activities in Brazil after the company met the judge’s demands and took down some user accounts and appointed a legal representative for the platform in the country.
180 words

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.
  • The Senate gave its final approval to Gabriel Galipolo’s nomination as the next BCB governor late yesterday. The Senate floor voted 66-5 in favour of his nomination, following his approval by a Senate economic committee earlier in the day. Galipolo said that President Lula has insisted he will have complete freedom to make decisions as governor. USDBRL closed 0.82% higher at 5.5344 yesterday, amidst a slide in commodity prices, narrowing the gap to initial resistance at 5.5971, the Sep 23 high.
  • Today, IPCA inflation data for September will be released at 1300BST(0800ET), with analysts expecting the headline rate to rise to 4.44% y/y, from 4.24% the month before. In m/m terms, prices are expected to rebound by 0.46% m/m, vs. -0.02% previously.
    • Sept. IBGE Inflation IPCA YoY, est. 4.44%, prior 4.24%
    • Sept. IBGE Inflation IPCA MoM, est. 0.46%, prior -0.02%
  • In other news, Supreme Court Justice Alexandre de Moraes has authorised the social network X to resume activities in Brazil after the company met the judge’s demands and took down some user accounts and appointed a legal representative for the platform in the country.