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BRAZIL: July Retail Sales Due, Finance Minister Haddad Interview

BRAZIL
EM BulletBulletGlobalEmerging Market NewsRegion
  • Retail sales are expected to rise by 0.5% m/m in July, following a 1.0% decline the month before (1300BST/0800ET). As a result, the market looks for annual sales growth to edge up to 4.4% y/y, from 4.0%.
    • July Retail Sales YoY, est. 4.4%, prior 4.0%
    • July Retail Sales MoM, est. 0.5%, prior -1.0%
    • July Retail Sales Broad YoY, est. 6.0%, prior 2.0%
    • July Retail Sales Broad MoM, est. -0.5%, prior 0.4%
  • Meanwhile, Finance Minister Haddad is due to give an interview with state-owned broadcaster EBC at 1200BST(0700ET). He will also have a virtual meeting with the Vice President of Moody’s at 1500BST(1000ET).
  • In other news, Vale said that it expects a final settlement in the mediation process related to the collapse of the Fundao dam, in Mariana, in October. Negotiations are advanced, but no definitive agreement has been reached, it said.
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  • Retail sales are expected to rise by 0.5% m/m in July, following a 1.0% decline the month before (1300BST/0800ET). As a result, the market looks for annual sales growth to edge up to 4.4% y/y, from 4.0%.
    • July Retail Sales YoY, est. 4.4%, prior 4.0%
    • July Retail Sales MoM, est. 0.5%, prior -1.0%
    • July Retail Sales Broad YoY, est. 6.0%, prior 2.0%
    • July Retail Sales Broad MoM, est. -0.5%, prior 0.4%
  • Meanwhile, Finance Minister Haddad is due to give an interview with state-owned broadcaster EBC at 1200BST(0700ET). He will also have a virtual meeting with the Vice President of Moody’s at 1500BST(1000ET).
  • In other news, Vale said that it expects a final settlement in the mediation process related to the collapse of the Fundao dam, in Mariana, in October. Negotiations are advanced, but no definitive agreement has been reached, it said.