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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.
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Free AccessEconomic Activity For August Scheduled, Petrobras Announce Price Changes
- The BCB are scheduled to publish its economic activity index for August with an expected decrease on the month. However, the annual read is expected to increase. For reference, the index is seen as a monthly reference for the country’s GDP and will be disclosed at 1300BST/0800ET:
- Aug. Economic Activity M/m, est. -0.60%, prior 0.44%
- Aug. Economic Activity Y/y, est. 1.30%, prior 0.66%
- Iron ore registered a 3.7% drop in Singapore and is headed for a fifth consecutive weekly decline, the longest losing streak in a year. Analysts note that persistent concerns about China’s property market and the conflict in the Middle East continue to hurt demand which could weigh on the Brazilian real at the open. USDBRL continues to hold above the 5.00 mark and technical conditions remain bullish amid the broad pressure on EMFX.
- Overnight, Petrobras announced it will increase the diesel price, and cut gasoline as of October 21.
- Average selling price of gasoline to distributors will be reduced by 12 centavos per liter, to 2.81 reais per liter (BBG)
- Regarding diesel, there will be an increase of 25 centavos per liter in the average price, to 4.05 reais per liter (BBG)
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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.