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February Retail Sales Data, Petrobras To Elect Board

BRAZIL
  • Retail Sales data for February are expected to have risen 0.4% M/m, bringing the annual metric to -1.3% Y/y from -1.9% in January. Data due at 1300BST/0800ET:
    • Feb. Retail Sales MoM, est. 0.4%, prior 0.8%
    • Feb. Retail Sales YoY, est. -1.3%, prior -1.9%
    • Feb. Retail Sales Broad MoM, est. 1.1%, prior -0.3%
    • Feb. Retail Sales Broad YoY, est. -1.5%, prior -1.5%
  • Worth noting today marks Ibovespa options expiration at B3 stock exchange.
  • Petrobras holds shareholders’ general meeting to vote on the company’s new board of directors starting at 3pm Brasilia time. Brazil’s Mines and Energy Ministry appointed Jose Mauro Ferreira Coelho for CEO and Marcio Andrade Weber for chairman of Latin America’s largest oil producer, which has become the centre of a political dispute over fuel prices.

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