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February Retail Sales Due At Top Of The Hour

BRAZIL

NEWS OVERNIGHT:

  • Brazil's economic team is mulling proposing a new constitutional amendment that could free up more money for Covid spending.
    • The bill is seen as a way to solve the impasse between lawmakers, who want money that was earmarked for them in the budget, and the economic team, which says the budget underestimates mandatory expenses and is unrealistic. (BBG)

DATA TODAY:

  • Brazil Feb. Retail Sales Estimate 0.7% m/m vs. -0.2% prior.
  • Brazil Feb. Retail Sales Estimate -3.1% y/y vs. -0.3% prior.

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