MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

Fiscal Framework In Focus

BRAZIL
  • USDBRL opened very moderately higher to start the week but has since fallen back to unchanged despite the dampened sentiment amid a decline in commodity prices after China set a lower-than-expected growth target.
  • Market participants will be keenly watching for developments relating to Brazil’s new fiscal rule. Finance Minister Fernando Haddad said the framework proposal would be ready last Friday, however, as of yet no announcement has been made.
  • Estado reported that President Luiz Inacio Lula da Silva may approve it in a meeting with Haddad at 8.30am ET. Monday and additionally, Valor reported that the new fiscal rule will use GDP per capita as a reference for government’s expense growth.
  • Analysts note that attention remains on President Lula’s announcement of the replacement of Bruno Serra on BCB’s board. Worth noting that local assets are likely pricing in a PT-linked appointee.
  • On the data front, Friday’s release of February IPCA inflation will be the highlight. Worth noting in today’s central bank focus survey, economists kept their expectations for both year-end 2023 and 2024 inflation steady at 5.9 and 4.02% respectively.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.