MNI China Daily Summary: Tuesday, July 9

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MNI: US REDBOOK: JUL STORE SALES +5.7% V YR AGO MO

Weak May Releases Raise Further Recovery Into Question

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MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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Goldman Sachs Expect IPCA-15 Inflation to Moderate to 0.30% M/M in Dec

BRAZIL
  • Goldman Sachs expect IPCA-15 inflation to print at 0.30% in Dec, vs. 0.33% in the Nov IPCA-15 and 0.28% Nov full-month IPCA.
  • Core inflation is expected to remain mild at under 0.3%, with the annual rate possibly dipping below 4%, GS say. Services inflation is forecasted to moderate from Nov with the annual rate moving below 6%.
  • They say inflation in December is expected to benefit from lower monthly readings in airfares and food at home, clothing and (durable) household goods. Administered/regulated inflation is projected to accelerate to +0.5% on the back of the fading impact from gasoline price declines and the reversal of the Nov decline in urban transportation fares.
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