Free Trial

Industrial Production Data Disappoints Expectations

BRAZIL
  • Brazil: Further comments from Guedes overnight reiterating that claims on Brazil's lack of fiscal control are misplaced. The economy minister also stated Brazil’s precatorios bill was a lesser harm.
  • Despite the usual volatile trading ranges for USDBRL, the pair is only marginally higher on the week around 5.64. DI Swap Rates in the belly and longer tenors reside roughly 40 basis points lower on the week.
  • Brazil Industrial Production Data Disappoints:
    • Brazil's Oct Industrial Output -0.6% On Month; Est. +0.8% - IBGE (DJ)
    • Brazil's Oct Industrial Output -7.8% On Year; Est. -5.1% - IBGE (DJ)

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.