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BRAZIL: January Current Account, Unemployment Rate, Central Govt Budget Balance

BRAZIL
BulletEM BulletEmerging Market News
  • January current account stats will be released at 1130GMT(0630ET), with analysts expecting the current account deficit to remain steady around $9bn, while net FDI inflows rise to $5.7bn. Focus will then turn to unemployment figures for January at 1200GMT(0700ET), where the unemployment rate is seen rising by 40bp to 6.6%.
  • The unemployment data will be of interest given yesterday’s stronger-than-expected job creation figures, which suggested that the labour market remains tight, contributing to the underperformance of local assets. Central government budget data for January are also due later today.
    • Jan. Foreign Direct Investment, est. $5.7b, prior $2.77b
    • Jan. Current Account Balance, est. -$9b, prior -$9.03b
    • Jan. National Unemployment Rate, est. 6.6%, prior 6.2%
    • Jan. Central Govt Budget Balance, est. 88.1b, prior 24b
  • Meanwhile, Petrobras will hold a conference call at 1500GMT(1000ET) to discuss its Q4 earnings report. Yesterday, the company’s board approved BRL 9.1bn in dividends, with the proposal to be sent to the ordinary shareholders meeting scheduled for April 16.
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  • January current account stats will be released at 1130GMT(0630ET), with analysts expecting the current account deficit to remain steady around $9bn, while net FDI inflows rise to $5.7bn. Focus will then turn to unemployment figures for January at 1200GMT(0700ET), where the unemployment rate is seen rising by 40bp to 6.6%.
  • The unemployment data will be of interest given yesterday’s stronger-than-expected job creation figures, which suggested that the labour market remains tight, contributing to the underperformance of local assets. Central government budget data for January are also due later today.
    • Jan. Foreign Direct Investment, est. $5.7b, prior $2.77b
    • Jan. Current Account Balance, est. -$9b, prior -$9.03b
    • Jan. National Unemployment Rate, est. 6.6%, prior 6.2%
    • Jan. Central Govt Budget Balance, est. 88.1b, prior 24b
  • Meanwhile, Petrobras will hold a conference call at 1500GMT(1000ET) to discuss its Q4 earnings report. Yesterday, the company’s board approved BRL 9.1bn in dividends, with the proposal to be sent to the ordinary shareholders meeting scheduled for April 16.