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July Economic Activity, Lula To Meet With Zelenskiy

BRAZIL
  • The central bank will disclose its economic activity index for July. The index is seen as a monthly reference for the country’s GDP. Data will be disclosed at 1300BST/0800ET:
    • July Economic Activity MoM, est. 0.40%, prior 0.63%
    • July Economic Activity YoY, est. 1.00%, prior 2.10%
  • Finance Minister Haddad highlighted the huge level of interest in Brazil’s sustainability-linked issuance as the government announced plans to raise as much as 10 billion reais ($2.1 billion) through its first-ever sale of green bonds.
  • The reception on Wall Street has been “extraordinary,” Haddad said during a speech in New York, where President Luiz Inacio Lula da Silva and his ministers are using this week’s United Nations General Assembly to campaign for international support for their green development aims.
  • Additionally, President Lula will meet with Ukrainian counterpart Volodymyr Zelenskiy for the first time after months of diplomatic back and forth in an attempt to bridge differences about Russia’s war.

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